The most important bulletins on behalf of all businesses are available below. These are followed by a list of all bulletins which might be of importance to establishments.

Main announcements

Business Tax charges Monetary Years 2012, 2013 and 2014

Powers will be announced in Finance Bill 2012 to drive down:

the major charge of Corporation Tax for non ring fence gains to 24 per cent for the Monetary Year beginning 1 April 2012

the major charge of Corporation Tax for non ring fence profits to 23 per cent for the Fiscal Year beginning 1 April 2013

Finance Bill 2012 also models the lesser income tax at 20 per cent for the Monetary Year commencing 1 April 2012.

Powers will be launched in Finance Bill 2013 to cut down the major charge of Corporation Tax for non ring fence earnings to 22 per cent for the Fiscal Year beginning 1 April 2014.

Corporation Tax: major rate

Tax overview for small establishments

Following the Office of Tax Simplification examination of small firm taxation, the government will consult on initiating a voluntary cash flow base for unincorporated businesses up to the VAT registration baseline, with a view to initiating legislation in Finance Bill 2013. It will additionally consult on a simplified charges arrangement for business use of vehicles, motorbikes and residence. As a final point, the government will also consult on proposals to introduce a disincorporation reduction. The consultation will look at the potential petition for such a relief not to mention the practicalities of how it will act.

Making tax less demanding, quicker and simpler for small business

Small companies make a essential input to the United kingdom economy. A document published at the moment entitled 'Making tax easier, quicker and simpler for small businesses', sets out how the Government and HMRC are making the tax scheme simpler and easier for small companies to appreciate and simpler to handle. It responds to the Office of Tax Simplification's latest details on small business taxation, and defines proposed adjustments to the tax rules and a number of HMRC initiatives that will make the tax classification convenient, quicker and simpler for SMEs.

Making tax convenient, quicker and simpler for small firms

Seed Enterprise Investment Scheme (SEIS)

As announced in the Autumn Statement 2011, legislation will be included in Finance Bill 2012 to pioneer a new Seed Enterprise Investment Scheme. Subsequent investigation, changes have been made to the laws to enable corporations:

- to meet the requirements if they possess subsidiaries

- to resolve eligibility by indication to the period of any industry rather than to the age of the company

- to do away with reference to the worth of other entities in calculating asset and staff assessments

- to enable preceding (but not current) staff to meet the criteria

- to allow shareholders who have qualified under SEIS to carry on to qualify under EIS, subject to time restrictions

Broad guidance has been published on the HMRC Internet site

Patent box

Legislation will be launched in Finance Bill 2012 to enable organizations to designate to apply a 10 per cent Corporation Tax rate to a part of earnings attributable to patent and certain other qualifying intellectual property from 1 April 2013. In the initial year this share will be 60 per cent and escalate yearly to 100 per cent from April 2017.

Corporation Tax reform: Patent box

Corporation Tax reliefs for the innovative sector

The government will institute Corporation Tax reliefs for the manufacture of culturally British video games, television simulation programmes and high-end television productions. Investigation on the blueprint will take place during the summer season. Laws are going to be in Finance Bill 2013 and will have effect from 1 April 2013, subject to State help approval.