landlords cash flow affected by new high interest rates
Tax Saving Accountants

Government Tax Targets Attract Criticism

The Treasury Select Committee has criticised the government’s current tax targets. In particular, the Committee has questioned the accuracy of the expectations on which these targets are based. An example used to illustrate this point was the yield that came from tax agreements with countries such as Switzerland. The deal carried a target of £3 […]

market-harborough
Tax Saving Accountants

Government Dismisses PAC Recommendations

According to minutes from a recent meeting, the government has dismissed a number of recommendations from the Public Accounts Committee (PAC). The recommendations relate to issues such as the tax gap and the way HMRC accounts are reported. Specifically, the PAC suggested that the government should be more transparent about the alleged limitations of the […]

desk
Tax Saving Accountants

Commonwealth Games Athletes get Income Tax Exemption

It has been announced that athletes who come to the UK to compete in the Commonwealth games will be exempt from income tax. The UK’s income tax system for visiting international athletes has previously received high-profile criticism, including from fastest living man Usain Bolt. The current system sees income tax levied from the appearance fees […]

payroll-services
Tax Saving Accountants

Record Number of Self-Assessments Filed

A record number of self-assessments was filed at the end of January. This comes in part because HMRC stood firm on the 31st January deadline, despite many calling for it to be pushed back until the 3rd of February. With a rise in self-employment in the past tax year and a record number of new […]

Tax Saving Accountants

50% Tax Rate “Not Anti-Business” Says Balls

Ed Balls has defended Labour”s pledge to bring back the 50% top rate of tax. In particular, he has insisted it does not mean that his party has an “anti-business agenda.” Ed Balls Wants To See Tax Rates Falling Balls also said that even though those earning over £150,000 would pay more in tax, he […]

services
Tax Saving Accountants

Record Numbers of Christmas Tax Returns

The number of tax returns submitted over the three core days of the Christmas period has reached a record. The number has been rising for several years, and continued to do so in 2013. The busiest of the three days was Christmas Eve. Roughly 17,000 people chose the day before Christmas to submit an online […]

Importance of Good Credit Control for Small Businesses
Tax Saving Accountants

Extended PAYE Compliance Deadline for Micro-Businesses

Micro-businesses have benefited from an extension to the deadline for compliance with real-time PAYE reporting (RTI) requirements. The deadline has now been pushed back to April 2016. Small businesses with more than 10 and up to 49 employees, meanwhile, have until April 2014 to begin sending information in real time. This deadline is also an […]

Big Ben and Houses of parliament London
Tax Saving Accountants

UK Tax Attractive to Businesses

According to KPMG, the UK’s current tax climate is highly attractive to businesses and is in a good position for attracting large international corporations. However, the way tax issues are covered in the media are reducing the positive effect. These findings are based on data from KPMG’s annual tax competitiveness report. Respondents, when asked to […]

calculator-calculation-insurance-finance
Tax Saving Accountants

Paperless Self-Assessment Coming

Following an HMRC consultation, it has been announced that paperless self-assessment may soon be introduced. Under this system, all communications from HMRC to taxpayers will take place through electronic methods rather than through the post. At present, only a quarter of communications that HMRC send to ten million self-assessment taxpayers in the UK can be […]

Impact-Of-The-UK-Being-A-Single-Market
Tax Saving Accountants

The UK’s Tax Agreement With The Cayman Islands

The Cayman Islands have signed an agreement to automatically exchange taxation information with the UK. This has made them the first British overseas territory to sign up to such an arrangement, though similar agreements have previously been made closer to home with Jersey and Guernsey. The signing of this agreement ends the use of the […]

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