As previously promised I am now able to update you on the changes to the Capital Gains Tax ‘CGT’ regime as announced by the Chancellor today.
These changes are referred to on HM Treasury website as reflecting the Government’s continued commitment to supporting the small business. It’s worth noting at this point, to get these changes […]
Category Archives: Tax matters
Capital Gains Tax - the latest
24-Jan-08How much tax is collected in the UK?
22-Jan-08 We all hear how much tax is avoided, well estimated avoidance because by its very nature if its avoided its not actually calculable with any accuracy, but have you ever wondered how much tax is actually collected?
Well here are the details, just click here.
What strikes me about these figures is how small the corporation tax […]
Question: Some of you may have wondered why, when you asked for any tax you owe (under £2,000.00) to be collected through your tax code this didn’t happen?
Answer: The Revenue have now revealed there was a problem with box 23.1, this is the box you tick to say you want your tax collected through your […]
Tax system encourages business?
21-Jan-08 According to an article on today’s AccountancyAge website 88% of business is happy with the UK’s tax system, the survey commissioned by HM Revenue & Customs went on to say that 68% of all businesses interviewed where satisfied with service levels at HMRC.
Well that’s alright then isn’t it, or is it? Well this is […]
Don’t forget to pay your tax
18-Jan-08 Although many thousands of tax payers are still waiting for their self assessment tax calculation to come through from HM Revenue & Customs this is no reason to not pay your taxes.
A warning has come from the taxman, even though you sent your self assessment tax return in before the end of September 2007 with […]
Tax saving tips
17-Jan-08 I know all firms of accountants and tax advisors are busy trying to get those last few clients tax returns into the Revenue to help those stragglers avoid the £100 fines, you know who you are.
Do you realise that by leaving it until the last minute you give your adviser little or no chance of […]
Company Car
16-Jan-08 Do you have a company car? Are you thinking about taking a company car? Do you run your own Limited company? Should you have a company car?
As everyone knows the cost of having your employer provide a company car can be expensive, but how many of you know what it will cost you before you […]
What is the Chancellor doing?
11-Jan-08I know a few of you have been reading in the press recently about what may, or may not happen regarding the changes to the Capital Gain Tax rules, and the latest one being Income Shifting (simply put, this is where the working spouse who earns the money/profits through their efforts has some of these […]
Many of you will probably not really understand (nor dare I say it, you will have never had it explained to you) what is going on when your accountant sits there and tells you what he has done concerning assets that you have bought and how they qualify for tax relief (capital allowances).
Simply put, capital […]
Are Website costs tax deductible?
17-Dec-07How will the cost of my website be treated in my accounts?, this is one question I have been asked many times, also one that seems to confuse many, including accountants, and no wonder, technology and the way we all do business has changed at such a fast pace in the last five years that […]
