Since 1 November Junior ISA’s have been available. Each eligible child ISA account has an annual savings limit of £3600. The new accounts offer parents a simple and tax free way to save for their child’s future.
Read moreTax Planning
Do you own a property abroad?
As part of its commitment to tackle tax evasion HM Revenue & Customs have announced that they are setting up specialised teams of tax investigators to target individuals with property abroad.
Read moreImportant Deadline for Commercial Property Owners
Next April, important changes are being brought in which may have a serious impact for owners of Commercial Property
Read moreAre you a company owner paying your own pension premiums?
The rules regarding the tax relief on pension payments changed in April of this year. Now, tax relief is only available for contributions up to £50,000 per annum.
Read moreGet your employee PAYE information correct
HM Revenue & Customs announced this month that a number of people will be receiving a tax refund (or worse a tax demand) as a result of HMRC now having the computer technology to tidy up the back log of cases it has been dealing with
Read moreDo you have a Swiss bank account? If so, you need to do something now!
The UK has reached an agreement with Switzerland as part of its crackdown on tax evasion. A powerful new provision will allow HMRC to discover whether an individual UK taxpayer has an account in Switzerland.
Read moreDo YOU really want to give the Taxman £447,675!
That’s how much on average someone earning £25,000 a year pays in taxes over their lifetime.
Read moreVAT Invoice Accounting or VAT Cash Accounting?
The date for Value Added Tax (VAT) on a sales invoice is declared on the VAT return period in which the invoice is issued and VAT on purchases can be claimed in the VAT return period in which you receive the purchase invoice, this is called VAT Invoice Accounting.
Read moreHMRC Bank accounts have changed
With effect from 9 August 2011 HMRC’s bank accounts have changed.
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