Chancellor Rishi Sunak delivered his first budget speech on 11 March, and with the coronavirus high on the agenda there were emergency measures aimed at helping businesses and protecting jobs. Personal Taxes The tax-free personal allowance will remain at £12,500 for the 2020/21 tax year throughout the UK. The basic-rate band in England, Northern Ireland […]

At this time of the year, thoughts turn to the annual office part but did you know that although there is no specific allowance for a ‘Christmas party’ or ‘summer barbecue’ HMRC does allow limited tax relief against the cost of holding an ‘annual event’ for employees, providing certain conditions are met. A staff event […]