| Standard rate | 20% |
| Reduced rate | 5% |
| Annual Registration Limit - from 1.4.12 (1.4.11 - 31.3.12 £73,000) | £77,000 |
| Annual Deregistration Limit - from 1.4.12 (1.4.11 - 31.3.12 £71,000) | £75,000 |
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| Standard rate | 20% |
| Reduced rate | 5% |
| Annual Registration Limit - from 1.4.12 (1.4.11 - 31.3.12 £73,000) | £77,000 |
| Annual Deregistration Limit - from 1.4.12 (1.4.11 - 31.3.12 £71,000) | £75,000 |
The amount of money put into ISAs has fallen for the first time ever. The total amount of new subscriptions into ISAs in 2011-12 dropped to £53.5billion, down from £53.
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The number of businesses that have requested a National Insurance Contribution holiday plummeted to a new low of 400 in December 2012, down 44% from the 710 applications made in the same month the year before. This is the lowest take up of the scheme since January 2011 – just after the scheme launched – and less than a fifth of the 2,235 applications received at the scheme’s peak in October 2011.
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Under the terms of the UK-Swiss Tax Agreement, UK-resident account holders need to act before the banks' 31 May deadline in order to avoid the one-off charge being automatically applied as a default option.
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The value of Corporation Tax refunds paid out by HMRC leapt by £2bn last year to £7bn, up 40% from £5bn the year before. Tax partner in London, Roy Maugham, comments.
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The number of companies leaving AIM is now at its lowest level since the financial crisis as only 14 companies left in Q1 of 2013, according to our research.
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Businesses are losing out as HMRC’s internal VAT decision review process appears to be making decisions increasingly in HMRC’s favour,
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Budget changes to crack down on inheritance tax avoidance schemes will actually hit individuals who borrow against their homes to fund business investments.
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George Osborne presented his Budget on Wednesday 20 March 2013 and there were few surprises. Amongst the detail there were some announcements which affect the charity and not-for-profit sector, and these have generally been warmly received by sector leaders.
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Our newsletter for SMEs gives a run-down of the latest tax, payroll, HR and general business news for small and medium-sized businesses.
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Why UHY? outlines the reasons why we believe UHY is the perfect partner to do international business with.
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UHY is a world leader in audit, accounting, tax and business advisory services. Download the UHY Global Directory for more information about our global offices and resources.
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This issue of the UHY Financial Planning update covers a series of articles including how to make the most of your tax relief, allowances and exemptions, information on the increase of the limit on income drawdown and a warning to watch out for pension fraudsters due to a recent pension scam.
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Download George Osborne's Budget presented on Wednesday 20 March 2013.
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A summary of all the tax rates for 2013/2014 as set in the Chancellor's Budget on 20 March 2013.
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