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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Replacement of white goods items in unfurnished, let property

Jul 01, 2014

This reminder will affect landlords of unfurnished let property who are considering the replacement of standalone white goods (fridges etc) and similar items.

 Following the withdrawal of…

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Tax Diary July/August 2014

Jul 01, 2014

  • 1 July 2014 - Due date for Corporation Tax due for the year ended 30 September 2013.
  • 6 July 2014 - Complete and submit forms P11D return of benefits and expenses and…

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Avoid and report internet scams and phishing

Jun 24, 2014

Internet fraudsters are using ever more intricate messages to trick you to part with private information. For example: your bank details and passwords. They may also hide viruses in email attachments…

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Business rates exemptions

Jun 20, 2014

Certain property, whether occupied or out of use for a period, may be eligible for exemption from payment of business rates. The GOV.UK website lists the following as potentially eligible:

Exempted…

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