Institute for Apprenticeships

Mar 04, 2016

Just in case you have not been acquainted with this new Institute, and the rather confusing acronym, we have reproduced below the Department of Innovation and Skills fact sheet that explains what…

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Incorporating a property business

Mar 02, 2016

Since the recent announcement of various changes to the taxation of unincorporated property businesses, there has been renewed interest in incorporation: would it be possible to shelter property income…

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Incorporation v self-employment

Mar 02, 2016

Prior to 6 April 2016, self employed traders could make overall tax and NIC savings by incorporating their business if their annual income from self-employment exceeded approximately £10,000. The…

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Company car drivers and private fuel

Mar 02, 2016

Since the tax on private fuel provided with company cars is so high, many employers now have an arrangement whereby they no longer pay for private fuel. In this case, the employee must reimburse the…

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Multi-nationals and sweetheart deals

Mar 02, 2016

 In an unprecedented move, HMRC have issued a press release regarding the accusation that Google were offered a deal that short changed UK taxpayers. Here’s what they had to say regarding the “sweetheart…

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Tax Diary March/April 2016

Mar 02, 2016

 1 March 2016 - Due date for Corporation Tax due for the year ended 31 May 2015.

 2 March 2016 – Self Assessment tax for 2014/15 paid after this date will incur a 5% surcharge.

 16…

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The end of the 20 percent tax credit

Mar 01, 2016

From 6 April 2016, savers will no longer pay income tax on interest they receive from certain deposit accounts. This is due in large part to the introduction of the Personal Savings Allowance (PSA)…

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Taxman seizes more than 2 billion pounds from tax avoidance scheme users

Feb 25, 2016

According to HMRC, over £2 billion has been collected from users of tax avoidance schemes as a result of new government measures to collect disputed tax upfront.

New Accelerated Payments…

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Avoid the car fuel benefit charge

Feb 23, 2016

 

A reminder that it is not too late to avoid the hefty car fuel benefit charge if you drive a company car and your employer pays for your private fuel.

Many employers have an arrangement…

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