HMRC has kindly published a list of the tax changes that affect individuals from 6th April 2015. We have reproduced the list below. Individuals over the age of 55 have flexible access to their defined contribution pension savings The Income Tax Personal Allowance increases to £10,600 The higher rate Income Tax threshold increases to £42,385 […]
Monthly Archives: May 2015
If you pay your employees a mileage rate for the business use of their personal vehicles, as long as you do not exceed the approved rates per mile, there is no necessity to report these payments to HMRC and the payment will not be treated as a taxable benefit. Employers and employees may also find […]
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