Latest News

CAPITAL GAINS TAX REGIME FROM 23 JUNE 2010

  • Entrepreneurs

CAPITAL ALLOWANCES CHANGES FROM APRIL 2012

Annual investment allowance (AIA)

The AIA is fast becoming a political football. It was

PENSION SCHEME CHANGES

Higher rate tax relief

Consideration is being given to abolishing the rules in Finance Act 2010 whereby from 6 April 2011 those with income of at least

VAT INCREASE FROM 4 JANUARY 2011

The new 20% standard rate applies to goods or services to be delivered or performed on or after 4 January 2011.

Anti-forestalling rules will apply to artificial arrangements involving a VAT invoice being issued, or payment being made in advance, where the goods or services are not due to be delivered or performed until on or after 4 January 2011.

It creates a supplementary charge to VAT at 2.5% where the customer cannot recover all the VAT and at least one of the following conditions are met:

FURNISHED HOLIDAY LETTINGS REVISITED

1.    This tax-favoured investment provides the following main advantages where the property is in the UK or the EEA. They were planned to end on 5 April 2010 but that did not get through the debate on the Finance Bill 2010 so the opportunities are still there:

  • CGT entrepreneurs

Emergency Budget 2010

Following on from the emergency budget presented by George Osborne on Tuesday 22 June 2010.

We have uploaded our summary of the 2010 emergency budget which focuses on the issues likely to affect you, your family and your business. If you have any questions please do not hesitate to contact Ian, Steve or Melvin for advice.

Just click here to read the summary.

The Budget 2010

Following on from the budget presented by Alistair Darling on Wednesday 24 March 2010.

We have uploaded our summary of the 2010 budget which focuses on the issues likely to affect you, your family and your business. If you have  any questions please do not hesitate to contact Ian, Steve or Melvin for advice.

Just click here to read the summary.

Action to consider before the Emergency Budget

The next Tax Newsletter will concentrate on developments from the Budget on 22 June. In the meantime you should consider creating a disposal before then of an asset standing at a gain in case CGT rates are increased in line with the Coalition Goverment agreement as follows:

Tax Review Form 810

If you are lucky enough not to have to fill in a Self Assessment tax return every year, HMRC may still decide to check your income every so often to make sure you do not pay too much or too little tax.

New Business Kit 2010

Are you thinking about starting a new business? That's perfect.

Download a copy of our latest new business kit which will hopefully tell you everything you need to know about starting your own business.

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