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NICs and Dividend Tax Rates 2022 Summary

September 2021

NIC and Dividend Changes 2021

In a bid to help fund health and social care costs, National Insurance contributions (NICs) and dividend tax rates will rise from April 2022 National Insurance Contribution changes from April 2022 Employees will pay 1.25% more on National Insurance (NI) from April 2022. A recap on who pays NI: All employees on their salaries (those […]

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Do I Have to Pay UK Tax on Foreign Income?

September 2021

Photo of Calculator Surrounded by Foreign Currency

We get asked this question a lot. So often in fact that we decided it’s a subject worth covering in a blog. In most cases, there is a simple answer to this question. If you are not a UK resident, you won’t need to pay tax in the UK. If you are a UK resident, […]

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Budget 2021: Key Points

March 2021

Budget Day 2021 summary

As many of us look forward to a potential end to COVID-19 restrictions, today’s 2021 budget announcement has been anxiously awaited by individuals and businesses alike. In this article, we outline the Government’s key tax and spending plans for the year ahead, providing insight (where possible), on how these announcements are likely to affect you. Coronavirus The Furlough Scheme has been extended until the end […]

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Lockdown Roadmap for Businesses

March 2021

The government's lockdown roadmap includes plans to reopen UK businesses in 2021

Boris Johnson has announced a potential lockdown roadmap for England regarding the easing of lockdown restrictions. We know what this means for us as individuals, but what should you be doing if you are a business owner? The lockdown roadmap will allow a slow and steady easing of restrictions, with the hopes of all UK […]

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Our Guide to the Domestic Reverse Charge

February 2021

Caricatures of Different Construction Workers

The Domestic Reverse Charge (DRC) is a major change to the way in which VAT is collected in the construction industry and will come into effect from 1st March 2021. Why has it been introduced? The Domestic Reverse Charge has been introduced by HMRC to combat fraud, in particular, missing trader fraud which costs the […]

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Aston Shaw Partners with Inn Training

February 2021

Employer training Kickstart learner.

Aston Shaw are supporting businesses employing candidates through the government’s Kickstart Scheme. Our professional partnerships with internationally recognised training bodies help ensure that learners are receiving sufficient training in accordance with the government requirements. The Kickstart Scheme’s policy has recently changed, meaning that it is now even simpler for employers of all sizes to benefit […]

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Business Interruption Insurance – Supreme Court Ruling in Favour of Businesses

January 2021

Supreme Court Ruling in Favour of Businesses

The Supreme Court’s verdict on the Financial Conduct Authority (FCA)‘s business interruption insurance claims has brought long-awaited clarity for small businesses. The ruling confirms that insurers will pay out on most disputed coronavirus business interruption claims, worth an estimated £1.2bn. During the initial UK lockdown which began in March 2020, many small businesses made claims […]

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Additional Restrictions Grant Extended by Great Yarmouth Council

January 2021

Before Christmas, the Government announced the Additional Restrictions Grant. This is accessible to businesses which have been required to close but which do not have a rateable value, meaning they aren’t eligible for the Local Restrictions Support Grant (LRSG) scheme, yet they continue to be significantly financially impacted by the pandemic. Great Yarmouth Borough Council has announced that […]

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Self-assessment tax return 2021: why submit early?

December 2020

Self-assessment tax return 2021

31st January 2021 is the deadline. HMRC are encouraging those who are submitting their self-assessment tax return to beat the January rush and to complete them as soon as possible. After all, if you submit early, you can’t be late – and late submissions mean substantial fines. It is now less than 2 weeks until […]

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It Is Time to Talk About the B-word

November 2020

Brexit: the UK and EU are no longer synonymous

The Brexit transition period will end on 31st December 2020, and it is essential that businesses are prepared for the new rules that will come into place on 1st January 2021. But what exactly are these changes, and how can businesses prepare for new working practices and trading agreement?  Changes will predominantly affect business who […]

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