News Articles: Business Tax
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
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 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
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
Looking for a way to reduce tax liabilities for your business? The Monet Structure could be the answer to completely eradicate your Corporate Taxes on both sides for directors. Like any other area of business, reviewing and improving your tax … Continue reading
We are pleased to announce two brand new structures that meet changes in tax legislation announced in the 2011 budget, earlier this year: Corporation Tax Deduction Structure EBT Extraction Method Available within the next few weeks, this is a thoroughly … Continue reading
