Our November 2021 Tax Newsletter is now available to download and contains lots of useful information for small businesses.

In this BUDGET AND SPENDING REVIEW issue:

• National living wage increased to £9.50 an hour
• No changes to income tax rates and personal allowance frozen
• Some national insurance thresholds are changing
• “Temporary” £1 million annual investment allowance extended
• Business rates to be made “fairer” and 50% discount for the retail and hospitality sector
• Changes to the R&D tax relief
• Group relief for European company losses to end
• Cultural tax reliefs doubled
• New residential developer tax
• More time to report and pay CGT on residential property disposal
• Pension tax relief unchanged
• Individual savings account limits frozen again