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:
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.
KPMG has noted that only 13% of respondents in a survey of large businesses operating in the UK said the 50% rate of income tax was proving a barrier to attracting senior talent, compared to 80% who anticipated difficulty when asked in 2009.
John Endacott highlights key developments in the private client tax arena.
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.
Roll-over relief is a valuable relief for businesses but the legislation is complex in parts. Paula Tallon examines some of the basic requirements and highlights some planning opportunities.