Latest News

March 2014

New tax-free childcare scheme

The Government has announced details of the new Tax-Free Childcare scheme which is to be launched autumn 2015.

Doubling of the annual investment allowance

The Annual Investment Allowance (AIA) provides a 100% deduction for the cost of most plant and machinery (not cars) purchased by a business up to an annual limit and is available to most businesses.

Changes to the ISA regime

From 6 April 2014 the overall ISA savings limit will be increased from £11,520 to £11,880 of which £5,940 can be invested in cash. From 1 July 2014 ISAs will be reformed into a simpler product, the 'New ISA' (NISA) and all existing ISAs will become NISAs.

Budget summary and tax rates

Please see our Budget summary of the main changes that will quickly bring you up to speed and hopefully be a lighter read than the hundreds of pages of government and HMRC press releases.

PAYE end of year approaching

HMRC are reminding employers that with the end of the 2013/14 tax year approaching they will soon need to make their final 2013/14 PAYE (RTI) submission.

1 2