Welcome to our autumn newsletter

Before the Emergency Budget took place in June there was much speculation about what the coalition tax plans would be. Our newsletter takes a closer look at some of the measures announced and thankfully it wasn’t all bad news!

The good news was the rise in Entrepreneurs’ Relief from £2m to £5m. Not so good news was the rise in Capital Gains Tax from 18% to 28%, which was better than the 50% rumours circulating prior to the Budget, and the abolition of government contributions to Child Trust Funds. You will find articles covering all of these announcements in the newsletter.

Also in the Emergency Budget, yet more changes are planned for capital allowances so we have summarised what this may mean for businesses buying new assets in the future. As maximising tax relief on business costs is always an area of interest we highlight a recent case involving Plymouth Albion Rugby Football Club on sponsorship as this is often an area of HMRC challenge and maybe something you already do or are considering.

For the employer this edition looks at some areas of interest to employers including amended HMRC guidance on the topical issue of PAYE penalties and providing benefits in connection with health care for employees.

Please contact us if you have any questions regarding any of the articles or tax planning tips we have included in our newsletter or if you would like further information on a topic we haven’t covered. Your views are always important to us and we would welcome any feedback you could give us.

Raising revenue

All rise - CGT is now in transition

Raiding the piggy bank

War on Wages

HMRC amend PAYE penalties guidance

To perk you up!

Time to spend?

Securing 10% capital gains tax

HMRC not a good sport!

Integra Accounting Limited is registered in England and Wales. Registration number: 5391227.
Registered office address: 5 Station Road, Hinckley, Leicestershire LE10 1AW

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