News and the latest developments at HMRC

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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Chancellors Budget 21.3.2012

Income Tax – for 2012/13 the personal allowances increase to £8,105 for those aged under 65, £10,500 for 65-74’s and £10,660 for those 75 and above. The age allowance limit is increased to £25,400, if income exceeds

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Tax Planning – Capital Expenditure

Just a reminder that the annual investment allowance (allowing 100% claim in year 1) on capital equipment (excluding cars) reduces from £100,000 to £25,000 with effect from April 2012. If you are therefore planning on purchasing

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