Monthly Archives: March 2014

Having spent many years building a business, entrepreneurs can still look forward to a maximum tax hit of just 10% when they sell their business, as long as they have organised their business affairs so that they qualify for the CGT Entrepreneurs’ Relief. Basically, you will need to demonstrate that you meet certain criteria for the year ending on the Continue Reading

The following announcements were posted to the GOV.UK website last month. They provide details of some of the compensation being offered to businesses affected by last month’s flooding across the UK:  Cash compensation  Measures include: A £5,000 repair and renewal grant for all affected householders and businesses. The aim is to top up money received from insurers to build in Continue Reading

The government has already published certain draft clauses for the Finance Bill 2014. We have listed below some of the more topical changes disclosed.  Changes for the tax year 2014-15:  Personal Tax: Individuals born after 5 April 1948 will be entitled to a personal tax allowance of £10,000. Employees will be able to increase the maximum value of shares acquired Continue Reading

For employers with between 50 and 249 employees auto-enrolment of employees into a pension scheme starts 1 April 2014. Smaller employers, under 50 employees, will need auto-enrol on a staged basis between 1 June 2015 and 1 April 2017. Employers who are still unclear what their responsibilities are under this new regulation should take a look at the Pensions Regulator Continue Reading