Budget Summary
Yesterday’s budget reminded me somewhat of a Gordon Brown type of budget with lots of ‘tax and spend’ announcements. Many of the announcements (such as the rise in NIC and dividend tax) had already been announced. We’ve prepared a summary for you which can be downloaded from the link below but there are often hidden ‘gems’ that don’t come to light until the fine print has been read. We’ll let you know what these are if we find any.
If any of the items raise questions, do please get in touch.
2020-21 Self Assessment Tax returns
Don’t forget!
The filing deadline of 31st January 2022 creeps ever closer so do think about pulling together the information we will need to complete your tax return.
And Finally
Governments seem always to be looking for new things to tax. Here are just a few of the more bizarre taxes from the past.
Between 1785 and 1792, a tax of one guinea was levied on households for each female servant employed.
Time itself was taxed as a short lived attempt to raise revenue for the Napoleonic wars. Anyone owning a clock or watch was taxed on the ownership. Introduced in 1797, the tax only lasted 9 months.
From 1795 to 1861, a household licence costing up to £1.3.6 was required if you wanted to use hair powder (used to keep wigs white). The royal family was exempt, as was any ‘dissenting minister’ - basically any cabinet minister who didn’t want to pay it.
If you have any questions, on anything, don’t hesitate to contact us below: