Communities Secretary Greg Clark is to announce landmark changes to spread home ownership to millions. Government confirmed in first Queen’s Speech measures including a ground-breaking Housing Bill Right to Buy to be extended to 1.3 million housing association tenants Sweeping new measures, including a Right to Build, to also boost house building Communities Secretary Greg […]
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In order to process the Finance Bill 2015 through the parliamentary procedures before the recent election, certain clauses were deferred. It is likely that the deferred clauses will be reintroduced in the summer Budget, 8 July 2015. As announced, George Osborne will present his first Budget of the new parliament 8 July. The clauses that […]
Pensions’ automatic enrolment is not going to go away. Businesses have begun to receive notification of their staging date: the date on which pension arrangement under the scheme should be in place. According to the Pensions Regulator’s commentary on automatic enrolment: “The law on workplace pensions has changed. Every employer with at least one member […]
Once you have registered your business for VAT the first thing you should consider is the possibility of reclaiming input tax on purchases of goods and services prior to registration. This article summarises the issues you will need to consider for the two categories: goods and services. There’s a time limit for backdating claims for […]
A court order appointing a Provisional Liquidator was made by the High Court in March 2014 against Parkwell Investments Ltd, based in Wilmslow, Cheshire. The order removed the company’s officers and appointed a Provisional Liquidator in their place to protect the company’s remaining assets. The company’s officers then deliberately and knowingly acted in contempt of […]
1 June 2015 – Due date for Corporation Tax due for the year ended 31 August 2014. 19 June 2015 – PAYE and NIC deductions due for month ended 5 June 2015. (If you pay your tax electronically the due date is 22 June 2015.) 19 June 2015 – Filing deadline for the CIS300 monthly […]
High street retailer Next has been hit with a £22.4m tax bill after a court ruled the firm’s complex tax scheme was artificial tax avoidance. HM Revenue & Customs (HMRC) successfully challenged Next Brand Ltd, which is part of the well-known Next group, over its use of a tax avoidance structure known as a rate-booster. […]
Sajid Javid set out his priorities for supporting Britain's small businesses last week. Here’s a summary of what he said: Over the next 5 years, we’ll build on the success of ‘One in, two out’ to put a strict brake on new regulations. For the first time, the actions of regulators will be counted towards […]
The first Budget of the new parliament is to be delivered by George Osborne on July 8th. Apart from tying up loose ends from the spring Budget the Chancellor will make a number of announcements: His plans for eliminating the UK’s budget deficit and running a surplus by the end of the current parliament. Details […]
Two Directors and a Company Secretary have been jailed for contempt of court relating to a £7.7m VAT fraud, following an investigation by HM Revenue and Customs (HMRC). A court order appointing a Provisional Liquidator was made by the High Court in March 2014 against Parkwell Investments Ltd, based in Wilmslow, Cheshire. The order removed […]