Submitted by
Sestini & Co | on Thu, 12/05/2013 - 16:46 | In
Uncategorized Tomorrow’s papers will be awash with tax rate tables and examples. In the meantime, here are a few at-a-glance facts and figures, some of which were announced today and some we already knew:
- The personal allowance will rise to £10,000 from April 2014;
- A transferable married couples’ allowance of £1,000 from April 2015
- The tax free allowance for CGT will rise to £11,000 for 2014/15 rising to £11,100 for 2015/16 and subsequent years;
- £1,000 business rates discount for retail businesses and a doubling of small business rate relief;
- a £500 tax exemption for employee health costs borne by employers
- annual pension contribution limit to drop from £50,000 to £40,000
- tax-free childcare (albeit subject to a cap) from April 2015
- all infant school children to receive free school meals from September
- £2,000 employment allowance available to small businesses from April 2014
- employer NIC exemption for the under-21’s from April 2015
If you would like any information on the above or how the proposed changes will impact you, do get in touch at info@sestiniandco.co.uk or by calling on 01761 241861.
