The annual investment allowance (AIA), which allows businesses to claim full tax relief on most plant and machinery expenditure, has now been reduced from £100,000 to £25,000.
Reduction in annual investment allowance
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Pension auto enrolment details confirmed
The Government has confirmed details regarding automatic pension enrolment thresholds, which are to be aligned with tax and national insurance contributions, and automatic enrolment dates.
National minimum wage to increase
The Government has confirmed that the national minimum wage (NMW) will increase after accepting recommendations from the independent Low Pay Commission’s (LPC) report.
Changes to reimbursing additional household expenses
HMRC has announced it will increase the guideline rate which employers can use to reimburse employees for additional household expenses.
Details of HMRC’s latest tax avoidance campaigns
HMRC has revealed details of its latest tax avoidance campaigns.
Preview of the 2012/13 tax rates and allowances
A preview of the 2012/13 tax rates and allowances.
New online VAT filing rules
From 1 April 2012 all VAT registered businesses will have to submit VAT returns online and pay and VAT due electronically too.
New advisory fuel rates for September 2011
HM Revenue and Customs (HMRC) has published the latest advisory fuel rates for company cars.
Tax authorities warn of bank account changes
HM Revenue and Customs (HMRC) has reminded taxpayers of changes to its bank account.
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