Capital gains tax changes are a foot. The impact of these changes can be significant, particularly on gains on asset sales or transfers on assets that have been owned for a number of years. There is still time for planning to be considered. If you are concerned please give us a call.

Capital allowances increase and reduce!! From April this year the initial allowance given on plant and machinery increases to 100% for expenditure up to £50,000 but the ongoing Written down allowance reduces. The abolition of buildings allowances starts on a sliding scale from the same date.

MILEAGE ALLOWANCES..MORE FOR LESS?
The Inland Revenue have published a discussion document regarding approved mileage allowance payments (AMAPs) with the view to promoting
environmentally-friendly business travel. The underlying principle appears
to be a larger tax-free allowance for lower emissions.

Consumer price inflation fell to 2.8% in April 2007.

Bank base rate has reduced to 5.25% following the recent reductions in the USA.

In view of the state of the world economies and uncertainties over interest rates it is now more important than ever that sound financial advice is sought.

Jackson Robson Licence is the trading name of Jackson Robson Licence
Limited, registered in England, No 05941751, registered office 33-35
Exchange Street, Driffield, East Yorkshire YO25 6LL