From April 2022 all businesses that are registered for VAT, must follow the rules for ‘Making Tax Digital for VAT’ . This means businesses must use accounting software that can connect to HMRC’s systems for the purposes of filing a VAT Return.

National Insurance rates are set to rise by 1.25% from 6 April 2022, for employees, employers and the self-employed. This part of the government’s plan to introduce a health and social care levy. Good news is National Insurance lower earnings limits will increase by 3.1% to offset it.

The National living wage rates will be increasing from April 2022. For people 23 years old or more it will increase by 6.6% from £8.91 to £9.50.