The Plastic Packaging Tax is here – will it affect your business?

ou manufacture or import 10 or more tonnes of plastic packaging within a 12 month period, you may need to register for the new plastic packaging tax (PPT). The tax will come into force on 1 April 2022 and will be charged at a rate of £200 per tonne.

War in Ukraine – how could it affect the UK economy?

The UK has few direct economic links to Russia. Trade between the two is relatively small and Russia is not closely integrated into the global financial system. However, Russia’s invasion of Ukraine – and the sanctions imposed on Russia by the UK and its allies, could still have a significant impact on the UK economy. This article will outline a summary of the potential economic impact and signpost to further information.

HMRC tightening up on employers’ year end reporting

MRC requires numerous sets of employee data after the end of the tax year, which is no small task for employers. Although real time reporting of PAYE has removed some of the year end reporting burden, making sure you have accurate data ready in time to meet all the reporting deadlines is always a challenge. This article will outline what is required to keep your business ahead of the game.

Are you prepared for the April 2022 tax changes?

April 2022 will see the rates of most classes of National Insurance Contributions temporarily increase by 1.25 percentage points starting 6 April, to raise funds for the NHS and social care. This will be replaced by the Health and Social Care Levy from 6 April 2023, which will also be set at 1.25% of income. This article will discuss what the changes are and why now is a good time to plan your finances.

HMRC and your Cryptoasset capital gains tax position

There is no specific Bitcoin tax or cryptocurrency tax in the UK. Instead, your cryptoassets will either be subject to capital gains tax or income tax. If you have engaged in any of the activities above you may be liable for capital gains tax. If you are earning cryptoassets through activities such as mining you may be liable to declare this as income tax.

Why Iberian Lighting Choose Swindells

Founded in Croydon in 1963 Iberian Lighting produce wide range of lighting products for the retail, hospitality and domestic marketplace. Following the retirement of the founder in 2003; Les Allitt has carried the company forward. In their 15,000 square foot factory and offices based in Hastings; Iberian Lighting have a strong team of creative designers & engineers.