From April 2023 most UK businesses will be required by law to keep their accounting records digitally. This can be achieved by using one of the various accounting software packages available. We understand how daunting this transition can seem and we can be with you every step of the way to ensure a smooth landing to the planet of digital accounting for you and your business. Here at PJL Accounts, we are certified advisors and partners of both Xero & Quickbooks accounting sof

In addition to the increase in NI rates, it has also been announced that Dividend tax will also increase by 1.25% from 6 April 2022. The new dividend tax rates, which will apply across the UK, are: Basic rate - 8.75% (Currently 7.5%) Higher rate - 33.75% (Currently 32.5%) Additional rate - 39.35% (Currently 38.1%) The 1.25% tax rise will apply to dividends above the tax bands in future years, the government has not yet provided details of the proposed tax bands for 2022-23.