National Minimum Wage (NMW)

Jul 17, 2014

The National Minimum Wage is the minimum pay per hour almost all workers are entitled to by law. It doesn’t matter how small an employer is, they still have to pay the minimum wage.

Who…

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A new look to benefits in kind regime?

Jul 15, 2014

HMRC are currently consulting with interested parties (the accounting profession and associated professional organisations) to re-vamp the UK’s system for taxing employee benefit in kind and expenses.…

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Tax free capital gains - private residence relief

Jul 10, 2014

If you dispose of a dwelling house (which can include a house, flat, houseboat or fixed caravan) which is your home, or part of a dwelling house which is your home, or• part of the garden attached…

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A new range of apprenticeships under the Trailblazer scheme.

Jul 09, 2014

Skills and Enterprise Minister Matthew Hancock announced a new range of apprenticeships that will be developed by employers under the Trailblazer scheme on 27 June 2014. He also called for expressions…

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Is my State Pension taxable or not?

Jul 04, 2014

The State Pension is part of a pensioner’s taxable income. The problem is, it is paid gross, without deduction of tax.

If your sole source of income is the State Pension then this should…

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TV productions vie for share of UK\'s new TV tax credits

Jul 02, 2014

The UK’s new TV tax credit for approved productions in the UK are going down a storm with production companies on both sides of the Atlantic.

One of the key draws to working on productions…

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Business use of employees\' cars

Jul 01, 2014

Many employers pay their employees a monthly car allowance to compensate them for the business use of their private vehicles. In most cases this car allowance is treated as remuneration and is subject…

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Discontinuance of trade and the Annual Investment Allowance (AIA)

Jul 01, 2014

In a recently decided tax case a self-employed air conditioning engineer, David Keyl, was denied a claim for AIA. He had purchased a van in July 2008 and on 31 March 2009 (the end of his trading year)…

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Penalty for just one day

Jul 01, 2014

 Consider the following facts:

  • The filing deadline for a Stamp Duty Land Tax return was a Sunday.
  • A member of the advisor’s staff forgot to file the return by the end…

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