Archive for February, 2012

ESC C16 Deadline 1st March 2012

Directors of small businesses who want to wind-up their company and distribute surplus funds to shareholders have just over two weeks to take advantage of a tax break. Further to our earlier article on the proposed changes https://www.primusblog.co.uk/?p=388 we can now confirm the following changes. The ESC C16 tax concession – whereby money from a wound-up company […]

HMRC’s Electricians’ Tax Safe Plan

If you are working in the electrical industry, have not told HM Revenue & Customs (HMRC) about all your income and now want to get your tax affairs back on track, use the Electricians’ Tax Safe Plan (ETSP). An electrician is anyone who installs, maintains and tests electrical systems, equipment and appliances under stringent safety […]

Reduction in Annual Investment Allowance

Reduction in Annual Investment Allowance In April the annual investment allowance (AIA) for the cost of equipment will be significantly reduced from £100,000 to just £25,000. From 1st April for companies and 6th April for other businesses, the amount of AIA that can be claimed on the cost of buying equipment will fall from £100,000 […]