Tag Archive: 2013 Budget

  1. 2013 Budget: Treatment of VAT

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    This post outlines the latest treatment of VAT as highlighted in yesterday’s budget.

    The VAT registration threshold will rise from £77,000 to £79,000 and the deregistration threshold will increase from £75,000 to £77,000, both from 1 April 2013.

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  2. 2013 Budget: Implications for Business Owners

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    This post outlines the latest implications for business owners as highlighted in yesterday’s budget.

    Corporation tax (CT)

    The small profits rate of CT will remain at 20% from April 2013. From April 2015 the main rate and small profits rate of CT will be unified at 20%. The main rate will fall from 24% to 23% in April 2013 and to 21% in April 2014. The rate of bank levy will increase to 0.142% from 1 January 2014 to offset the main rate reduction.

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  3. 2013 Budget: Changes to Capital Gains Tax

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    This post discusses the latest changes to Capital Gains Tax as outlined in yesterday’s budget.

    Capital gains tax (CGT) annual exempt amount

    The annual exempt amount, currently £10,600, will rise to £10,900 for 2013/14, £11,000 for 2014/15 and £11,100 for 2015/16.

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  4. 2013 Budget: Implications for Individuals

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    Yesterday, the 2013 Budget was announced and this post looks specifically at the personal taxation changes in more depth. Read on to learn more about the implications to you. (more…)