The office is currently not accessible by clients. However, accounting records and signed documents can still be delivered by hand. Please call to arrange a mutually convenient time.
The office is expected to fully reopen on 12 April 2021.
Spring Budget 2021
The personal allowance
(£12500 in 2020/21) will increase to £12570 in 2021/22 and remain at this level until 2026. The higher rate
tax threshold will also increase to £37700. The additional rate of tax will start at £150000 in 2021/22,
unchanged from 2020/21.
Employee National Insurance threshold to be set at £184 per week from 6 April 2021. Employer rate to be £170 per week.
The standard rate will remain at 20%. The turnover threshold for VAT registration is £85000 and the threshold for VAT registered businesses wishing to cancel their registration is £83000. These amounts to remain in force until 31 March 2023.
The Corporation Tax rate (19%) will remain the same until April 2023 when the headline rate will increase to 25% for businesses with profits of £250000pa or more, tapering down to 19% for businesses with profits of up to £50000pa.