Research and Development allowances

A small change has been made to an anti-avoidance provision introduced in last year’s Budget. Non-trading companies might incur expenditure, for bona-fide reasons, on Research and Development. Research and Development allowances (RDA) might be claimed in the future by...

The end of the road for tax avoidance schemes

A small change has been made to an anti-avoidance provision introduced in last year’s Budget. Non-trading companies might incur expenditure, for bona-fide reasons, on Research and Development. Research and Development allowances (RDA) might be claimed in the future by...

Annual Investment Allowance increased to £500,000

One of the very exciting announcements of the chancellors 2014 budget this morning was the increase of the Annual Investment Allowance to £500,000 to the end of 2015. The Annual Investment Allowance, introduced in 2008 was initially cut by the coalition from £100,000...

Major pension reforms announced

The chancellor has delivered the most liberating budget for pensioners in recent times. The greater freedom introduced will not only allow individuals to tailor their pension access but will also release the shackles of annuities and restrictive pension income levels,...