Income tax and national insurance contribution rates have been frozen for 2021-22 and are likely to remain frozen until the end of this Parliament in 2024.
A summary of the changes to be made to personal taxes as announced in the latest Budget.
Jonathan Walton and Owen Kyffin of Whitley Stimpson discussed inheritance tax (IHT) now and post COVID-19 via video chat on Wednesday 1 July on the B4 Live platform. A recording of this discussion can be found below.
The economic devastation created by coronavirus could have a profound effect on all our financial plans. It is almost inevitable that taxes will rise as the Government attempts to fund its unprecedented state spending and make up for lost revenue in taxation.