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

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