London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Tax cuts for businesses in 2014-15

HMRC has issued a summary of (the favourable) tax changes coming into effect this year.  These include:

  • Cutting corporation tax from 23% to 21% from 1 April 2014 and to 20% in April 2015.Just to remind you, it was 28% in 2010.
  • Increasing the Annual Investment Allowance (100% relief on qualifying capital spend) to £500,000 from 1 April 2014 to December 2015.
  • Granting the employment allowance giving a cut in employer National Insurance Contributions up to £2,000.

This, at least, is good news.






















Date: 17th April, 2014
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Football #finance short-term cost control, profitability and sustainability @mercerhole Andy Turner sheds light on……

Lisa Spearman, Private Client Partner updates on 'Changes to Main Residence Relief from Capital Gains Tax'……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn