Shopping around for annuities

An Annuity is the lifetime income you purchase from your Pension Plan. Annuity rates vary from one lifecompany to another, so you should always make sure you shop around to get the best deal available for you. This can be done by speaking to an Independent Financial Adviser (IFA). When are you able to shop … Continued

Protection for self assessment

The existence of an insurance scheme has attracted considerable interest amongst those required to make a tax return to HM Revenue & Customs. Bearing in mind the fact that full tax reviews can last for a period of twelve months, or in some cases even longer, it is essential that fee protection through yearly insurance … Continued

P11D Deadline reminder for employers

The deadline for P11D, P11D(b) and P9D is 6 July 2011 and if you miss the deadline you may receive a penalty. You also need to ensure payment of the Class 1A NICs declared on form P11d(b) is received by HMRC by 22 July, or by 19 July if you pay by cheque. P11D is … Continued

Pressure increases for a reduction in NI Corporation Tax

Northern Ireland businesses are currently being taxed 26% compared to 12.5% in the Republic. However this could soon change after a report from the Northern Ireland Affairs Committee. “On balance, we believe there is a convincing case for reducing the corporation tax rate in Northern Ireland, not least so it can better compete with the … Continued

HMRC get tough on VAT and Tax checks

The HMRC have decided to turn up the heat later this summer and target businesses trading above the VAT threshold but have failed to register for the tax. At present, the VAT threshold is £73,000 turnover and increases on an annual basis. Tax Checks HMRC are working on streamlining and simplifying the process under which … Continued