Annual Investment Allowance 2011-2012
At the end of the current fiscal year, 5 April 2012 for income tax payers and 31 March 2012 for companies, the current level of An ...
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Furnished Holiday Lets Update 2011-12
Owners of Furnished Holiday Lets (FHL) property may like to consider the following planning points: 1. Loss relief The abi ...
Update on HMRC income tax penalties
We are all used to the idea that if you are late filing your self assessment tax return the penalty is fixed at £100. From 6 A ...
HMRC targets restaurant trade
The recent decision by HMRC to introduce a new task force to tackle tax fraud and unpaid taxes in the restaurant trade will have m ...
VAT refunds from EU states
A UK VAT registered business may only claim a VAT refund from other EU countries where all the following conditions are met: T ...
What to do with your tax losses?
Tax losses are generally created when your expenditure is more than your income, or in the case of capital losses, when you buy an ...
CGT Entrepreneurs’ Relief follow up
The recent increase in the amount of lifetime gains that can be sheltered from the main capital gains rate of 28% by claiming Entr ...
PAYE Update – May 2011
Summarised below are a number of changes and issues that have been recently publicised by HMRC including the following: From A ...
Childcare Vouchers Update – Basic tax relief only from April 2011
The new rules detailed below will start from 6 April 2011 but will only apply to individuals who join a scheme on or after that da ...
Self-Assessment Update – Revision to penalties for late returns and payments
The system of penalties has been amended for late filing of personal, trust and partnership returns, and late payment penalties re ...
