Personal Tax The threshold at which people pay 40% tax will rise from £42,385 to £45,000 in April 2017. Tax-free personal allowance rising to £11,500 in April 2017 0.5% rise in insurance premium tax. Capital Gains Tax Capital Gains Tax to be cut from 28% to 20%, and from 18%...
Below are the key points from George Osborne’s 2015 summer budget in relation to businesses and personal tax changes. Businesses Corporation Tax will be cut from its current rate of 20% to 19% in 2017 and 18% in 2020. National Insurance employment allowance for small firms to be...
If you are thinking about setting up a charity, we recommend taking a look through our slides for an overview of everything you need to know. [embeddoc url="https://numbergeek.com/wp-content/uploads/2015/05/Need-to-know-setting-up-a-Charity1.pptx" height="500px" viewer="microsoft"]...
Whether you are an independent Film Maker or an investor looking to diversify your portfolio; here are a few slides that can provide you with a comprehensive overview of the tax relief that may be available to you. [embeddoc url="https://numbergeek.com/wp-content/uploads/2015/05/Investing-in-Film.pptx" height="500px" viewer="microsoft"]...
Below is a summary of George Osborne’s 2015 budget, who promised a “No giveaways, no gimmicks” budget. Income tax The tax-free personal allowance to rise from £10,600 in 2015-6 to £10,800 in 2016-7 and £11,000 in 2017-8. The threshold at which people start paying 40p income tax to...
A few brief slides outlining the changes to EU VAT registration for suppliers of Broadcasting, Telecommunications and Electronic (BTE) Services from the 1st January 2015. [embeddoc url="https://numbergeek.com/wp-content/uploads/2015/01/EU-VAT-changes-1.1.2015.pptx" height="600px" viewer="microsoft"] For more detailed information see: https://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/how_vat_works/telecom/explanatory_notes_2015_en.pdf...
In the face of disappointment at failing to deliver on the coalition's defining mission of eliminating the structural deficit by 2015, George Osborne’s Autumn Statement was anticipated with a fair amount of cynicism and a lot more excitement surrounding the odds on his choice of...
Below is a summary of George Osborne’s latest budget, he describes the budget as “a budget for people who aspire to work hard and get on" with 'Savers at centre of Budget' Fuel duty The fuel duty rise that was planned for September has been scrapped. Alcohol duty The...
The Renminbi The gradual emergence of the renminbi (The official currency of the People’s Republic of China) has been one of the more significant developments to occur in the wake of the world recession. It is now accountable for 2.2% of all foreign exchange transactions....
Key Features Employers are required to make secondary Class 1 national insurance contributions (NICs) for their employees. From April 2014 every UK business will be allowed an annual employment allowance of £2,000 to offset against their employer NIC liability. This allowance will be mainly beneficial to small...