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Page 26 of 27
1450
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Higher Penalties for Late Returns

Higher Penalties for Late Returns   This month, we have a warning. Please spread the word as HMRC mean business! Your personal self-assessment tax return for the tax year to 5 Apr... more

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1945
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New Pensioners to Receive Tax Bills

New Pensioners to Receive Tax Bills If you first received your state pension after 5 April 2010 you may have to pay an unexpected tax bill. This is because of yet another programming error w... more


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PAYE Notices are Coming

PAYE Notices are Coming The Tax Office has started to issue electronic PAYE code notices (forms P9) to employers for 2011/12. If you have provided an email address for the Tax Office to cont... more

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1927
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Changes to NIC Class 2 Payments

Changes to NIC Class 2 Payments As a self-employed person you probably pay your class 2 NIC, (formerly known as 'NI stamp') by monthly direct debit, or when the quarterly bill arrive... more

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1888
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Lower Penalties Offered by HMRC

Lower Penalties Offered by HMRC   The Taxman has launched a new tax disclosure opportunity called the Plumbers Tax Safe Plan (PTSP). It is aimed at plumbers and heating engineers who hav... more


1708
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Budget Update - VAT

Budget Update - VAT   VAT Rates and Thresholds There were few changes announced for VAT. The rates and thresholds are as follows from 1 April 2011: Lower rate - 0% Reduced ra... more

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1762
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Budget Update - Employers

Budget Update - Employers   NIC When business owners and accountants are asked what single action could simplify the tax system, most suggest merging income tax and NI. This messag... more

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1671
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Budget Update - Business Tax

Budget Update - Business Tax   IR35 Review The Office of Tax Simplification was tasked with reviewing the operation of IR35, or the provision of services through intermediaries as ... more


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Budget Update - Capital Taxes

Budget Update - Capital Taxes   Capital Gains Tax Rates and Thresholds The rates and thresholds for capital gains tax are as follows for 2011/12: Annual exemption - £10,6... more


4986
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Budget Update - Savings and Investments

Budget Update - Savings and Investments   Enterprise Investment Scheme Income tax relief for investors is to be proposed to be enhanced as follows: Rate of income tax relief: 2... more


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Budget Update - Individuals

Budget Update - Individuals   Personal Allowances These allowances represent the amount of an individual's income in the tax year that is not subject to income tax. Some people... more


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Furnished Holiday Lettings Rules are Changing

Furnished Holiday Lettings Rules Change   Owners of furnished holiday lettings who are thinking of improving their properties have until 5 April 2011 to take advantage of some favourab... more


1458
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Time for Tax Planning

Time for Tax Planning Have you used all your available tax allowances? The 40% threshold is going down, as the tax free personal allowance goes up. The threshold for the 40% rate will be ap... more


1537
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Leaving it to Charity

Leaving it to Charity If you haven't made a Will, you should do so without delay. If you don't have any relatives you want to leave your estate to, consider making a Will that leaves mo... more


1688
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Traps with the Flat Rate VAT Scheme

Traps with the Flat Rate VAT Scheme The VAT flat rate scheme for small businesses is generally straight-forward to operate, but here are a few traps to watch out for. Use the right rate&... more

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