There’s good news and bad news. Income tax rates generally aren’t increasing. However as inflation steadily rises tax breaks such as your Personal Allowance are now locked in until 2026. Coupled with forthcoming rises in national insurance, corporation tax and dividend rates the net impact for small business owners is a substantial and quite sneaky tax increase over the next few years.
The 2021/22 tax year in the UK runs from 6th April 2021 to 5th April 2022. Tax returns for this tax year are generally due by 31st January 2023. Here are some of the most common at-a-glance figures you might find useful for the tax year.
The 2020/21 tax year in the UK runs from 6th April 2020 to 5th April 2021. Tax returns for this tax year are generally due by 31st January 2022. Here are some of the most common at-a-glance figures you might find useful for the next tax year.
The 2019/20 tax year in the UK runs from 6th April 2019 to 5th April 2020. Tax returns for this tax year are generally due by 31st January 2021. Here are some of the most common at-a-glance figures you might find useful for this tax year.
Do you directly sell digital products such as PDF plans, downloadable software or electronic training courses? Welcome to a whole new world of EU sales tax that I can almost guarantee you didn’t know about. That’s right folks – forget about your £85,000 VAT registration threshold if you’re in the UK. The EU have reduced this for digital products… by a factor of 10! It impacts you wherever you are in the world. If you sell digital products to the EU your life has just become a whole load more complicated. Welcome to the VAT MOSS mess.
The 2018/19 tax year in the UK runs from 6th April 2018 to 5th April 2019. Tax returns for this tax year are generally due by 31st January 2020. Here are some of the most common at-a-glance figures you might need for this tax year.
The 2017/18 tax year in the UK runs from 6th April 2017 to 5th April 2018. Tax returns for this tax year are generally due by 31st January 2019. Here are some of the most common at-a-glance figures you might need for this tax year.