Updates to National Insurance Contributions (NICs) and Tax Policies – Spring Budget April 2024

Posted on March 7, 2024 by Amy Thompson

Changes to National Insurance contributions (NICs) and tax policies have been announced by the Chancellor. Take a look at the upcoming adjustments, including reductions in NICs rates for employees and the self-employed, changes to Capital Gains Tax rates, the introduction of a new British ISA allowance, updates to VAT registration thresholds, and plans to extend Full Expensing to leased assets. These changes are effective from 6 April 2024 and aim to support individuals and foster investment in promising UK enterprises.

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The tax implications for individuals who own, sell or trade cryptocurrencies

Posted on February 18, 2022 by Amy Thompson

In 2009 there was one single cryptoasset called Bitcoin. Today, there are multiple cryptoassets – also known as cryptocurrencies These are digital assets, not physical ones.

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UK Tax Rates for 2021/2022

Posted on March 17, 2021 by Amy Thompson

HB Accountants have produced a Tax Card which summarises many of the rates and allowances fundamental to your business and personal lives. It’s a great point of reference throughout the coming tax year and contains lots of information on personal, business, employment, property and capital taxes, including any changes.

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