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  PRE BUDGET REPORT

Economy to grow 1.75% this year; 2%-2.5% next year




Inflation on target to hit 2% through to 2007




Fiscal rules "will be met"; UK debt £36.5bn this year




Forecasts for borrowing for 2005-06 to 2009-2010 raised by   £17bn




Tax on North Sea oil doubled to 20%. Petrol duty frozen




REITS legislation to encourage investment in property development




Housing equity share schemes to be increased




£500m to meet council tax pressures; £580m for Iraq




UK business investment set to rise 3% and 3.5% next year




R&D tax credit to support "design talent"

THE BUDGET 2005

Stamp duty thresholds double to £120,000.



Inheritance tax currently starts being paid on estates worth £260,000 - that will rise to £275,000 this year, £285,000 next year and then to £300,000.



Income tax and national insurance to remain unchanged.



Petrol duty inflation rise postponed until 1 September due to high oil prices




company formations

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Business - Chartered Accountants



Welcome to Sigma Chartered Accountants

We are a firm of Chartered Accountants and Chartered Tax Advisors with a nationwide coverage.

We pride ourselves on delivering cost-effective, high value business solutions to all our customers. Our client-focused approach enables us to provide bespoke services in a professional, timely manner.

Our friendly, tailored approach means we can deliver in person. As an ambitious firm our customers include individuals, companies, partnerships and not for profit organisations. Our expertise and industry knowledge has allowed us to work across various sectors, each time exceeding our client’s expectations.

Special Offer


money - accountantsUP TO £825 TAX-FREE FOR SMALL EMPLOYERS FILING ONLINE
If you are an employer with fewer than 50 employees, you can get up to £825 tax-free over five years from the Inland Revenue if you file your P35 payroll end of year returns electronically.

Contact us now for details of how you can claim this free money. We can also assist with submitting the forms online, and preparation of the necessary forms, and with any other payroll matter.

You can get a tax-free 'incentive' payment of up to £825 over five years if you file your Employer's Annual Return online. To qualify for the tax-free payments:

  • you must have fewer than 50 employees in the relevant tax year
  • send your Employer's Annual Return online. The P35 must have at least one valid P14 with it and,
  • the return must meet the Inland Revenue Quality Standard

You will qualify even if you file your return after 19 May (the date by which it should reach the Inland Revenue). However, you could still be liable for a late filing penalty in this case.

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