Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones are summarised here. Please use the left hand navigation to view the tax rates that are relevant to you.
We are sure that you will find it a useful point of reference throughout the coming tax year but if you have any questions please contact us.
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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Hot on the heels of an announcement from HMRC that a “Memorandum of Understanding” had been agreed with the government of the Isle of Man, it has now been revealed that a deal with Guernsey is also close to being finalised.
UK consumers are suffering under some of the highest levels of consumption and sales taxes in the G8*, according to our new research.
The biggest increases in tax have fallen very clearly on higher earners. They will face more than £5.5billion in extra taxes over the next five years as a result of the Autumn Statement 2012.
