The Summer Budget
The Summer Budget was surprisingly jam packed of tax and relief changes that will affect businesses, many in a positive way, however, on some changes the jury is still out. The following is just a brief overview of the main items that I believe will affect SMEs and is...Personal tax changes from 6 April 2015
HMRC has kindly published a list of the tax changes that affect individuals from 6th April 2015. I have reproduced the list below. Individuals over the age of 55 have flexible access to their defined contribution pension savings. The Income Tax Personal Allowance...Budget Top 10 Highlights – ‘No giveaways or gimmicks’…..
Rate changes – the personal tax allowance will increase to £10,600 from April 2015 and by a further £200 a year for the next two years. The age related personal allowance will be removed completely from April 2016. The threshold for the point at which the 40p rate...Year End Tax Planning
Time is ticking away if you want to do some serious tax planning in this financial year… With a general election on the horizon, taxation – and each party’s various policies regarding wealth – will be high on the agenda in the coming weeks and months. You may...
David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation