Budget 2011 - how does it affect your business and employees? Tearle & Carver Accountants in Buckingham have summarised a number of areas that you will find useful.
Business Mileage Allowance: Increased to 45p per mile for the first 10,000 miles from 6th April 2011.
Corporation Tax Rate: Decreased by 2%
Taxable Threshold for VAT: Increased from £70,000 to £73,000 from 1st April 2011
Advisory Fuel Rates for company cars: Alterred from 1st March, to reflect increased fuel costs.
For more detail on the above areas and more click here.
28th February 2012