Category Archives: News
Tax and Accountancy news – Winchester and London by the leading bespoke tax and accountancy firm in the south. Tax and Accounts advice.
- Monday, 06 February 2012 12:03 HMRC ESC C16 Posted by administrator When a company goes into voluntary liquidation HM Revenue and Customs (HMRC) allows shareholders to receive the surplus assets of the company as a capital distribution instead of as a dividend. The advantage to receiving these...
- Wednesday, 18 January 2012 11:53 HMRC issue fraudulent email warning Posted by administrator HM Revenue and Customs is warning taxpayers about fraud emails being sent out requesting credit or debit card details. The emails notify the reicipent that they are due a tax rebate and directs them to a...
- Friday, 16 December 2011 9:06 Pensions Rules Changes Posted by administrator The Annual Allowance for making UK pension contributions remains at £50,000. However with careful planning relating to “pension input periods” and the three year carry forward of unused Annual Allowances from previous years, it may be...
- Thursday, 15 December 2011 9:42 Self Assessment Tax Returns Posted by administrator We have already reminded our clients that new automatic penalties apply to late filed 2010-11 Tax Returns, even where no tax is owed at the filing date, 31st January 2012. Please don’t be caught out by...
- Thursday, 15 December 2011 9:41 Capital Allowances Posted by administrator The Annual Investment Allowance (AIA) limit will remain at £100,000 for expenditure until 31 March 2012. For business that are not incorporated and limited liability partnerships, this old limit of £100,000 applies until 5 April 2012....
- Thursday, 15 December 2011 9:40 Statutory Residence Test (SRT) Posted by administrator The Government has recently announced that the long awaited SRT will now be delayed and will not be introduced until April 2013. We are sending a separate communication to our clients alerting them to this, but...
- Thursday, 15 December 2011 9:39 Autumn Statement 2011 Posted by administrator George Osborne the Chancellor of the Exchequer delivered his Autumn Statement on the 29th of November. Below are those announcements that we feel are most important for our clients for their day to day business and...
- Monday, 12 December 2011 11:47 HMRC targets electricians Posted by administrator HM Revenue and Customs is planning to pursue electricians as the next step in its plan to crackdown on tax evasion. The ‘Electrician’s Tax Safe Plan’ (ETSP) will be launched in February 2012 and offer favourable...
- Tuesday, 29 November 2011 15:03 Independent study on general anti-avoidance rule (GAAR) published Posted by administrator The QC responsible for the independent study on general anti-avoidance has laid out his recommendation to the Government to introduce a narrowly focused general anti-avoidance rule (GAAR) to the UK tax system. After an eleven month...
- Tuesday, 29 November 2011 11:06 HMRC SA252 update Posted by administrator HM Revenue & Customs (HMRC) have recently issued an update on the issue of “SA252 letters”. They have advised that they will be sending letters to basic and higher rate tax payers in one bulk run...
