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Guide to July 2015 Summer Budget
2015 guide to the budget including tax rates and allowances
Workplace Pension Schemes
Farmers
Company cars

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Guide to July 2015 Summer Budget

Guide to the July 2015 budget and tax rate and allowances have now been published in useful updates section. Take a look to see how the budget may affect you. If you need clarification on anything, please do not hesitate to contact me.

2015 guide to the budget including tax rates and allowances

2015 guide to the budget and tax rate and allowances have now been published in useful updates section. Take a look to see how the budget may affect you. If you need clarification on anything, please do not hesitate to contact me.

Workplace Pension Schemes

There is currently no requirement for employers to provide a pension scheme for their employees, or to make pension contributions on their behalf. But between 2012 and 2016 this is all going to change, and even employers with just one or two employees will find themselves subject to the new workplace pension scheme requirements which will operate on the basis of automatic enrolment.
 
 
Staging dates
Each employer will be allocated a staging date from when they will be required to comply with the new pension regulations, with dates being based on the number of employees in the employer’s PAYE scheme as at 1 April 2012.

Farmers

With the changes to capital allowances as from April 2012, being the reduction of the AIA from £100,000 to £25,000 and the reduction in the writing down allowance on the general rate pool to 18% and on the special rate pool to 8%, it will be important to consider de-pooling assets purchased after April 2011 into short life assets if the expected life of the asset is under 8 years
 

Company cars

From April 2013, the lowest emission rate will be 95g/km which will lead to most employees seeing a 1% of list price increase in there BIK.
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