Tax rates & allowances

Personal tax rates and allowances are generally set for income tax years running to 5 April. Corporate rates and allowances are set for financial years running to 31 March.

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08 Jun 2020

Chancellor announces changes to Job Retention Scheme

Chancellor Rishi Sunak has announced changes to the government''s Coronavirus Job Retention Scheme (JRS).

08 Jun 2020

COVID-19: delay to VAT reverse charge on construction services

On 5 June 2020, HMRC announced a five-month delay to the introduction of the domestic VAT reverse charge for construction services.