News

New tax investigation campaigns
Wednesday, February 15, 2012
Three new campaigns are to be launched targeting tax evasion in the UK. The current round of HMRC’s campaigns against tax avoidance goes back to the Offshore Disclosure Facility (ODF) in 2007, that targeted taxpayers with unpaid taxes linked to ...
P45 form to stay
Wednesday, February 15, 2012
The Government recently published a consultation document on the major changes planned to the way PAYE information is collected. This will see the introduction of a new system where HMRC collects real time information (RTI) for PAYE. The system will ...
Self assessment online filing statistics
Wednesday, February 15, 2012
A press release detailing the number of online filings made for the 2010/11 self assessment returns has been issued by HMRC. The use of the online service continues to grow year on year. This year a total of over 7.65 million online filings...
Employment related loans
Wednesday, February 8, 2012
The official rate of interest on an employment related loan is to remain at 4% with effect from 6 April 2012. A change in the rate is only made in the event of significant changes in interest rates. The interest rate is used to calculate the benefit ...
The Annual Investment Allowance
Wednesday, February 8, 2012
The Annual Investment Allowance (AIA) was first introduced in The 2008 Finance Act and the legislation was incorporated into the Capital Allowances Act 2001. The AIA is designed to give 100% first year tax relief for qualifying expenditure on plant a...

February 8, 2012
♦ Tribunal – VAT bad debt relief

February 1, 2012
♦ Submitting online VAT returns
♦ Commonwealth games tax break announced
♦ PAYE penalties

January 25, 2012
♦ PAYE – share based payments