MK5 Golf GTI

General => Random Chat => Topic started by: berg on March 21, 2013, 01:11:50 pm

Title: Budget highlights -whoooo
Post by: berg on March 21, 2013, 01:11:50 pm
•   The personal allowance will be increased to £10,000 in 2014/15, and the higher rate threshold by £415 to £41,865.
•   A new tax-free childcare scheme, from autumn 2015, to provide 20% of childcare costs up to £6,000 per child per year, for children under the age of 1
•   The new single-tier pension will now be introduced from April 2016.
•   An Employment Allowance of £2,000 for businesses and charities to set against their employer NICs from April 2014.
•   A single rate of corporation tax of 20% for companies from April 2015.
•   Stamp duty is to be abolished for shares listed on exchanges (e.g. AIM) from April 2014.
•   A limited one year extension of CGT reinvestment relief for Seed Enterprise Investment Schemes.
•   Measures to increase the supply of low-deposit mortgages for credit-worthy households including a government-backed mortgage guarantee scheme from January 2014.
•   Specific anti-avoidance measures alongside the new General Anti-Abuse Rule (GAAR).