| 1 |
Due date for payment of Corporation Tax for period ended 30 June 2007, for those companies not liable to pay their liability by instalments. |
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First year allowance for capital allowances replaced by a new £50,000 annual investment allowance. Writing down allowances for plant and machinery reduced from 25% to 20% (subject to transitional rules). Integral fixtures (equipment attached to buildings) for companies. |
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| 5 |
Last day of 2007/08 tax year. |
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Last day to use the 2007/08 capital gains tax exemption of £9,200. |
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Last day to use the 2007/08 ISA investment limit of £7,000. |
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Last day to utilise 2007/08 inheritance tax exemptions. |
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Taper relief for business and non business assets is withdrawn as also is indexation allowance. |
