CODE NUMBERS Check your code to ensure you have been given the correct personal allowances, including relief for pension contributions and gift aid donations if liable to higher rate tax. PENSIONS With a general election a few weeks away it cannot be certain that the current generous reliefs will remain in place. It is important … Continue reading Year End Tax Planning – Points for review before 5 April!
1 April 2015 Payment of corporation tax liabilities for SMEs account period ended 30 June 2014 where payment is not made by instalments. Reduction in main rate of corporation tax to 20%. Small profits rate is abolished except for ring-fence profits. Change to emission thresholds for business cars (zero rate ends). Application to defer Class … Continue reading Deadline Dates – April 2015
For those of you in self-assessment, you know the drill by now…the annual cycle will be all too familiar. Your accountants will soon be issuing reminders through all available channels of communication, hot on the heels of HMRC and their teal green reminders. But before we hit the 6 April and commence on our self-assessment … Continue reading 5 Tax Planning Tips As 5 April Approaches