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Stay up to date with everything going on in the business world with our news and updates. Filter by topic to find the news that’s most relevant to you – we’ll cover everything from personal tax and savings to current affairs and business regulation.
Employer annual return deadline on the horizon
HMRC has issued a written reminder to UK businesses to submit their 2011/12 annual returns to HMRC by the 19 May.
Reduction in annual investment allowance
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.
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.
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