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HMRC to cap tax reliefs
In an attempt to ensure that higher rate taxpayers make a reasonable contribution to UK tax revenues new legislation is to be introduced from 6 April 2013 that limits access to certain tax reliefs. Taxpayers will be denied relief(s) if the claim exceeds 25% of their income or £50,000, whichever is the greater. This will…
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MBO for Cat Tech International
Simom Chapman with the Cat Tech team, a specialist industrial services group that supports the global oil and chemical industries has been acquired in an MBO put together by Burgis & Bullock Corporate Finance Limited. Based in North Lincolnshire, Cat Tech International has operations in Sweden, Bulgaria, Singapore, Thailand and China. The group focuses on…
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Budget 2012
On 21 March 2012, the Chancellor delivered his ‘Budget for workers’. This theme brought an increase in the personal allowance to £9,205 and a reduction in top rate tax to 45p. Our Budget Summary 2012 addresses the main tax points. Enjoy and feel free to send us your comments and feedback. Budget 2012 Summary