by amritnudigital | Jul 11, 2023 | Uncategorized
Newsletter issue – July 2023 The main rate of corporation tax rose from 19% to 25% on 1 April 2023 for companies with profits over £250,000. The small profits rate of 19% applies where company profits don’t exceed £50,000 for the year. Between those profit...
by amritnudigital | Jul 11, 2023 | Uncategorized
Newsletter issue – July 2023 In April 2023, we gave you the good news that the government had extended the deadline for paying voluntary National Insurance contributions (NIC) to fill gaps in an NIC record which arose in the years 2006/2007 to 2016/17, from 5 April...
by amritnudigital | Jul 11, 2023 | Uncategorized
Newsletter issue – July 2023 The Pandora Papers consists of 11.9 million leaked documents from 14 offshore financial service companies. This information was gradually released by the International Consortium of Investigative Journalists from October 2021 onwards.HMRC...
by amritnudigital | Jul 11, 2023 | Uncategorized
Newsletter issue – July 2023 The marriage allowance is £1,260 of the personal allowance which is available for transfer between spouses or civil partners. But this amount can only be transferred where the recipient is taxed at the basic rate (20%) or less (starter,...
by amritnudigital | Jul 11, 2023 | Uncategorized
Newsletter issue – July 2023 Q. I quit my job in July 2022 and became self-employed from September 2022. I started to pay class 2 NIC for my self-employed trade with effect from 1 September. Will the 2022/23 count as a qualifying year towards my state pension?...
