Newsletter
Spring 2012
Our article ‘The location lottery’ looks at Enterprise Zones, the latest Government initiative to drive growth and create jobs. There are conditions that need to be met and you may be interested to know more. In ‘ER success’, we also summarise the conditions that need to be met to benefit from Entrepreneurs’ Relief and the subsequent 10% tax rate.
The location lottery
Enterprise Zones (EZs) are part of the Government’s plans to reduce burdens on the private sector to enable it to drive growth and job creation...
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Swiss bank accounts targeted
HMRC will be writing to UK residents and organisations holding Swiss bank accounts with the HSBC bank in Geneva who may not have reported all of their income and gains...
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ER success
Entrepreneurs’ Relief (ER) was increased from April 2011 to charge qualifying gains of up to £10m per person at only a 10% rate of tax...
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Toolkit terrors
HMRC have issued a reminder about the various ‘toolkits’ they have developed to assist those who prepare returns. The toolkits highlight common errors and the steps that can be taken to reduce those errors...
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Small pension pots
In the Coalition Agreement, the Government made a commitment to explore the potential to allow individuals to access part of their personal pension fund early as part of the wider objective to encourage people to save and invest more...
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Tax credits – will the changes affect you?
The impact of a number of changes to tax credit entitlement have already been felt during 2011/12 but with the new tax year on the horizon, this article covers further changes ahead which may be more significant...
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Capital allowance catastrophe in April 2012
From 1 April 2011, the Government reduced the rates of corporation tax for all companies. However, in order to ‘pay’ for this reduction, the Government has proposed alterations to the capital allowances system for all businesses, not just companies, to take effect from April 2012...
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