News 

keeping you up to date with the latest relevant news 

Covid

Whilst we acknowledge the lessening of Covid restrictions, Digital and Management Services will continue to operate in a covid safe way.

> These measures include;

> continuing to work remotely

> physical distancing

> wearing of face coverings where appropriate and at the request of our clients. 

Making Tax Digital

Making Tax Digital for income tax self-assessment (MTD ITSA) what is it and how will it affect you?

In the budget 

A round up of the 2021 Budet

Spring Statment 2022

The chancellor said forecasts from the Office for Budget Responsibility showed the economy would grow by 3.8% this year.

The threshold for national insurance is to rise by £3,000 this year equalising the national insurance contributions threshold with the personal income tax allowance of £12,570. This change will take effect in July. However the planned 1.25% rise in NI will remain. 

The basic rate of income tax will be cut from 20% to 19% in 2024.

The employment allowance for small businesses is set to increase to £5,000 – a tax cut worth up to £1,000 for half a million small firms starting in two weeks’ time.

Fuel duty will be cut by 5p a litre for a full 12 months. Taking effect from 6pm on Wednesday.

Made with ‌

Drag and Drop Website Builder