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...Costs associated with buying a property
When buying a property, whether as a first time buyer, moving up the property ladder, or as a buy to let property, the most important cost that you’ll have to factor into your finances is the mortgage. You’ll need to make up the initial deposit and then meet the...Are you ready for payroll changes ?
The PAYE system is changing from April 2013 and, if you operate a payroll, YOU WILL BE BE AFFECTED. HM Revenue & Customs are introducting a new process called Real Time Information, or RTI. The official reason is so things like tax credits and benefits are more...Tax planning for high income earners 2012-13
High income earners have until 5 April 2013 to review their tax position for 2012-13. In most cases action will need to be taken prior to this date. Deferring income – If you normally receive bonuses this month or a dividend from your company you should estimate...HMRC are coming after property investors
HM Revenue and Customs have announced that a ‘property campaign’ is due to start in March 2013, targeting those who have profited through owning and selling second homes or multiple properties. The “campaign”, offering those who have failed to...
David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation