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Tax Codes Being Issued
Tuesday 09 March 2010
HMRC have updated their guidance on the issue of multiple or incorrect PAYE tax codes to some employees following the introduction of their new National Insurance and PAYE computer system. Read more…
Student Loan Repayments
Tuesday 09 March 2010
HMRC have announced a new initiative to reduce student loan over repayments for those ex students who repay their loan through PAYE deductions. Read more…
Managed Payment Plans
Tuesday 09 March 2010
HMRC has announced that they will launch a new method of paying tax liabilities, known as Managed Payment Plans, in April 2011. Read more…
Changes to State Pension Age
Tuesday 02 March 2010
At present the state pension age (SPA) for men is 65 and women 60 years. To qualify for a full basic state pension men currently need 44 years of National Insurance contribution and women 39 years.
Thanks to a piece of legislation passed way back in 1995 this is about to change. Read more…
Principal Private Residence (PPR)
Tuesday 02 March 2010
If you own property and are resident in the UK for tax purposes when you sell the property there could be a liability in the form of capital gains tax or income/corporation tax if you are a property developer. Read more…
Bonuses or Dividends v Higher Salary
Tuesday 02 March 2010
If you run your own company and are considering an increase in your salary in Tax Year 2010-11 you might like to consider a number of points
Read more…
HMRC New Scam Emails
Monday 08 February 2010
HMRC have issued a warning about a new scam email Read more…
Tax Relief On Nursery Vouchers
Monday 08 February 2010
Gordon Brown has revised his proposal to withdraw the income tax and NI exemption on employer-provided childcare vouchers.
Read more…
Statutory Payments
Monday 08 February 2010
The new Statutory Payment Rates for 2010/11 have been announced by HMRC. Read more…
Tax Codes Being Issued
Monday 08 February 2010
HMRC are advising employees that between January and March 2010 they will be issuing new PAYE coding for 2010/11. The tax codes should reflect the individual’s personal circumstances and include the tax allowances and reliefs that individuals are entitled to.
Read more…
The Tax Health Plan (THP)
Monday 08 February 2010
HMRC have obtained information from various sources, including NHS trusts, private hospitals and medical insurers and are introducing the THP as an opportunity for medical professionals with tax to pay to get their affairs up to date with the benefit of a fixed penalty.
Read more…
New Year Tax Planning Resolutions 2010
Monday 08 February 2010
Here are some tips on how to save money on your Personal, Business and Property portfolio. Read more…
Redundancy Pay
Monday 28 September 2009
The weekly maximum pay which can be taken into account when calculating statutory redundancy pay is set to increase from 1 October 2009. Read more…
Correcting VAT Errors
Monday 28 September 2009
Where you find an error in your VAT records, which has already been included in the figures reported on a VAT return, don't panic. You can correct that error on your next VAT return. Read more…
When is Paying a Dividend "illegal"?
Monday 28 September 2009
A dividend may be 'illegal', in that it is contrary to Company Law, when the proper procedures are not followed. If the Taxman examines the paperwork and decides the payment from your company was not a legal dividend he may treat the amount paid as a loan, or even as a bonus payment. Read more…
More Changes At Companies House
Monday 28 September 2009
From the 1 October 2009 a director's home address can be protected from disclosure. If you would like take advantage of this new concession you need to register a service address, which could be your registered office address, with Companies House. Read more…
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