The Bank of England directs funding to small businesses

Dec 11, 2013

From January 2014 the Bank of England and H M Treasury will redirect the Funding for Lending Scheme away from mortgage lending, and instead provide funding for hard pressed small businesses.

There…

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Pension Auto-Enrolment

Dec 10, 2013

The Pension Regulator issued a press release 17 October 2013 alerting medium sized businesses of their obligation to set up and automatically enrol employees in a pension scheme. They said:

“The…

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The 60% Income Tax band

Dec 10, 2013

According to HMRC the highest rate of Income Tax is 45%. This will apply to anyone with income over £150,000. Income below this amount is taxed at 40%, or a combination of 20% and 40%.

However,…

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Tax-free Xmas party

Dec 10, 2013

This month gives us an excuse to let our hair down and enjoy a well earned celebration with our work colleagues and partners. This article is a reminder of the tax concessions that apply to the costs…

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Unused PAYE schemes

Dec 10, 2013

 From October 2013, PAYE schemes will automatically be closed where

  • No real time PAYE submissions have been made
  • No payments have been made to HMRC
  • The employer…

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Tax Diary December 2013/January 2014

Dec 10, 2013

 1 December 2013 - Due date for Corporation Tax due for the year ended 28 February 2013.

 19 December 2013 - PAYE and NIC deductions due for month ended 5 December 2013. (If you pay your…

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Autumn Statement - 5 December 2013

Dec 06, 2013

George Osborne presented his Autumn Statement to Parliament amid mixed messages spilling from the Treasury, and promoted in the national press, about what he would, and would not give away.

The…

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Britain still has favoured tax regime for business

Dec 05, 2013

 According to the Financial Times “Britain is still the favoured tax regime of business...”.

Recent surveys have added a note of caution. Apparently, a growing number of organisations are…

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Property taxes...

Dec 03, 2013

Since 2003 our Government has collected more than £45bn in stamp duty receipts from British householders buying homes across the UK.

The figures disguise a massive increase in the impact…

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