Monthly Archives: April 2015
Annual Investment Allowance
The most generous tax allowance presently available to businesses that encourages direct investment in new plant, equipment and commercial vehicles, is the Annual Investment Allowance (AIA). If you buy qualifying assets you can write off the expenditure against your taxable … Continue reading
Queens Award for Enterprise 2015
All of this year’s (2015) winners are UK businesses leading the way in international trade, innovation and sustainable development in a broad range of sectors including car manufacturing, education, software design and fashion. The Department for Business, Innovation and Skills … Continue reading
A few miscellaneous effects of holding ISAs
If you move abroad If you open an Individual Savings Account (ISA) in the UK and then move abroad, you can’t put money into it after you move (unless you’re a Crown employee working overseas or their spouse or civil … Continue reading
Black taxis urged to go green
On 26 March 2015 the government announced a new initiative to support taxi owners to convert to lower emission vehicles. The initiative is £45 million to support the rollout of greener taxis. A £20 million fund will be made available … Continue reading
Emergency tax codes
You’re on an emergency tax code if your payslip says your tax code is one of the following: 1060L W1 1060L M1 1060L X Emergency tax codes are temporary. While you’re on an emergency tax code, you pay tax on … Continue reading