19/03/2015
As announced last year, the main rate of Corporation Tax will fall from 21% to 20% for Financial Year 2015 (commencing 1 April 2015). There is no longer a separate rate for companies with small profits.
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19/03/2015
Rates of tax remain unchanged at 40% (death transfers) and 20% (lifetime chargeable transfers). In spite of some predictions that IHT relaxations might be announced in anticipation of the election, there were none.
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19/03/2015
The annual limit for ‘new ISAs’ was set at £15,000 from 1 July 2014. This rises to £15,240 for the tax year 2015/16.
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19/03/2015
As announced last year, employers’ NIC will also be reduced to zero from 6 April 2015 for employees aged under 21 on earnings up to £815pw. This will be extended to all apprentices a year later.
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