January 1, 2015 0 Comments

News: January 2015 Car fuel benefit charge Employees and directors with company cars and who also have some or all of their private fuel paid for by their employers are subject to the

January 1, 2015 0 Comments

News: January 2015 Relief from business rates Many small businesses will welcome the news that the doubling of Small Business Rate Relief will be extended to April 2016. This means that around 385,000

January 1, 2015 0 Comments

News: January 2015 No tax relief for the write off of goodwill on incorporation One of the anti-avoidance measures announced in the Chancellor's Autumn Statement was a proposal to block the corporation tax

January 1, 2015 0 Comments

News: January 2015 R&D tax credits increased In order to further encourage innovation in the UK, the Government has announced an increase in R&D tax relief for the SME sector from 225% to

January 1, 2015 0 Comments

News: January 2015 2015/16 National Insurance rates There will be no increase in the rates of national insurance contributions (NICs) for employers, employees nor the Class 4 rate for the self-employed for 2015/16,

January 1, 2015 0 Comments

News: January 2015 Annual CGT exemption and new Stamp Duty Land Tax rates This is set to be £11,100 in 2015/16, so is worth a useful £3,108 for higher rate taxpayers for whom

January 1, 2015 0 Comments

News: January 2015 Corporation tax rates Profits 31/3/15 (FY2014) 31/3/16 (FY2015) First £300,000 20% 20% Between £300,000 and £1.5m 21.25% 20% Over £1.5m 21% 20% As previously announced there will be a single

January 1, 2015 0 Comments

News: January 2015 ISA limits and changes in 2015/16 The annual limit for savings in an ISA increases by £240 to £15,240 for 2015/16, but remember that the 50% restriction on cash was

January 1, 2015 0 Comments

News: January 2015 Personal allowance and tax bands The personal allowance for 2015/16 was originally scheduled to increase to £10,500 but it was announced that this will now be £10,600, so the tax