News & Events
2012 Budget - Piper Hulse Commentary
21st March 2012
Piper Hulse Commentary
Overall a neutral budget, with tax cuts funded by increases elsewhere, in which the key elements were widely signposted and talked about in the previous few weeks and in many cases past few years.
The cut in the 50% tax rate was widely expected given the global competitiveness of this rate and the lack of extra tax it has earned in practice with many wealthy avoiding this tax. The largest ever increase in personal allowances to £9,205 in April 2013 takes us close to the coalition’s long stated aim of a £10,000 limit – “one step away” says Danny Alexander; perhaps in April 2014.
Another reduction in the main rate of Corporation Tax to 24% from April 2012 and to 22% by 2014; this is an implementation of a previously announced intention. No changes in the smaller companies rate (20%).
Read on for the highlights I’ve selected and call me if you would like to discuss the impact on you and your business.
Tim Hulse
Director, Piper Hulse Accountancy & Business Advisory
21st March 2012
Piper Hulse On The Move As Marathon Man Tim Raises Thousands Of Pounds For Charity
Guests helped to raise £4,000 for the Support Dogs charity as accountancy practice Piper Hulse celebrated a move into new offices.
Tim Hulse launched the firm in his home town of Eccleshall 18 months ago.
Now the business has cemented its commitment to the Staffordshire town by opening a larger office on Eccleshall's High Street.
