2022 Tax Year End Planning

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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