Home Working Tax Relief changes!

During the pandemic, HMRC changed the rules around the Home Working Tax Relief, and anyone working from home could claim. This has now changed again, and from 6th April 2022 employees should check their notice of coding and get it updated if the relief has been included and they are not required by their employer […]

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IR35 ‘damages business growth’

In a recent survey carried out by the Association of Independent Professionals and the Self-Employed (IPSE), 42% of businesses say IR35 reforms have negatively affected their business. Of the 500+ businesses surveyed, 28% had reduce the number of contracts given to freelancers since the changes took place in April 2021. The report goes on to […]

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National Insurance Increases

From 1st April 2022 the following rates will apply to National Insurance contributions. Please make sure that you’re ready for the changes! Rates are increasing by 1.25% for employees and employers, as announced in the Autumn Budget 2021, to help fund the NHS, health and social care. Employers’ NIC: increasing to 15.05% (from 13.8%) Employees’ […]

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HMRC in a spin over National Insurance increase?

HMRC has been criticised for contacting employers to ‘strongly encourage’ them to label the forthcoming National Insurance increase as ‘for the NHS’. This has been labelled as political, in view of the criticism of the looming increase amid concerns over the cost of living crisis. The statement released by HMRC was evidently intended to help […]

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Visit our Rebound Resources page for free tools & guidance to help your business Rebound from the pandemic.