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- Tax Saving Accountants
- 19 Aug 13
No New Tax for Online Sales
The treasury have revealed that a potential online sales tax will not go ahead. This tax was designed as a way to lessen the advantage online businesses have over brick-and-mortar ones. Online businesses tend to have fewer overheads than traditional ones, which can lead to lower prices and more new companies starting up. The value […]
- Tax Saving Accountants
- 14 Aug 13
HMRC to Introduce Single Compliance Process for SMEs
HM Revenue and Customs has announced plans to make things easier for SMEs by introducing a new Single Compliance System. It is hoped that this will produce a faster, more consistently high-quality enquiry process. It is also intended to ensure that individual enquiries are more appropriate to the cases they address. A trial of the […]
- Tax Saving Accountants
- 7 Aug 13
OTS Calls for Employee Benefits Tax Overhaul
The employee benefits tax and administration system is “ripe for a complete overhaul” according to the Office of Tax Simplification. In a recent report, the OTS identified four areas of major concern, and recommended a full overhaul of the entire system. The report was produced as part of a review the OTS is currently conducting […]
- Tax Saving Accountants
- 28 Jun 13
Small and Start-Up Businesses are Missing out on Jobs Tax
Just this month, it has been discovered that start-up companies are missing the chance to claim back thousands of pounds of tax that were paid unnecessarily. Accountant David Bennett, who is at tax partner at the Moore and Smalley Charted Accountants, has recently said that many businesses that started between June 2010 and up to […]
- Tax Saving Accountants
- 21 Jun 13
HMRC Admit Self-Employed Tax Mistakes
There’s nothing worse than receiving a letter from HMRC when you know full well that you’ve completed your tax forms correctly. HMRC has admitted recently that problems have arisen, which they are now dealing with. The problems were largely associated with the Schedule 36 Notice, which should be issued when an informal request is not […]
- Tax Saving Accountants
- 7 Jun 13
SME PAYE Real-Time Reporting Exemption Extended To April 2014
Great news for small business owners – it’s now been announced by HM Revenue and Customs that there will not be an additional six months given to business owners to prepare for their PAYE. This is of course the ‘pay as you earn’ information that has to be provided to the government. Any business that […]
- Tax Saving Accountants
- 29 May 13
Dave Hartnett Lands Job at Deloitte
Former boss of Her Majesty’s Revenue and Customs has now landed a tax advice job at the accountancy firm Deloitte. Caught up in a number of scandals and claims, the move has angered some and spiked curiosity in others. Having left the HMRC, he now has a new role that will only take up one […]
- Tax Saving Accountants
- 22 May 13
Income Tax Introduced For The First Time In Andorra
On the 2nd May this year, it was announced that Andorra is to introduce a tax on personal income for the very first time. Its European neighbours have been putting pressure on the country for a significant period of time, claiming that this level of ‘tax evasion’ needed to be tackled. The head of the […]
- Tax Saving Accountants
- 15 May 13
HMRC Contact Centre Closures Prompt PCS Member Strikes
The closure of more than 280 HM Revenue and Customs contact centres has recently prompted public outrage, and hundreds of members of the Public and Commercial Services Union recently took part in a number of strikes. They are campaigning over pay, conditions, jobs and the closure of the centres. The protests are continuing throughout the […]
- Tax Saving Accountants
- 15 Apr 13
Companies and Political Parties Bear All
New procedures and proposed changes now mean that companies and political parties will have to include much more in their tax returns. Taxpayers will now have to specify the other source from which any income has come. After regular taxpayers were asked to declare their liabilities and assets in the new Tax Return forms, it’s […]