Tax News & Insights

Charities and tax are very much in the news currently. The recent 2012 Budget included a proposal that tax reliefs would be limited to an amount of £50,000 or 25% of income, whichever is the greater. There has been a … Continue reading →

New business regulations come into effect on two common commencement dates (CCDs) in April and October each year. Below is our summary of some of the upcoming legislation changes that may affect you and your business from April 6 2012. … Continue reading →

People earning between £50,000 and £60,000 per year may not consider themselves wealthy, particularly if they have mortgages, child care and educational costs to take into account. They might look enviously at those earning over £150,000 a year, who will … Continue reading →

2012 Budget Summary We know how important it is to stay one step ahead.  That’s why we are providing you with a free, detailed summary of the 2012 budget. This professionally written report highlights the key areas affecting both individuals … Continue reading →

HM Revenue & Customs appear to be convinced that tax amnesties which target specific business activities are an effective way of bringing tax evaders into the taxpaying fold. We have seen these amnesties offered to various classes: from people with … Continue reading →

Strange as it may seem, HM Revenue & Customs (HMRC) have their own metaphorical toolbox and it currently contains 20 toolkits. Their aim is to ‘provide guidance on areas of error that HMRC frequently see in returns and set out … Continue reading →

HM Revenue & Customs have started to issue penalties for tax returns in respect of the year ended 5 April 2011 that were either received after the deadline or, indeed, have still not been submitted to the department. Remember that … Continue reading →

Whether you are considering fresh investment in an established business or initial investment in a new enterprise it is important that your investment decisions are thoroughly appraised, timely, and in accordance with your overall personal and business strategy. Need for … Continue reading →

Chancellor George Osborne will take to the stand on 21st March to deliver the Budget 2012.  He faces a difficult task, as the next general election is not far away, and there is very little room for fiscal manoeuvre.   … Continue reading →

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 →