Tax Diary September/October 2014

Sep 01, 2014

 1 September 2014 - Due date for Corporation Tax due for the year ended 30 November 2013.

 19 September 2014 - PAYE and NIC deductions due for month ended 5 September 2014. (If you pay your…

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HMRC business record checks

Aug 29, 2014

According to insurers PFP, HMRC business record checks are on the increase.

 In the tax year 2013/14 HMRC checked 5,515 sets of business records compared to just 3,431 checks in 2011/12,…

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Employment Allowance uptake

Aug 28, 2014

Data released by HM Treasury at the end of July reveals that 725,000 employers across the UK are benefitting from the Employment Allowance.

The allowance reduces the amount of employer National…

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50% off qualifying capital purchases

Aug 21, 2014

The Finance Act 2014 introduced a temporary increase in the Annual Investment Allowance (AIA). From 1 April 2014 (for companies) and 6 April 2014 for the self-employed, the ability to write off qualifying…

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Entrepreneurs get greater freedom to start a business from their home

Aug 19, 2014

Budding entrepreneurs will be given greater freedom to start and grow a business from their home under new measures announced by the government on 15 August 2014.

Around 70% of new businesses…

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Transfer tax allowances to your spouse

Aug 15, 2014

The Finance Act 2014 has introduced limited flexibility for married couples, or couples in a civil partnership, to transfer a part of their personal allowance to their partner.

The amounts…

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Car clubs get cash boost from Department of Transport

Aug 12, 2014

Car clubs are set to receive a £500,000 boost to drive forward their work, Transport Minister Baroness Kramer has announced.

As part of a wider visit to Norfolk, 28 July 2014, the minister…

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When should you contact HMRC?

Aug 08, 2014

A cynic might say that you are required to contact HMRC when you are likely to owe them more money. Realistically, the opposite is also true: you should advise HMRC of any changes that could reduce…

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UK economy recovers

Aug 06, 2014

Its official, in the second quarter April – June 2014 the UK gross domestic product grew by 0.8% and is now bigger than it was before the financial crisis that began six years ago.

The state…

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