You might not have greeted the 6th April with a glass of bubbly, fireworks and nibbles but the new tax year has now started. The 2021/22 tax year began on the 6th April and there are a few changes that you might want to know about: • The personal allowance – the amount that you

With the start of the new tax year, there are a few changes coming up with the national living wage and national minimum wage.   The National Living Wage is due to increase by 2.2% on 1 April 2021. Currently, the rate is £8.72 per hour and this will rise to £8.91 per hour.  

Under normal circumstances we would have been reminding you about the payments for your personal tax bill in the run up to 31st January which is the usual deadline. However, this is not a usual year, as we all know!   For this year, if you have not paid your personal tax for the year

You may have heard about a ‘super deduction’ for tax after the budget last week. This relates to the purchase of plant and machinery and the capital allowances (or tax deduction) that you can claim on these purchases. The idea being that you claim a deduction for tax of not just what you paid for

We would like to introduce Lucie Macarthur as a new member of the Willis Cooper team. Lucie is an accountant with over 15 years experience and a valuable addition to the Willis Cooper team. No doubt she will be chatting to some of our clients soon and in the meantime we would like to extend

Remember that the VAT ‘reverse charge’ starts in the UK for building and construction services from 1st March 2021. It is designed to combat VAT fraud in the building and construction sector. This is relevant to everyone who is CIS and VAT registered and works in the construction industry. This new treatment was announced some time

There are a couple of us in the office to answer the phones so feel free to pop in during our normal hours and we will be happy to help. No one is sitting in reception to help maintain social distancing so please ring the bell on the desk. Hope to see you soon!