Friday 21 August 2009

In order to qualify for Child Tax Credits (CTC's) the person responsible for taking care of your children (child) needs to be registered with the Childcare Approval Scheme. Read more…

Friday 21 August 2009

If you are thinking of investing in assets that qualify for the Annual Investment Allowance (AIA) during 2009-10 it is worth bearing in mind the additional relief you can claim to take advantage of the 40% First Year Allowance (FYA) that is available for one year to 5 April 2010 (1 April 2010 if you trade as a company.) Read more…

Wednesday 08 July 2009

Tax dates for your diary. Read more…

Wednesday 08 July 2009

Changes have been announced to the company car advisory fuel rates with effect from 1 July 2009. Read more…

Wednesday 08 July 2009

If you drive a company car you need to keep an eye on the tax you pay for using the vehicle, as this is likely to increase year on year. Read more…

Wednesday 08 July 2009

Low property prices are tempting some people to buy residential properties to develop and sell when the market improves. If you intend to do this, the Tax Inspector may argue that you are actively trading in properties, rather than just investing and letting. Read more…

Wednesday 08 July 2009

Taxpayers who currently make bank payments direct to the Accounts Office at Shipley and Cumbernauld should note the following bank account change. Read more…

Wednesday 08 July 2009

The UK Government had planned to give fathers the right to claim up to 6 months paternity leave from April 2010. Because of the economic slowdown, they have decided not to bring the changes in that soon. Read more…

Wednesday 08 July 2009

There are a number of reasons why you would want to, or need to, register for VAT quite quickly. Once your turnover for the last 12 months exceeds £68,000 you must register for VAT within 30 days. Read more…

Wednesday 08 July 2009

You can still save tax by operating your business through a company rather than as a sole trader or partnership, but the level of tax savings will depend on the range of salary, dividends and benefits that you want to take out of the company. Read more…

Monday 15 June 2009

Tax dates for your diary. Read more…

Monday 15 June 2009

Firms have delayed paying £1 billion of VAT after reaching agreements with HM Revenue and Customs (HMRC) under the Business Payment Support Service. Read more…

Thursday 11 June 2009

You know the tax system is crazy when the Taxman encourages you to claim a benefit, which you don't currently qualify for, just in case you do start to qualify for the payment later in the tax year. That's exactly the position the Taxman is taking for Working and Child Tax Credits. Read more…

Thursday 11 June 2009

Even if your business is not registered for VAT, you need to be aware of the point where your total sales require you to become VAT registered. Read more…

Thursday 11 June 2009

Employers should be aware that the filing dates for 2008-9 P11D and P11D(b) is 6 July 2009. Read more…

Thursday 11 June 2009

In exchange for scrapping your old vehicle and buying a new one the Government and most car manufacturers will contribute a total of £2,000 towards the purchase of a new vehicle. Read more…

Monday 11 May 2009

Upcoming tax dates for your diary. Read more…

Monday 11 May 2009

HMRC has changed some of the bank accounts it uses to receive tax payments and repayments of overpaid tax credits. Read more…

Monday 11 May 2009

Some ideas on how to reduce the new Higher Rate tax burden. Read more…

Monday 11 May 2009

Due to the recent reduction in bank rate from 1% to 0.5%, on 6 March 2009, HMRC have made the following changes to its interest rate charges and supplements. Read more…