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From the 7th January 2013 The Government will introduce the new High income child benefit tax charge (HICBC).  The Government’s plans will means test child benefit, taking it away from tax payers earning over £60K and tapering it where income lies between £50-60K.  Child benefit...

On 13th July 2012, the Bank of England and HM Treasury launched the Funding for Lending Scheme (FLS) to boost the incentive for banks and building societies to lend to UK households and non-financial companies, thus to spur economic growth.   Why is FLS being launched? With the...

What is Real Time Information (RTI)? RTI is a new system that's being introduced by HMRC to improve the operation of Pay as You Earn (PAYE). PAYE information will be collected more regularly, easily and efficiently when employers submit their regular payroll submissions. It is anticipated...

According to the latest Business confidence monitor (ICAEW), confidence has improved significantly in the last 3 months, suggesting a return to growth.  Exports are 4.1% higher than this time last year however companies expect capital investment to grow by only 1.4%, so it’s a mixed...

In November 2011, a £21 billion package of credit easing measures to help SMEs to promote growth announced by the Chancellor at the Autumn Statement. This package consists of two channels: the Business Finance Partnership (BFP) and the National Loan Guarantee Scheme (NLGS). BFP The government would...

The Enterprise Investment Scheme has been around since April 2009, helping small higher risk trading companies raise finance by providing incentive to investors by way of tax reliefs. However there is a new scheme called the Seed Enterprise Investment Scheme (SEIS) that will come into...

For another year the Chancellor has been tasked with delivering the government’s plans to restore the country to financial good health whilst juggling the need to continue with austerity cuts, maintain the tax take and keep the voters happy. Naturally my interest is drawn to...