Pension contributions and high income earners

Jun 02, 2014

Our previous government enacted legislation that removed the personal allowance for certain high income earners. The present government has made no change to this process. Basically, for every £2…

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HMRC's second incomes campaign

Jun 02, 2014

On 9 April 2014 HMRC published details of their latest campaign to encourage taxpayers to declare and pay unpaid tax on second incomes.

HMRC will expect settlement of any taxes due four months…

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VAT online filing relaxed

Jun 02, 2014

HMRC has proposed to relax the current online filing of VAT returns. They are going to improve the telephone filing service by making it possible for taxpayers to ring HMRC rather than making an appointment…

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The end of Private Residence elections?

Jun 02, 2014

At present, taxpayers who own more than one property used as residences by them, can make a formal election to determine which of their properties should be considered their private residence for…

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Tax Diary June/July 2014

Jun 02, 2014

 1 June 2014 - Due date for Corporation Tax due for the year ended 31 August 2013.

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

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Tax free gains

May 29, 2014

 There are a number of assets that you can sell at a profit without paying capital gains tax (CGT) on the sale. They include:

  • Any car that is owned personally, and not by a…

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Charity based tax schemes quashed

May 27, 2014

HMRC have had recent successes in the courts that have neutralised tax schemes utilising charity tax reliefs. Here’s what they have to say on the GOV.uk website:

HM Revenue and Customs (HMRC)…

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Tax anomalies

May 22, 2014

Institute for Fiscal Studies director, Paul Johnson, recently spoke at the annual Chartered Tax Advisor Address. He pointed out a number of the unnecessary complications and policies that have left…

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For those of you thinking of renewing your Company Car you should take a look at this:

May 20, 2014

Click Here >>

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