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Extended carry back
If your business has been adversely affected by the Covid-19 pandemic resulting in a loss, you may be able to benefit from the extended carry-back provisions to generate a tax repayment.
Pending the introduction of the Health and Social Care Levy from 6 April 2023, Class 1 (employers and employees), Class 1A, Class 1B and Class 4 National Insurance contributions will all rise by 1.25% for 2022/23 only.
As lockdowns continue, many businesses remain affected by the Covid-19 pandemic and in need of financial support. There are various support measures available. Speak to your professional adviser to find out what help is available for you.