Professional News - March 2015

Our publication to keep you up to date with everything that is happening at Moore Thompson.

Budget brings more pension changes

People already taking retirement income through an annuity are to be given similar freedoms to access their cash as new retirees.


No penalties for short PAYE filing delays, says HMRC

Businesses have been given a three-day grace period for late filing of PAYE submissions under the Real Time Information reporting system.


VAT changes on way for prompt payers

A major change to the way businesses account for VAT on prompt payment discounts they offer to customers will take effect from 1 April 2015.


Lack of action on AIA ‘disappointing’

Business leaders have expressed their concern over uncertainty on the level of a key tax relief on investment.


Farm income averaging period extended

The National Farmers Union (NFU) has welcomed a 2015 Budget measure to help farmers face the challenges of volatile market conditions.


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