Talk to us today:   01327 810373

  • Home
  • KRW News
  • KRW Tax News

KRW Tax news

21 March 2013

Personal allowance to increase to £9,440 from April 2013

on Thursday, 21 March 2013.

This is £235 higher than the figure originally proposed in March’s Budget and brings the coalition ever closer to its pledge of an eventual tax-free personal allowance of £10,000. It represents an increase of £1,335 over the current personal allowance of £8,105.

21 March 2013

Consultation on disguised employment via LLPs announced

on Thursday, 21 March 2013.

As part of an overall drive to reduce tax avoidance and evasion, details emerged of a consultation which intends to remove the presumption of self-employment for LLP members, in a bid to tackle the disguising of employment relationships through LLPs to achieve a tax/NIC advantage. We’ll bring you more on this subject in due course.

21 March 2013

Disincorporation relief to provide corporation tax exemption

on Thursday, 21 March 2013.

A new disincorporation relief will be introduced in April 2013 and will be available for a period of five years. It will allow companies with total qualifying assets not exceeding £100,000 to transfer goodwill and/or an interest in land to its shareholders with no Corporation Tax charge arising.

21 March 2013

Further tax benefits for employee shareholders announced

on Thursday, 21 March 2013.

In September 2013 an ‘employee shareholder’ status is being introduced whereby employees can be given shares worth at least £2,000 in the company they work for, in return for which they give up certain employment rights. It was confirmed in the Budget that the first £2,000 of shares given to an employee will be exempt from PAYE/NIC. This is in addition to the Capital Gains Tax exemption for the first £50,000 of capital gains made on the sale of such shares.

21 March 2013

50% Capital gains holiday where gains reinvested in SEIS shares

on Thursday, 21 March 2013.

The existing 50% Capital Gains Tax relief for gains reinvested into small start-up companies through the Seed Enterprise Investment Scheme (SEIS) will be extended to cover capital gains made in the 2013/14 tax year that are reinvested in SEIS shares in either 2013/14 or 2014/15. This is in addition to the ongoing 50% income tax relief for qualifying SEIS investments.
<<  21 22 23 24 25 [2627 28 29 30  >>  

Contact KRW

KRW Accountants
The Mill, Pury Hill Business Park
Alderton Road, Towcester
Northants, NN12 7LS

emailmail@krwaccountants.co.uk

phone01327 810373

Members of

icaew logo  chartered     

Connect with KRW

twitter    linked in    rss    facebook