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Year-End Tax Guide 2018/19

Everything you need to know about taxes in 2018/19 including the current personal allowance threshold, pension contributions, capital gains tax, VAT and more.Personal allowances and tax reliefs The personal allowance for the current tax year is £11,850. Any...

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UK businesses increase spending on R&D to £23 billion

According to the latest data published by the Office for National Statistics (ONS), UK businesses spent an incredible £23.7 billion on research and development (R&D) in 2017. The data also revealed that year-on-year expenditure on R&D increased by £1.1bn...

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Businesses getting to grips with the apprenticeship levy

After previously voicing serious concerns over its complexity and lack of flexibility, UK businesses are finally beginning to understand the apprenticeship levy. The new scheme came into effect on the 6 April 2017 but companies struggled to adopt it thanks to its...

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National insurance rise hits higher-rate earners

In the 2018 Budget, the Chancellor announced that the higher-rate income tax threshold is to increase from £46,350 to £50,000 in 2019/20. What this would mean is that taxpayers earning between £46,350 and £50,000 will see their income tax rate reduced from 40% to 20%,...

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