UK Tax Rates for 2020/2021

HB Accountants have produced a Tax Card which summarises many of the rates and allowances fundamental to your business and personal lives. We are sure that you will find it a useful point of reference throughout the coming tax year.

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National Insurance Updates: Are you aware of the changes?

The National Insurance Contribution Threshold will rise to £9,500 a year on 6th April 2020, consequently 31 million UK taxpayers will begin to pay less national insurance!

This means that the typical employee will pay around £104 less in 2020/21, and self-employed people who pay national insurance at a lower rate will have £78 cut from their bill.

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