ณษศหำฐา๔

Tax News

Class 1 NICs primary threshold increases from 6 July 2022

Published on: 06 July 2022
Published by a

Specialist Tax Regulatory Materials

Article summary

The primary threshold for Class 1 NICs increased to ยฃ12,570 on 6 July 2022, bringing the threshold into line with the income tax personal allowance.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Popular Articles

Tax on UK resident beneficiaries of non-resident trusts โ€• overview

Tax on UK resident beneficiaries of non-resident trusts โ€• overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to

14 Jul 2020 13:47 | Produced by Tolley Read more Read more

Gifts with reservation โ€• overview

Gifts with reservation โ€• overviewIntroductionA gift with reservation (GWR) arises when an individual ostensibly makes a gift of his property to another person but retains for himself some or all of the benefit of owning the property. The legislation defines a gift with reservation with reference to

14 Jul 2020 11:48 | Produced by Tolley Read more Read more

UK VAT invoice requirements

UK VAT invoice requirementsThis guidance note provides details of the information that must be shown on a valid tax invoice. Businesses supplying goods and services that are liable to the standard or reduced rate of VAT are required to issue a tax invoice to another VAT registered person.If the

14 Jul 2020 13:46 | Produced by Tolley Read more Read more