The government will deliver permanent reductions in spending, using the savings to fund infrastructure investment and support social mobility, HM Treasury announced in today’s autumn statement.
The Pensions Act 2008 will introduce major changes to workplace arrangements from October 2012. Robert Woodward considers how to mitigate additional costs using salary-sacrifice arrangements.
Tax relief for British films will be extended until the end of December 2015, HM Treasury announced folllowing receipt of EC state aid approval. The design of the scheme remains unchanged.
Three quarters of private businesses interviewed by PwC for a recent survey said the UK tax regime was unsupportive of enterprise, the firm announced.
Around 6m children are eligible for a Junior ISA, available from 1 November at a range of high street institutions, HM Treasury said.
A 200-strong team of investigators and specialists is targeting ‘wealthy tax cheats’ who own property abroad, HMRC said. Danny Alexander, the Chief Secretary to the Treasury, announced the creation of the ‘affluent’ unit at the recent Liberal Democrat conference.
Following a recent HMRC briefing for professional advisers, Aileen Barry reviews the terms of the draft UK/Swiss Agreement, speculates as to how HMRC will interpret it and how the Swiss banks will implement it, and considers what the actual outcome will be
John Endacott provides a review of recent developments, including the new higher late filing penalty, plus the Swiss deal and the LDF
The annual subscription limit for an Individual Savings Accounts (ISA) will increase to £11,280 – up to half of which can be saved in a cash ISA – from April 2012, HM Treasury announced.
The Finance Act 2011, Section 42 (Appointed Day) Order, SI 2011/2459, appoints 13 October 2011 as the day on which FA 2011 s 42 (enterprise investment scheme: amount of relief) comes into force.