Selling your business?
The impact of the current economic climate and the fact that many baby boomers are now retiring is having an increasing effect on the number… Read More »Selling your business?
Tax
Large increase in penalties for late tax returns
HMRC has warned taxpayers that the penalty for filing late tax returns is to rise significantly. The old fine of £100 is to be replaced… Read More »Large increase in penalties for late tax returns
Real time PAYE system on the horizon
HM Revenue and Customs (HMRC) has confirmed that it will be going ahead with a major reform of the PAYE system. The overhaul will involve… Read More »Real time PAYE system on the horizon
2011 PAYE update
From April 2011, many significant changes will be made to the operation of the PAYE system. There are also changes from 2012 that you should… Read More »2011 PAYE update
Corporation tax still too high
The CBI has welcomed the Government’s pledge to introduce a phased reduction in corporation tax to just 24 per cent but wants to see more… Read More »Corporation tax still too high
Sickness absence system to undergo a health check
The Government has announced that the current employee sickness absence system is to be the subject of a comprehensive review. The main remit of the… Read More »Sickness absence system to undergo a health check
Guidance on the new pension saving rules
HMRC has issued new guidelines on the recent changes to the tax relief available on pensions. As part of the changes, the annual allowance for… Read More »Guidance on the new pension saving rules
National Insurance Planning
Strictly speaking, national insurance is not a tax at all, but a compulsory insurance premium. In the 100 years since national insurance was first introduced… Read More »National Insurance Planning
HMRC opens door to general amnesty
HMRC’s new tax guidance to plumbers and gas fitters could open the door to a general amnesty for all UK residents. Plumbers, gas fitters, heating… Read More »HMRC opens door to general amnesty
Higher rate taxes to scoop up more people
As many as 750,000 income taxpayers could find themselves in a higher tax bracket this April, a new study has claimed. According to the Institute… Read More »Higher rate taxes to scoop up more people