• What should you be aware of following the Autumn Budget?

    OpenRead Animo's Autumn 2021 Budget Summary Following the Budget announcements from last month, there have been several changes to come into effect for national insurance and dividend tax rates which could affect many tax positions from the tax year 2022/23. Dividends for 2022/23 Dividend tax increases were announced in September 2021 and this was part [...]

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  • Autumn Budget Announcement 2021

    OpenRead Animo's Autumn 2021 Budget Summary On Wednesday 27th October 2021, Chancellor Rishi Sunak presented his third Budget announcement, detailing plans to “build back better” with ambitions to level up and reduce regional inequality. A lot of the budget was focused again on rebuilding after the Pandemic, with Chancellor Rishi Sunak stating that we cannot [...]

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  • 2022 Irish Budget Statement

    On the 12th of October 2021, Ireland’s Minister for Finance, Mr Paschal Donohoe, delivered the budget statement for 2022, with a total budgetary package of €4.7 billion – including measures to promote entrepreneurship as well as supporting growth and job creation, was announced during the statement. The Minister noted that this year’s budget will look […]

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  • Furlough comes to an end

    During his Spring Budget meeting Chancellor of the Exchequer, Rishi Sunak, confirmed that the Coronavirus Job Retention Scheme (CJRS), or more commonly known as Furlough, would run until today, the 30th of September 2021. The current version of the scheme is the third iteration of the scheme which was initially launched in March 2020 after […]

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  • HMRC postpones Making-Tax-Digital for Income Tax until 2024

    On the 23rd of September 2021, HM Revenue and Customs (HMRC) announced that the Making-Tax-Digital (MTD) scheme for income tax self-assessments (ITSA) will be introduced a year later than originally planned, with the roll out now scheduled for the tax year beginning in April 2024. The postponement is planned to provide additional time for preparation […]

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  • HMRC begins compliance checks in line with new IR35 rules

    Nearly six months from the introduction of a new IR35 regime in the private sector, HMRC has started IR35 compliance checks in both the financial services and the oil and gas sectors. With effect from April 2021, the new IR35 rules apply to large and medium-sized businesses in the private sector that engage contractors. These […]

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  • Should my company expand internationally?

    Taking the leap and expanding internationally can be a daunting thought for many businesses, but it can also be the decision that makes or breaks your success. Expanding your international presence can bring a plethora of new and exciting opportunities to your business, but it is vital that you ensure your business is ready to […]

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  • G7 makes landmark agreement to confront tax avoidance

    Ahead of their annual summit, leaders of the world’s most wealthy and influential countries met to discuss new plans to tackle tax avoidance amongst large multinational conglomerates. During their meet World Leaders made history by signing a landmark deal designed to tackle tax and establish a minimum global corporation tax. The main goal of the [...]

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