• Director salaries | Whyfield Cornwall

    Director salaries 2022

    Following the announcements of increases to the rate of National insurance and Dividends along with the increased threshold for National insurance from July 2022 and the extra employment allowance, many of our directors are unsure what to pay themselves.

    Tax
    Published 20.04.22
  • The tax implications of gifting at Easter

    It’s nearly Easter time, and many businesses like utilise occasions like this to share the love with clients and colleagues. But what are the tax implications of giving gifts through your business?

    Tax
    Published 04.04.22
  • Spring Statement 2022 round up… so far!

    Following the Chancellor’s Spring Statement, we’ve broken down some of the key points to make them more digestible. We will continue to update this page as more guidance is released.

    Tax
    Published 24.03.22
  • Tax Changes to be Aware of in 2022

    Tax Changes to Be Aware of in 2022

    Get up-to-date with the latest tax changes coming in for 2022 including business rates, capital gains and green investment relief.

    Tax
    Published 14.01.22
  • Points Based Penalties

    HMRCs New Points Based Penalty System

    A new points based penalties system for VAT tax is coming this April. Find out how this new penalty system will work.

    Tax
    Published 13.01.22
  • Small Business Rates

    Small Business Rates Relief 2022

    As a small business you could be eligible for small business rates relief. Find out what you can get and how.

    Tax
    Published 13.01.22
  • Capital Gains Tax for UK Property

    30-day Deadline for Capital Gains Tax

    You may have to pay interest and a penalty if you do not report Capital Gains Tax on UK property within 30 days of selling it.

    Tax
    Published 06.10.21
  • Making Tax Digital for Income Tax

    Making Tax Digital for Income Tax to be introduced in 2024

    Businesses get more time to prepare for digital tax changes as Making Tax Digital for Income Tax will now be introduced in April 2024

    Making Tax Digital
    Published 27.09.21
  • Tax changes for Health and Social Care Reform

    Tax changes for Health and Social Care

    The UK Government are set to raise National Insurance by 1.25% to boost health and social care in the wake of the pandemic. Find out more

    Tax
    Published 13.09.21
  • Stamp Duty Land Tax Changes for September

    Stamp Duty Land Tax Changes for September 2021

    The temporary increase to the nil rate band for Stamp Duty Land Tax (SDLT) is returning to the standard rate on 1 October 2021. Find out more.

    Tax
    Published 24.08.21
  • The Super-Deduction

    The Super-Deduction

    The super-deduction was introduced in the 2021 Spring budget with a 130% capital allowance to encourage businesses to invest more.

    Budget
    Published 19.08.21
  • The Tax Benefits to Driving an Electric Car

    The Tax Benefits to Driving an Electric Car

    Find out the Company and Road tax breaks and credits available to electric car drivers, from benefit-in-kind to road tax.

    Tax
    Published 05.08.21