The Tax Credits Act 2002 (Further Commencement and Transitional Provisions) Order, SI 2011/2910, defers to 31 December 2014 the abolition of certain benefits set to be replaced by child tax credit.
HMRC has updated its FAQs on the agreement signed on 6 October.
The telephone numbers for HMRC's tax credits helpline have been changed. The main number for tax credits queries is 0345 300 3900. The new textphone number is 0345 300 3909.
Callers will be still able to use the old numbers, beginning 0845, for about the next 18 months.
Leading tax professionals comment on the key draft measures
Details of the personal allowances and tax rates for 2012/13 have been published on HM Treasury’s website.
Paula Tallon discusses a dilemma facing many family businesses.
‘Britain’s savers are being urged to back start-up businesses and infrastructure projects through an “astonishing” increase in tax relief on venture-capital investments, and the channelling of pension contributions into building works.
The government has announced that it will: