george osborne
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage,… Read more »
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The Chartered Institute of Taxation (CIOT) has welcomed the confirmation by the Chancellor of the decision to introduce an ‘above the line’ research and development (R&D) tax credit in Finance Bill 2013. The CIOT has previously said that an ‘above the line’ tax credit system will provide a far stronger incentive for businesses to invest in R&D.
Commenting on the Chancellor’s announcement of a further increase in the income tax personal allowance, Robin Williamson, Technical Director of the Low Incomes Tax Reform Group (LITRG), said:
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