A dispensation is a notice from HMRC that removes the need to report expenses and benefits on forms P11D and P9D at the end of the tax year.
Read morePension Auto-Enrolment Rules
Starting from October 2012, employers will have to enrol workers into a workplace pension if they meet the criteria. Employers will have to enrol the following employees if they:
Read moreTaxing Students
The summer holidays are now over and most students are now safely back at their Universities or Colleges studying.
Read moreInheritance Tax calculators for reduced Inheritance Tax rate
The 2012 Finance Bill introduced provisions which allowed estates to pay a reduced rate of Inheritance tax of 36% (as opposed to 40%) where the deceased leaves at least 10% of their net estate to charity.
Read moreInitiative to bring your tax affairs up to date
HM Revenue & Customs (HMRC) have announced this month another partial tax amnesty.
Read moreReal time PAYE to start April 2013
In April 2013 HM Revenue & Customs (HMRC) is introducing a new way of reporting PAYE: Real Time Information, or RTI.
Read moreRestriction of allowances on energy saving expenditure
From April 2012 (or April 2014 for combined heat and power (CHP) installations) enhanced capital allowances will not be available in respect of expenditure on plant or machinery when it generates electricity or heat (or produces bio-gas or bio-fuels) that attract tariff payments under either of the feed in tariff or renewable heat incentive schemes.
Read moreIndividual Savings Accounts 2012/2013
The new tax year started again 6 April 2012 and if you are intending to continue to make subscriptions to an Individual Savings Account (ISA), it is important that you have all the facts.
Read moreNew Tests for IR35
HM Revenue & Customs (HMRC) have published guidance detailing their new risk based approach to checking taxpayer’s compliance to the intermediaries’ legislation (or IR35).
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