Value Added Tax – Budget Report 18 March 2015
Value Added Tax
| From | 1 Apr 2015 |
|---|---|
| Standard rate | 20% |
| VAT fraction | 1/6 |
| Reduced Rate | 5% |
| Current Turnover Limits | |
| Registration &# | |
19
Mar
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Viewing posts in category 'News'
19
Mar
Income Tax and Personal Savings – Budget Report 18 March 2015
Income Tax and Personal Savings
| Income tax | 2015/16 | 2014/15 |
|---|---|---|
| Basic rate band – income up to | £31,785 | £31 |
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19
Mar
National Minimum Wage – Budget Report 18 March 2015
National Minimum Wage (NMW)
The NMW rates are as follows:| Age | 21 and over | 18-20 | 16 and 17 | Apprentice rate* |
|---|---|---|---|---|
| From 1 October 201 |
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19
Mar
Duties – Budget Report 18 March 2015
Duties
Alcohol duty
The duty rates on beer will decrease, reducing the price of a typical pint of beer by 1p. Other reductio
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19
Mar
Capital taxes – Budget Report 18 March 2015
Capital taxes
Entrepreneurs’ relief and associated disposals
Legislation will be introduced in the 2015 Finance Bill to prevent claims to entrepreneurs’ relief in respect of gains on disposals of privately-held assets used in a business unless they are associated with a significant material disposal (i.e. a disposal of at least a 5% shareholding in the company or of at least a 5
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19
Mar
Business Tax and Investment Incentives – Budget Report 18 March 2015
Business Tax and Investment Incentives
Corporation Tax
Corporation tax rates and bands are as follows:| Financial Year t |
|---|
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19
Mar
Budget Highlights – Budget Report 18 March 2015
Budget Highlights
‘Britain is walking tall again’, proclaims Chancellor
Chancellor George Osborne deli
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19
Mar
Budget Report 18 March 2015
This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intend
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04
Dec
Autumn Statement 2014
Tuchbands, chartered accountants in North London, have published a report providing an overview of the Chancellor of the Exchequer’s Autumn Statement, his last before the 2015 General Election. It details George Osborne’s latest announcements and measures that could affect you or your business. One of the main announcements was the complete reform of stamp dut… Continue Reading
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23
Oct
Tax Gap, Tax Avoidance and Tax Evasion
HMRC define the “tax gap” as the difference between the amount of tax that they should be collecting and the amount they actually collect. In percentage terms this has been falling in recent years with the gap at 8.5% in 2005/06 and at 6.8% for 2012/2013, equating to £34bn for 2012/2013. The tax gap is comprised of amounts estimated to not have been collected because of t… Continue Reading
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