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Income Tax

New amounts effective from 1 December 2012
80% of problems caused by bad info, warn HMRC
AIA up tenfold for plant and machinery
By Sarah Bradford; £58.50
Bank levy and patent royalties also targeted
Lifetime limit for tax relief down to £1.25m from 2014/15
Taxman’s IR35 approach is sufficient, says government
Treasury will look at reducing income tax and NI liabilities
HMRC concedes point to farmers' union
Among other business and employment activities, a client is also a part-time self-employed lorry driver working for various businesses in different locations
A management team is anticipating large rewards in a company buyout. CHRIS CHAPPLE looks at potential problems and their solutions
CIOT: errors in full-payment entries should apply only at end
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