The new 130% ‘super deduction’ for investment into plant and machinery could be very useful, but there are important points contained within the “small print” that require careful planning.
The following example, which has been prepared by HMRC, clearly shows the possible appeal of the new tax allowance.
A company spends £10m on qualifying assets.
[i] Under the previous system, the possible tax […]
We appreciate that business owners are short of time and want technical advice tailored to their needs, and so we invite you to get in touch to discuss how the Budget changes might affect you and your business.
In the meantime here is a brief summary of the business proposals.
1. Employers will welcome the extension Furlough for a further five months, […]
After last month’s budget, we at ad+ have been reviewing the Chancellor’s statement and the Budget documents to interpret the impact on our clients.
The good news is the further increase in the personal allowance and higher rate threshold, which has benefits for all. For business owners, the increase in Employment Allowances adds a further saving of £1,000 and the changes […]
The Chancellor’s 2015 Budget contained some important announcements and confirmed a number of changes planned for the new tax year.
We have put together a newsletter which contains the latest tax and financial information, which we trust you will find useful.
Topics covered include:
Business tax and investment incentives
The end of the traditional tax return
National insurance contributions
Pensions and savings
Value Added Tax
Income tax and […]