UHY Ross Brooke Chartered Accountants
In the 2014 Budget the chancellor announced that the tax credit available for loss-making small and medium-sized businesses (SMEs) involved in research and development will increase. From 1 April 2014 the rate of R&D payable tax credit for loss making small SMEs will be increased from 11 per cent to
Investments made within an ISA wrapper grow free of capital gains tax and income tax and because of the tax benefits are likely to be regarded as an important part of any savings plan. For years, ISA savers have complained that limits were too low and the ISA investment rules were
In yesterday’s surprise announcement the Chancellor announced that the Annual Investment Allowance (AIA) for capital expenditure will be doubled from £250,000 to £500,000 from 1 April 2014, for companies or 6 April 2014 for unincorporated businesses until 31 December 2015. The AIA will return to £25,000 after this date. This