The Government has announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.
What are dividends? How much tax do you pay on them? Dividends are a tax-efficient way of extracting profit from a family business.
Find out all of the important dates that you need to be aware of for your tax deadlines.
If you due to make your second Self Assessment payment on account for the 2019 to 2020 tax year on 31 July 2020, you have the option to delay the payment until the 31 January 2021.
On Wednesday 8 July, the Chancellor, Rishi Sunak, gave his Summer Economic Statement and announced a number of measures to support businesses, jobs, the economy and individuals.