Firms news

Reduction in annual investment allowance

The annual investment allowance (AIA), which allows businesses to claim full tax relief on most plant and machinery expenditure, has now been reduced from £100,000 to £25,000.

Pension auto enrolment details confirmed

The Government has confirmed details regarding automatic pension enrolment thresholds, which are to be aligned with tax and national insurance contributions, and automatic enrolment dates.

National minimum wage to increase

The Government has confirmed that the national minimum wage (NMW) will increase after accepting recommendations from the independent Low Pay Commission's (LPC) report.

Changes to reimbursing additional household expenses

HMRC has announced it will increase the guideline rate which employers can use to reimburse employees for additional household expenses.

Details of HMRC's latest tax avoidance campaigns

HMRC has revealed details of its latest tax avoidance campaigns.

Preview of the 2012/13 tax rates and allowances

A preview of the 2012/13 tax rates and allowances.

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