Earlier this year George Osborne announced plans to withdraw child benefit in full from all higher rate tax payers. However, these changes were widely criticised as being unfair and he has now revised his original plan. From 7th January 2012 those who earn over £60,000 a year will lose their child benefit entirely, while people who […]
It’s certainly been an eventful couple of years since we first opened our doors for business in September 2010.
6th April saw the start of the new 2012/13 tax year. Here are the most significant changes and dates to be aware of. Personal Allowance aged 65 £8,105 aged 65 – 74 £10,500 aged 75 + £10,660 (Personal allowance abates on income above £100,000) Income Tax rates basic rate 20% up to £34,370 […]
The new government have introduced a number of measures designed to help the economy along, one of which was the Employer’s National Insurance (NI) holiday. But what is it and how can you get it? Summary In a nutshell, new businesses taking on staff can claim exemption from paying Employer’s NI. The businesses have to […]