Mar 11, 2020 | Government AnnouncementsPersonal Tax
Tapered annual allowance threshold raised In 2020/21, the two thresholds at which the tapered annual allowance applies will both increase by £90,000. This applies to individuals with a threshold income of more than £200,000 and an adjusted income above £240,000. For...
Mar 11, 2020 | Business TaxPersonal Tax
Support announced for businesses affected by COVID-19 Jonathan Geldart, director-general of the Institute of Directors, said: "This was a box-office Budget. Given the circumstances, the Chancellor had to be bold, and he came through for business today. "With the...
Mar 11, 2020 | Business TaxPersonal Tax
Chancellor Rishi Sunak will deliver his Spring Budget speech this afternoon, just 27 days after succeeding Sajid Javid. It’s been a whirlwind month for the new Chancellor, who rewrote Javid’s speech before coronavirus forced another urgent rethink. Whether...
Feb 27, 2020 | Personal Tax
Extending the off-payroll working rules to the private sector in April look set to go ahead, after the Chancellor hinted at a soft-landing period. Chancellor Rishi Sunak reportedly told a conference last weekend that HMRC would not be "at all heavy handed in the first...
Feb 12, 2020 | Personal Tax
Chancellor Sajid Javid is reportedly considering cutting pensions tax relief for high earners in next month's Spring Budget. Media reports suggest Javid may be on the verge of reducing high earners' relief from their marginal rate of income tax to 20% to make the...
