From Sunday, employers may be eligible for a £2,000 tax cut off their National Insurance Contributions bill. Known as “Employment Allowance”, this tax cut has been introduced to help free up money for small businesses aspiring to grow. Most businesses and charities that pay Employer NICs on
Read more →If you have received a Self Assessment tax return or notice to complete a tax return and not taken action, HMRC is giving you the chance to come forward and pay the tax owed. HMRC’s latest campaign started on 9th July and applies to tax returns for
Read more →RTI “Relaxed Reporting” Update HMRC has announced that it will be extending its temporary relaxation of the Real Time Information reporting rules for smaller businesses from October 2013 until April 2014. The rules apply to businesses with fewer than 50 employees and allow them to send PAYE
Read more →HMRC are urging new businesses which need to register for VAT to do so online. Registering for VAT online has now become easier, more secure and faster than using a paper form. As well as providing users with online help, the system provides an immediate on-screen acknowledgement
Read more →Corporation Tax relief will be made available to the animation, high end TV and video games industries from 1 April 2013, meaning that companies will be able to claim a payable tax credit from HM Revenue & Customs against production costs. The tax relief, known as ‘Creative
Read more →Individuals who sell directly to customers and take commission on sales have just one week left to come forward to HMRC and pay any tax they have outstanding. Direct selling consists of selling directly to customers without the need of a shop and taking commission on sales.
Read more →If you are yet to complete a self assessment return that was due for submission to HMRC by 31st January 2012, you will now face additional penalties from HMRC. The penalties are effective from 1st February 2013 and are relevant to individuals who are yet to complete
Read more →HMRC will target businesses with outstanding VAT returns as part of their latest campaign. The campaign is aimed at business that have one or more VAT return outstanding and as many as 50,000 businesses are expected to be chased by HMRC. These businesses will be given the
Read more →Did you know that HMRC has released a mobile tax calculator app? Introduced in May 2012, the app allows individuals to work out the amount of tax they pay and how the Government spends it. The app was set up as part of a Government initiative to
Read more →DEBBIE THORN advises caravan manufacturers, distributors and caravan park owners on forthcoming new VAT rules… This year, the VAT rules on static holiday caravans are changing. From 6 April, the zero-rating of VAT is being withdrawn and will be replaced with a 5% reduced rate. This new
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