Tax Matters2021/2022

Get ahead, stay on track and use your tax allowances, reliefs and incentives wisely this year.

Ideas for individuals, directors, businesses and investors; there’s something for everyone to consider.

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ammu news + insights

  • 1.25% increase in NICs and tax on dividends to fund health and social care

    1.25% increase in NICs and tax on dividends to fund health and social care

    The UK government will introduce a new 1.25% levy to provide an extra £12 bn a year to support the NHS and social care. From April 2022 it is proposed that there will be a 1.25% rise in National Insurance Contributions (NICs) to be paid by both employers and workers. Read more

  • capital allowances on plant in residential property

    capital allowances on plant in residential property

    The capital allowance legislation specifically denies tax relief for plant and machinery installed in a dwelling house. However, plant and machinery installed in the common areas of blocks of flats such as hallways, stairs and lift shafts would qualify as the flats themselves are the dwellings not the building as a whole. Read the article: Capital allowances

  • MTD for income tax postponed to 2024/25

    MTD for income tax postponed to 2024/25

    Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) a year later than planned, in the tax year beginning in April 2024. Read more

Meet Iain Robertson
Our R&D Tax Credits Claims Expert

Iain Robertson is ammu’s funding, business grants and R&D Tax claims specialist.

Iain works with a range of businesses from manufacturers and engineers, professional consultants, medical and healthcare businesses. Also, early growth stage and established SME businesses looking to scale up.

He advises business owners on all aspects of R&D Tax claims from checking eligibility, identifying relevant projects to writing and submitting successful claims.

Additional Insights

If you are looking for funding or a business grant, or if you want to upgrade to a digital finance system, or if you need someone to take care of the annual accounting and taxes so that you can get on with managing and growing the business. We can help.