Recent Articles

Budget 2012 - Small companies

March 21, 2012 17:16

The Chancellor has announced proposals for some respite from paperwork for small businesses, with consultations on: Business car and home expenses, which may result in some form of flat rate expense to save detailed record keeping of such expenses and of the business/private proportions. ...

Budget 2012 - Company cars

March 21, 2012 16:53

The Chancellor has continued the policy of higher taxation for more polluting cars in an effort to persuade motor manufacturers to produce more fuel efficient cars. The key changes are:- From April 2013 the current 18% capital allowance for cars with CO2 emissions up to 160g/km will apply only...

Budget 2012 - business tax changes

David Mansell
March 21, 2012 15:11

The Chancellor has only just sat down but some of the key business tax points are: Corporation tax rate to reduce to 24% from April 2012, to 23% from 2013 and 22% from 2014. The lower rate for smaller companies remains at 20%. The maximum amount that companies may raise under Enterprise...

Budget 2012 - Wednesday 21 March 2012

Costas Pavlou
March 21, 2012 11:02

We are all set for Budget 2012.  Click here http://t.co/rIxGQdWw for our dedicated Budget page, which features a hub of comment and analysis from our partners in the form of Twitter comments, blog updates as well as feeds across industry experts.

Working from home costs

Cathy Corns
March 09, 2012 13:20

From 6 April 2012 employers can make payments of up to £4.00 per week to reimburse additional costs of working from home without the need for any records. For amounts above £4.00 you need full supporting evidence of expenses incurred. The previous guideline rate of £3.00...

HMRC video on employer returns

Cathy Corns
March 07, 2012 13:32

HMRC has launched a new online video to help employers reduce the problems caused by inaccurate employee data. Apparently of the thousands of employer returns received each year, a significant number contain incomplete or incorrect information. Some examples from a recent study of employer returns...

Taskforces to tackle tax evasion

Cathy Corns
March 05, 2012 12:51

HMRC is launching 30 new taskforces to crack down on tax evasion in 2012/13. The taskforces will target specific business sectors in specific locations where there is evidence of tax evasion.  The targets we believe currently are to...

The case for due diligence

Cathy Corns
March 02, 2012 12:21

I have been reading the press coverage on Rangers' administration.   It made me think once again of just how important it is to know what you are buying. I am not suggesting for one moment that proper due diligence was not undertaken on the last acquisition of the football...

Service companies

Cathy Corns
February 29, 2012 12:06

I am getting irritated about the current media coverage on government officials and BBC presenters being paid via service companies.  I read that the Treasury review on the use of service companies is expected to conclude that such schemes must end for full-time permanent...

Yet more HMRC disclosure campaigns

Cathy Corns
February 27, 2012 12:17

HMRC has recently announced more disclosure campaigns as part of its efforts to target specific businesses believed to represent a risk to the tax base.  The new campaigns will start later on this year and are aimed at:- ·         People liable to...