CURRENT ISSUES

Budget

The Budget Report on 23 March 2011 raised a number of issues. The main points are:

• The main rate of corporation tax to be reduced to 23% by 1 April 2014.
• The Chancellor announced the Government’s intention to “integrate the operation of income tax and national insurance contributions”.
• The mileage allowance for those using their own cars for business travel will increase from 40p per mile to 45p per mile for the first 10,000 miles in a tax year from 6 April 2011.
  The rate for mileage above 10,000 miles remains at 25p per mile.

Please contact Gort & March for an initial FREE appointment to review your financial requirements.