Voluntary class 2 national insurance contributions are unaffected by the Spring Statement changes, but don’t forget that class 4 losses might need recording separately.
Budget 2020: latest news and analysis from ICAEW
Latest reporting on Chancellor Rishi Sunak's first budget.
National insurance contributions thresholds will rise for employees and the self-employed, together with the employment allowance for small employers. Class 2 NIC will include a zero-rate band.
Chancellor Rishi Sunak delivered his Spring Statement 2022 against a backdrop of war in Ukraine. Aside from the terrible human cost, the war is now also exacerbating a cost of living crisis. Frank Haskew, ICAEW’s Head of Taxation Strategy, summarises the Spring Statement announcements and their potential impact
The Spring Statement has brought little surprise in respect of R&D tax relief, confirming speculation that changes will be made.
In his Spring Statement, the Chancellor Rishi Sunak announced a review of the capital allowances system in advance of the Autumn Budget. Several potential options for reform are being considered and will be discussed with businesses and other interested parties.
Chancellor Rishi Sunak announced five-year temporary zero rate for installation of energy saving materials in England, Wales and Scotland.
Technical experts from across ICAEW will be publishing a range of resources and insights in the coming weeks to help members understand the implications of the Spring Statement on 23 March. Find out more on what to expect.
In light of a possible announcement on tax relief for business investment at the Spring Statement on Wednesday, 23 March, ICAEW’s Tax Faculty looks at the current incentives and when they are due to expire.
Rishi Sunak is due to deliver his Spring Statement on 23 March. ICAEW’s Tax Faculty will host a webinar on 24 March to explain what this means and the outcomes.
Rishi Sunak delivered the annual Mais lecture at Bayes Business School on Thursday 24 February – just under four weeks from the Spring Statement. ICAEW’s Tax Faculty highlights the key points.