Changes to these rates from 1 September 2015 are: Petrol: engine size 1400cc or less – 11p per mile Petrol: engine size 1401cc to 2000cc – 14p per mile Petrol: engine size over 2000cc – 21p per mile LPG: engine size 1400cc or less – 7p per mile LPG: engine size 1401cc to 2000cc – […]
Category Archives: Uncategorized
If you are considering, or already are, selling your products and services in the EU, you may want to read the following recent announcement published on the UK government website. “Emerging Europe offers opportunities for all UK companies ranging from novice to experienced exporters, and across multiple sectors. Emerging Europe is made up of 11 […]
1 October 2015 – Due date for Corporation Tax due for the year ended 31 December 2014. 19 October 2015 – PAYE and NIC deductions due for month ended 5 October 2015. (If you pay your tax electronically the due date is 22 October 2015.) 19 October 2015 – Filing deadline for the CIS300 monthly […]
Readers might be interested to know that HMRC have been consulting with various parties, including the accountancy profession, regarding the way in which they charge penalties to taxpayers who don’t meet their filing obligations. We have listed below a number of the conclusions HMRC have reached thus far. HMRC’s published responses: We recognise the need […]
HMRC’s opinion on qualifying travel costs is clearly set in their employee travel guide. For instance: The sort of travel that qualifies for tax relief is travel that is ‘on the job’, as distinct from travel ‘to the job’. The most common example is travel between one workplace and another in connection with a single […]
Parents considering shared parental leave may like to consider the following notes. You may be able to get Shared Parental Leave (SPL) and Statutory Shared Parental Pay (ShPP) if: your baby is due on or after 5 April 2015 you adopt a child on or after 5 April 2015 If you’re eligible for SPL you […]
Readers are reminded that late filing or late payment of VAT returns can result in costly penalties – in VAT speak they are referred to as default surcharges. Each time you default HMRC will send you a Surcharge Liability Notice, or Surcharge Liability Notice Extension. These will warn you that if you default in respect […]
HMRC has collected £1 billion in tax payments from users of tax avoidance schemes as a result of the government’s new rules to collect disputed tax upfront, the Financial Secretary to the Treasury, David Gauke, announced 13 September 2015. The Government introduced Accelerated Payments last year to radically change the economics of avoidance. Under these […]
There are now a number of ways that charities can encourage donations by promoting the various tax schemes available. Over the last five years the government has brought in a range of changes to the tax system to make it simpler for charities to make the most of tax reliefs, so that more money can […]
HMRC have published the following fact sheet regarding the wide ranging changes to the taxation of dividends from April 2016: From April 2016 the Dividend Tax Credit will be replaced by a new tax-free Dividend Allowance. The Dividend Allowance means that you won’t have to pay tax on the first £5,000 of your dividend income, […]