Tax Diary June/July 2016

Jun 01, 2016

 1 June 2016 - Due date for Corporation Tax due for the year ended 31 August 2015.

 19 June 2016 - PAYE and NIC deductions due for month ended 5 June 2016. (If you pay your tax electronically…

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State benefits that are taxable

May 26, 2016

Many newly retired pensioners may not be aware that the State Pension they receive is taxable income. Also, the amount paid is not taxed at source. Although a pensioner’s State Pension may be covered…

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Small businesses take on more staff

May 24, 2016

According to new government research published recently shows that almost a quarter (24%) of small and medium-sized (SME) employers had more people working for them in 2015 than in 2014.

The…

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HMRC issues warnings and advice regarding fraudulent emails

May 19, 2016

There is a continuing misuse of emails and SMS messages that purport to be from HMRC asking questions about your tax and encouraging recipients to part with their personal information and bank details.

HMRC…

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UK tax to be simplified

May 17, 2016

The UK has one of the most detailed tax codes in the developed economies. Readers might be amused, bemused, that the so-called Office of Tax Simplification (OTS) has launched a high level strategy…

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Two thirds of large UK businesses experience computer hacking

May 12, 2016

  • Nearly seven out of ten attacks on all firms involved viruses, spyware or malware.
  • Record £1.9bn government investment to protect UK but industry must act to help protect themselves
  • New…

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International tax transparency makes progress

May 10, 2016

Chancellor of the Exchequer, George Osborne hailed the international expansion of a UK-led deal to automatically share information on the ultimate owners of companies as over 20 jurisdictions, including…

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Home owners may be caught by stamp duty increase

May 06, 2016

From 1 April 2016, buyers of residential property that is not to be their main residence in England, Wales and Northern Ireland, will be liable for the higher rates of Stamp Duty Land Tax (SDLT).…

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Non competition clauses under the microscope

May 05, 2016

Business Secretary, Sajid Javid, has announced plans to look into employment rules that could be stifling British entrepreneurship by preventing employees from starting up their own business after…

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