All online tax returns must be filed by midnight on the 31st January or...
Given the significant rise in the number of investigations being carried out, the likelihood...
The HRMC published a consultation paper on the 17th December 2010 outlining their intention...
Since 1997 we have had a system called “self-assessment” for tax. This means that...
From October 2010 the NIC bill was introduced into the commons. In the bill the “Regional Employer National Insurance Contributions Holiday for New Businesses” which is also known as the NIC Holiday scheme, was also introduced. The scheme came into effect from 6th September 2010. This scheme allows all “new businesses” (any business which commenced … Continued
From April 2011 payments for Class 2 National Insurance contributions, which is the National Insurance for self employed, will be due on 31 January and 31 July. These are the same dates self-assessment tax payments are due. In future, taxpayers who make payments by internet/telephone banking, CHAPS, bank giro, Post Office or through the post … Continued
The new standard VAT rate of 20% comes into effect as of the 4th January 2011. This means that any goods or services supplied on or after this date should be charged at the new VAT rate. However not all goods have the standard VAT added to them and are subject to other rates of … Continued