Entrepreneurs’ relief
The amount of an individual’s capital gains that can qualify for Entrepreneurs’ Relief are currently subject to a lifetime limit of £1 million.
Inheritance tax nil rate band frozen
As previously announced, the nil rate band for 2010/11 will be frozen at the current level of £325,000.
Stamp duty land tax and first time home buyers
At present the Stamp Duty Land Tax rate is 1% for residential property purchases where the consideration is more than £125,000 but does not exceed £250,000.
Payment of VAT
HMRC are advising businesses that from 1 April 2010 all cheque payments by post will be treated as being received by HMRC on the date when cleared funds reach HMRC's bank account. This change does not affect any cheque payments made by Bank Giro.
Employer supported childcare
In 2009 the government announced changes to employer supported childcare and HMRC have now issued further guidance on the changes.
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