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Category Archives: Tax matters

A week is a long time in her Majesty’s Revenue & Customs

20-Sep-10

It certainly has been an interesting week for UK tax payers. There is no doubt that the news that 1.4 million people have not paid the correct level of tax through the PAYE tax system was not received well. Whether the situation is described as being unacceptable, unbelievable or incompetent it only serves to highlight [...]

31st October 2010 Tax Return Deadline

16-Sep-10

Now that the summer is rapidly drawing to a close and the 31st October is fast approaching it is time to start thinking and planning ahead to ensure that you do not miss the deadline – that is if you still submit your tax returns on paper. Depending on what sort of person you are:- [...]

When will you retire?

12-Jul-10

It is possible that some people may have to work for longer than they can imagine. The simple reason being that they do not have a pension or a means of supporting themselves once they retire. As such, what should be a pleasant journey into old age, may in fact be one that is fraught [...]

What does the Emergency Budget mean for a small or medium sized business?

24-Jun-10

The long awaited budget was finally announced on Tuesday by the new Chancellor. Most business people are not sure what the implications will be for the long term. The budget was certainly a mixture of taking the ‘bitter with the sweet’ in an effort to reduce the national deficit. Tuesday’s budget announced a mixture of [...]

Penalties for late filing of returns and payment of tax

23-Jun-10

As previously announced in the March 2010 Budget, although many small business owners could be forgiven for not noticing, a revised penalty regime will apply to taxpayers who fail to file their tax returns on time or pay their tax liabilities in full and on time for: VAT and insurance premium tax; aggregates levy, climate [...]

2010 Emergency Budget Report

22-Jun-10

For our £FREE Emergency Budget Report 2010 please click here. For all our previous £FREE Budget Reports and Pre-Budget Reports please go to our Budget Page. How will the 2010 Emergency Budget affect you? VAT increased to 20% from January 2011 Increased personal allowance Small Companies Corporation Tax rate to be reduced to 20% Any [...]

Emergency Budget Date set

17-May-10

Newly appointed Chancellor George Osborne has set the date for his emergency Budget, Tuesday 22nd June 2010.   Technorati Tags: Budget,Emergency Budget,Chancellor George Osborne

Beyond the numbers – what to do with a trading loss

14-May-10

Given the uncertain nature of the economy it will not be surprising that some businesses will have incurred trading losses in the last financial year. Viewing a business from a numerical basis provides an insight in a very matter of fact way. Looking at the numbers for your business may help to add greater depth [...]

What does a Conservative and Liberal Democrat Government mean for business?

13-May-10

At last everyone finally knows who is going to be the new British Prime Minister. Many months of speculation and second guessing have now come to an end. Even though it is now known who the next the next government will be, little is known about how it will work in reality. The Liberal Democrats [...]

Budget Report 2010

24-Mar-10

For our £FREE Budget Report 2010 please click here. For all our previous £FREE Budget Reports and Pre-Budget Reports please go to our Budget Page. How will the 2010 Budget affect you? Will the reduction in business rates from October 2010 help you? What about the new credit adjudication service for small business to complain [...]

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