Tax News & Insights
If an employee is provided with a mobile telephone by their employer, then generally there is no tax or National Insurance liability chargeable on the benefit in kind of the phone and call costs, even if it is used wholly … Continue reading
HMRC has come under fire in recent weeks over its Business Record Checks, which target small and medium-sized businesses. HMRC claims that 44 per cent of businesses have issues with their record-keeping, while 12 per cent have seriously inadequate records. … Continue reading
The big tax story over the past few weeks has been the trial of Harry Redknapp and Milan Mandaric who were accused of cheating the public revenue. HM Revenue & Customs argued that payments made by Mr Mandaric from the … Continue reading
From 1 April 2012 all VAT registered businesses will have to submit VAT returns online and pay and VAT due electronically too. From 1 April 2010 it was compulsory for all businesses with an annual turnover of £100,000 or more … Continue reading
It has probably not escaped your attention that we are in the throes of an economic downturn. The government believes that growth will come primarily from small businesses so anything that can be done to encourage investment in such businesses … Continue reading
A union that is seeking to maximise its negotiating power may take industrial action at the time likely to cause the most disruption and HMRC call centre staff have threatened a walk out today, 31 January 2011, the final day … Continue reading
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
