National Insurance increase
With the new tax year comes the government’s Health and Social Care Levy (HSCL).
The HSCL is designed to raise additional money for the NHS and social care in the aftermath of the Covid-19 pandemic. While most people would agree that the health service could do with the extra funding, the increase has its critics because of how it has been presented.
Tax Relief For Sponsoring Charity Runs
Charitable deeds can potentially be enhanced by tax relief or even increase the amount you donate without having to put in more yourself, continue to know more.
Tax relief and exemptions for annual parties, gifts, and donations
As many of you might have to cancel your festive celebration due to Omicron, the tax relief for annual events and small gifts to employees or directors are not lost. You could still utilise them after the holiday season when it’s safe to do so again. Also, we have an increasing amount of queries on tax relief on charitable donation amid the pandemic so we would like to highlight some tax reliefs and allowances in this email for you to consider.