New Business Secretary rolls back red tape

May 27, 2015

Sajid Javid set out his priorities for supporting Britain's small businesses last week. Here’s a summary of what he said:

Over the next 5 years, we’ll build on the success of ‘One in,…

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George Osborne - second Budget announced

May 22, 2015

The first Budget of the new parliament is to be delivered by George Osborne on July 8th.

Apart from tying up loose ends from the spring Budget the Chancellor will make a number…

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Directors jailed for contempt of court

May 19, 2015

Two Directors and a Company Secretary have been jailed for contempt of court relating to a £7.7m VAT fraud, following an investigation by HM Revenue and Customs (HMRC).

A court order appointing…

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Business investment 2015

May 15, 2015

Is this a good time to invest if you are in business?

Actual business investment in the UK fell in the last quarter of 2014. This was largely driven by the reduction of investment in North…

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More of the same

May 13, 2015

So now we know. For the next five years we will have a Conservative government, albeit, with a slim majority in the House of Commons.

From a tax point of view George Osborne is continuing…

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New business start ups

May 06, 2015

 This posting lists a few (but not necessarily all) of the tax issues you will need to consider when you are planning a new business:

  1. Get you business registered with HMRC, failure…

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Personal tax changes from 6 April 2015

May 05, 2015

 HMRC has kindly published a list of the tax changes that affect individuals from 6th April 2015. We have reproduced the list below.

  • Individuals over the age of 55 have…

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Business and corporate tax changes from 1 April 2015

May 05, 2015

The published list of tax changes that affect primarily businesses are listed below.

  • The Corporation Tax rate has been reduced to 20%
  • The new Diverted Profits Tax has…

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Reclaim VAT from mileage payments

May 05, 2015

If you pay your employees a mileage rate for the business use of their personal vehicles, as long as you do not exceed the approved rates per mile, there is no necessity to report these payments to…

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