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From 1 April 2015

The tax road aheadCorporation tax cut to...

Increased business rate support forshops, pubs, cafés and restaurants as retail discount is raised to...

No National Insurance Contributions forunder 21s

Relief availablefor qualifyingR&D expenditure for SMEs rises to...

Amount of a bank’s annual profit that can be offset by carried-forward losses limited to...

Tax relief for children’s TV production Diverted Profits Tax starts25%

£1,500

£71

50%

0.21%

From 6 April 2015

Bank levy rises to...

230%

Cheaper long-haul flights for passengers travelling over 4,000 miles. Air passenger duty to rise to...

Individuals no longer obliged to buy an annuity and can access their defined contribution pension flexibly

New bands for Annual Tax on Enveloped Dwellings

Travel expenses paid to councillors by their local authorities will be exempt from Income Tax and employee NIC

THE CONSTRUCTION INDUSTRY SCHEME: Businesses will be allowed earlier repayment to liquidators in insolvency proceedings

Share scheme rulesfor expatriate employees now subject to UK income tax changes

Employment intermediaries to report on all workers they

place where they don’t operate PAYE

• The nil return obligation will be amended• Joint ventures (where there is already one member with a gross status) will be allowed easier access to a gross pay status

2

New rates taken from HM Treasury website, 26 March 2015.

20%