14/09/2011 New Penalty Regime for Tax Returns
HM Revenue & Customs (HMRC) is reminding individuals and businesses about new Self Assessment penalties for late returns and late payments, which come into effect this autumn.
The changes will aff...
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05/07/2011 Beware! HMRC to launch targeted campaign against private tutors and e-marketplaces
New campaigns targeting private tutors and e-marketplaces will be launched by HMRC over the next year.
HMRC will use cutting-edge tools such as “web robot” software to search the internet and find ta...
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05/07/2011 HMRC VAT Initiative Campaign
HMRC has launched a clampdown on traders who have failed to register to pay VAT.
Small businesses such as builders may not have realised their turnover was above the threshold of £73,000, while ot...
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05/04/2011 New penalty regime for 2010/11 tax returns
HMRC has announced that the new penalty regime for late filing and late payment of Income Tax through Self Assessment starts in April 2011. Taxpayers who fill in Self Assessment tax returns will short...
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31/03/2011 Approved mileage allowance payments from 6 April 2011
Hi Jo
In last week’s Budget it was announced that from 6 April 2011 the rate of approved mileage allowance payments for cars and vans will increase from 40p to 45p for the first 10,000 miles o...
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01/03/2011 HMRC Plumbers Tax Amnesty
Under a new tax plan, plumbers, gas fitters, heating engineers and associated trades with tax to pay which they have not yet disclosed to HMRC can come forward by 31 May to tell the department what th...
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04/11/2010 Pension Changes
Financial Secretary to the Treasury, Mark Hoban MP has announced a series of changes to the pension rules. The main changes include:
for 2011/12 the amount of the annual allowance will be reduced t...
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03/09/2010 Furnished Holiday Lettings
The tax treatment of Furnished Holiday Lettings (FHL) has been advantageous for many years. Provided that certain conditions are met, FHL are treated as a trade. This can be more preferable than the t...
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03/09/2010 Employer Provided Company Cars
From April 2009 employers were told that they no longer had to submit Form P46 (Car) for replacement company car changes. However, this can lead to problems with tax codes and tax arrears. Following d...
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03/09/2010 Minimum Wage Rises
The government has confirmed that the new National Minimum Wage rates, which come into effect on 1 October 2010, will be:
£5.93 (£5.80) per hour for workers aged 21* and over;
£4.92 (£4.83) per h...
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