Blog - JSR Chartered Accountants https://jsrcharteredaccountants.com/blog Chartered Accountants and business advisers. Portadown & Kilkeel Wed, 27 Oct 2021 16:25:16 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8.9 Autumn Budget 2021 https://jsrcharteredaccountants.com/autumn-budget-2021 Wed, 27 Oct 2021 16:20:07 +0000 https://jsrcharteredaccountants.com/?p=8049 Key Points from todays Autumn Budget   – The national living wage will increase to £9.50 an hour next year, up from the current £8.91. An increase of 6.6%. – The Universal Credit taper rate will be cut by 8% from no later than December 1, bringing it down from 63% to 55% – this …

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Autumn Budget 22 November 2017 – Key Points https://jsrcharteredaccountants.com/autumn-budget-22-november-2017-key-points Wed, 22 Nov 2017 13:55:56 +0000 http://jsrcharteredaccountants.com/?p=1243 Hammonds ‘Balanced approach’ – the key points:   Business £500m to go towards a 5G mobile network, fibre broadband and AI 1% increase in Benefit in Kind on diesel company cars Vehicle Excise Duty to go up by 1 band from 2018 on cars that don’t meet the standard   Northern Ireland Extra £650m to …

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Key Points Spring Budget 2017 https://jsrcharteredaccountants.com/key-points-spring-budget-2017 Fri, 10 Mar 2017 11:23:27 +0000 http://jsrcharteredaccountants.com/?p=1205 The Spring budget was presented by Mr Philip Hammond on 8th March 2017.   A summary of the main points are noted below:   Class 4 National Insurance to increase from 9% to 10 % in April 2018 and to go up to 11% in April 2019. All class 4 earnings above £43,000 will continue …

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Married Couples Allowance https://jsrcharteredaccountants.com/married-couples-allowance Fri, 25 Mar 2016 14:45:05 +0000 http://jsrcharteredaccountants.com/?p=1178 Transfer unused tax allowance to save up to £212.00 in tax year 2015/16 If you are a married couple or are in a civil partnership, you may qualify for couples tax relief worth up to £212 in 2015/16. Who does this apply to? This tax relief is available to married couples and couples in a …

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Budget 2016 – Key Points https://jsrcharteredaccountants.com/budget-2016-key-points Fri, 18 Mar 2016 11:39:09 +0000 http://jsrcharteredaccountants.com/?p=1169 Sugar levy on soft drinks This aims to raise £520m in a two-part levy on companies – one for total sugar content above 5g per 100ml and one for drinks with more than 8g per 100ml – to be introduced in two years’ time. Pure fruit juice and milk are excluded. It will be used …

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National Living Wage https://jsrcharteredaccountants.com/national-living-wage Mon, 08 Feb 2016 13:25:27 +0000 http://jsrcharteredaccountants.com/?p=1158 From the 1 April 2021 the National Living Wage (NLW) for workers aged 23 (previously 25) and above will increase to £8.91 per hour. The current National Minimum Wage for those under the age of 23 will continue to apply and the rates set from 1 April 2021 can be found here National Minimum Wage Rates . Previous posts… The …

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Budget 8 July 2015 – Key Points https://jsrcharteredaccountants.com/budget-8-july-2015-key-points Wed, 08 Jul 2015 13:09:31 +0000 http://jsrcharteredaccountants.com/?p=1136 Todays budget at a glance   Welfare and pensions Working age benefits to ne frozen for four years, including tax credits and local housing allowance Rents in social housing sector will be reduced by 1% a year for the next four years Higher-income households in social housing will be required to pay rents at the …

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Budget 2015 – The Key Points https://jsrcharteredaccountants.com/budget-2015-the-key-points Wed, 18 Mar 2015 14:23:43 +0000 http://jsrcharteredaccountants.com/?p=1103 The Key Points from todays budget are: Personal tax-free allowance will be increased to £10,800 in April 2016, and to £11,000 in April 2017. Beer duty to be cut for the third year running, with 1p off the price of a pint. Cider duty to be cut by 2%. Duty on scotch whisky and other …

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Automatic enrolment. What does it mean for you? https://jsrcharteredaccountants.com/automatic-enrolment-mean Mon, 09 Feb 2015 11:15:17 +0000 http://jsrcharteredaccountants.com/?p=1087 Under new law introduced in 2012, all employers must offer a workplace pension scheme and automatically enrol eligible workers in it. This requirement has applied to larger employers since October 2012 and by 2018 will apply to all employers. By 2018 all employers will have automatically enrolled their eligible workers into a workplace pension scheme …

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Autumn Statement 3 December 2014 https://jsrcharteredaccountants.com/autumn-statement-3-december-2014 Wed, 03 Dec 2014 19:54:34 +0000 http://jsrcharteredaccountants.com/?p=1079 Key Points   Personal taxes Tax free allowance raised to £10,600 next year. Higher rate tax band raised to £42,385. When someone dies, their husband or wife will be able to inherit their ISA tax free. The inheritance tax exemption will cover aid workers who lose their lives dealing with humanitarian emergencies.   Corporate taxes …

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