Latest News

January 2013

Personal allowance for 2013/14

For those aged under 65 the personal allowance will be increased from the current £8,105 to £9,440. This increase in the personal allowance is greater than the amount previously announced and is part of the plan of the Coalition Government to ultimately raise the allowance to £10,000.

PPS reach 30 year milestone

One of our clients Professional Polishing Services Ltd has reached a fantastic milestone in their business as 2013 will be their 30th year of trading.

Tenfold increase in annual investment allowance

The shock announcement of the Autumn Statement was the tenfold increase in the amount of the Annual Investment Allowance (AIA).

VAT returns deadline

From 9 January 2013 HMRC will be embarking on a new campaign to chase businesses with outstanding VAT returns. Failure to submit a VAT return is an offence and penalties may be issued, in addition to the VAT you already owe.

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