Headlines from our latest newsletter. Please click on any of the links below for more information :
IT TAKES A TEAM TO PICK A PLUM
We are pleased to announce that Walker Thompson has recently assisted in the arrangements for the sale of Coventry IT company Plum Software Ltd to Australian based software specialist Praemium
George Osborne presented the final Budget of this Parliament on Wednesday 18 March 2015
For those born after 5 April 1938 the personal allowance will be increased to £10,600. For those born before 6 April 1938 the personal allowance remains at £10,660
The basic rate of tax is currently 20%. The band of income taxable at this rate is being decreased from £31,865 to £31,785 so that the threshold at which the 40% band applies will rise from £41,865 to £42,385 for those who are entitled to the full basic personal allowance
From 6 April 2015, the maximum amount of an eligible individual’s savings income that can qualify for the starting rate of tax for savings will be increased from £2,880 to £5,000, and this starting rate will be reduced from 10% to 0%
The Chancellor announced that the personal allowance will be increased to £10,800 in 2016/17 and to £11,000 in 2017/18
The Chancellor announced that legislation will be introduced in a future Finance Bill to apply a Personal Savings Allowance to income such as bank and building society interest from 6 April 2016
The government has announced the introduction of a new type of ISA, the Help to Buy ISA, which will provide a tax free savings account for first time buyers wishing to save for a home
The Chancellor has announced a new flexibility for people who have already purchased an annuity
The National Minimum Wage (NMW) is a minimum amount per hour that most workers in the UK are entitled to be paid
The Pensions Regulator (TPR) has launched a new step-by-step guide to help small businesses get ready for their automatic enrolment duties
The government has launched a wide-ranging review of national business rates in England
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