News: February 2015 VAT rules changing for prompt payment discounts (PPD) In last year's Finance Act it was announced that the VAT rules for dealing with prompt payment (or early settlement) discounts would

News: February 2015 State pension changes Recent editions of this newsletter have featured the important changes to personal pensions for those over 55 that take effect from 6 April 2015. From 6 April

News: February 2015 Pre 2009 expensive cars get extra relief this year If your business bought a car costing more than £12,000 prior to April 2009, the writing down allowance has been restricted

News: February 2015 CGT entrepreneurs' relief – officer or employee? CGT entrepreneurs relief is available when owners of trading companies sell their shares, provided certain conditions are satisfied for the 12 months prior

  Tax diary: All the main tax events for February / March 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months

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

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

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

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

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,