News and the latest developments at HMRC

Chancellors Budget 20.3.13

Income tax – for 2013/14 the personal allowance increases to £9440 for those aged under 65, £10500 for 65-74’s, and £10660 for those aged 75 and over. The next £32010 will be subject to tax

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High Income Child Benefit Charge

The high income child benefit charge will be introduced from 7 January 2013. The charge will apply if you or your partner have individual income of more than £50,000 and one of you receives child

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Chancellors Autumn Statement – 5.12.2012

Some key points following the Autumn Statement are as follows: The annual investment allowance increases from £25,000 to £250,000 from 1.1.2013. This is the amount which attracts 100% tax relief in year one on expenditure on

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Real Time Information

The biggest change to payroll procedures for over 60 years will come into force from April 2013. Employers will be required to submit online to HMRC after each payroll run. Those employers who currently pay

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