IN THIS ISSUE:
FEATURES
Another fiscally neutral budget!
Will you be a business finance adviser?
Has the Chancellor improved things?
GUIDANCE FOR YOU TO SHARE
Guide To... Budget 2012
Guides To... EIS, VCTs and R&D
BUSINESS
Anti-avoidance moves forward in UK
Capital allowances review
Employer asset-backed pension contributions
Strategic approach to tax avoidance progresses
Finance help for small business
Finance for small businesses: seed enterprise investment scheme
Venture capital trusts
UK and Switzerland tax agreement
IT’S PERSONAL
ESC Order effectively replaces ESC C16
Income tax rates and allowances
Reasonable excuse: recent decisions on late filing
More changes to tax credits
Inheritance tax highlights
Enterprise Investment Scheme tax reliefs
VAT
VAT threshold changes
VAT consultation round-up
CORPORATION TAX
Loan relationships
Controlled foreign companies: profit diversion targeted
Corporation tax update
OTHERS
All change for pensions
Stamp duty land tax on expensive homes
Scottish landfill tax
Updated engagement letters CD available in April
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VAT threshold changes

While there have been a number of changes to VAT rates over the past few years, this year only the headline rate changes.

The following is a round-up of the annual changes to the VAT thresholds. They will be effective from 1 April 2012.

The VAT registration threshold will increase to £77,000, this was previously £73,000. The deregistration threshold will increase to £75,000, this was previously £71,000.

The VAT registration and deregistration threshold for relevant acquisitions from other EU member states will also increase to £77,000, this was previously £73,000.

There were a number of consultations mentioned in the Budget; these can be found in the VAT Consultations note.
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