It turns out the markets were king all along! Today, Jeremy Hunt has tried to demonstrate the government takes the markets, or just good financial management, seriously by reversing a lot of measures announced less than a month ago.
At the beginning of the week, we welcomed new King Charles III. At the end of the week we're asked to welcome another King. Cash in people's and businesses' hands is clearly the new King!
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April 2022 is the first in a series of important annual April tax changes:
- April 2022 - increase in national insurance and dividend tax by 1.25%
- April 2023 - increase in corporation tax from 19% to 19%/26.5%/25%
- April 2024 - MTD for income tax for sole traders and landlords with sales/rents over £10k
- April 2025 - MTD for partnerships and LLPs without a corporate partner
For now, we're focussing on the forthcoming April 2022 change and how you may want to react. Firstly, let's look at how much this might cost you:
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As we reflect back on 2021, here are our Top 10 client queries we've seen time and again during 2021. You may see certain Covid related themes emerging!
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