Tax News & Insights
HM Revenue & Customs have published draft legislation which, from 6 April 2012, would apply a PAYE code number of ‘0T’ rather than ‘BR’ when share-based payments (i.e. securities, interests in securities and securities options) are made to employee after … Continue reading
HM Revenue and Customs are keeping up the pressure on those who evade their tax liabilities using a carrot and stick approach. Last year saw several tax amnesties or ‘disclosure facilities’ as HMRC prefer to call them, including opportunities for … Continue reading
Recent figures suggest that as many as 60 per cent of Brits do not have a Will in place, but what happens if you don’t have a Will? A Will allows you to plan, it means that your property and … Continue reading
Whether you have been in business for decades, or are in the fledgling stages, reviewing your business plan at the start of the year can help you to get, and/or stay, on track. We can help you to do this, … Continue reading
It’s only human nature to procrastinate – ‘why put off until tomorrow what can be put off until the day after?’ Not surprisingly, this is an attitude that many take regarding their annual self assessment tax return. After all, the … Continue reading
HMRC has changed the fuel advisory rates for the third time this tax year. The new rates apply to all journeys on or after 1 December 2011 until further notice. For one month after the date of change, employers may … Continue reading
The policy of the coalition government is to publish the finance bill three months in advance of the Budget to allow time for further consultation and comment on the clauses and the draft 2012 bill was published on 6 … Continue reading
One common feature of tax news, especially when a Budget or Autumn Statement is approaching – and the Chancellor will be supplying the latter on 29 November – is an industry or service sector making representations as to why tax … Continue reading
There cannot be many among us who have not received a telephone call or ten over the summer months suggesting that if we have taken out a loan over the past few years then we may have a claim for … Continue reading
CentreForum, the dominant Lib Dem think tank, have called for the taxing of pension cash lump sums taken upon retirement. The proposed move targets those pension pots that fall into the higher tax rate of £42,475. The paper suggests that … Continue reading