Don’t miss tax credits renewal deadline
Individuals who were claiming tax credits for 2012-13 should be receiving a “Renewing your tax credits – Getting it right” pack. It is vital that you complete the Annual Review form for the year ended 5 April 2013 and send it to the Tax Credits Office (TCO) Preston...Tax for Older People
Last year there was much huffing and puffing about the so-called “granny tax”, even though nothing had actually happened. What was announced in the 2012 Budget was that age-related allowances would be frozen with effect from April 2013 and would no longer be claimable...National Insurance £2,000 employment allowance
The Government is to introduce an allowance of £2,000 per year for all businesses and charities to be offset against their employer Class 1 secondary NICs’ bill from April 2014. The allowance will be claimed as part of the normal payroll process. The Government will...Budget changes to capital allowances
How the capital allowances regime and annual investment allowance will change. Capital allowances: low emission vehicles Legislation will be introduced in Finance Bill 2015 to extend the 100% allowance (FYA) for expenditure incurred on cars with low carbon dioxide...
David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation