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VAT turnover threshold up to £54k

IFAs are set to benefit from changes to VAT and corporate tax. Firms with a turnover of up to £54,000 will be exempt from VAT while the Chancellor&#39s decision to make annual company accounts the basis for calculating tax will help cut costs. Armstrong Neal partner Gareth Fatchett says: “Most IFAs are currently commission-based and do not pay VAT but as more become fee-based post-N2 and pay VAT, this will help.”

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Tax move &#39stigmatises poor areas&#39

Chancellor Gordon Brown&#39s abolition of stamp duty on property transactions in deprived parts of the UK has been branded a “cheap giveaway”. The Treasury claims dropping stamp duty will revive depressed property markets and encourage families to live in disadvantaged areas. But mortgage experts say few houses in such areas would be worth over £60,000 […]

Corporation tax

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ABN AMRO selects UK opportunities

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