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Tax updates

Budget 2011: Personal tax allowance lifted

Today's Budget lifted the level of personal tax allowance, proposed a merger of National Insurance and income tax and set out plans to

Budget 2011: Corporation tax cut by 2 per cent

In chancellor George Osborne 2011 Budget statement he declared ‘Britain is open for business’ and announced he is cutting corporation

2011 Budget: Tax updates

The recommendation by the Office of Tax Simplification (OTS) to abolish community investment tax relief has been ignored.

Osborne reconsidering tax breaks for computer games industry

UK computer and video games pundits have become excited on news that Chancellor George Osborne was "reconsidering" tax breaks for the industry.

Statutory payment rates for 2011-12

HMRC has now announced new rates for Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), Ordinary Statutory Paternity Pay (OSPP), Additional Statutory Paternity Pay (ASPP) and Statutory Adopti

Corporation Tax Update: Online Filing Alert

HMRC has recently announced changes to online filing of company tax returns and payment of corporation tax.

Businesses could face a higher rate of stamp duty land tax

Small and medium businesses (SMEs) have been warned to finalise quickly any purchase of more expensive properties or face an increased stamp duty land tax (SDLT).

VAT rise hits business cash flow

Almost a third of small businesses say they will need extra funding to cope with the increase in VAT, a study finds. According to research from new bank

Tax changes for 2011–12: National insurance

The level of earnings (primary threshold) up to which no Class 1 national insurance contributions are paid will increase to £7,228 (£139 a week) in 2011–12.

Business Tax Changes for 2011

The main rate of VAT was increased to 20 per cent from 4 January 2011. Rates and thresholds for the flat-rate scheme were also increased.

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