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Mileage rates from July: In TT129 we reported on the new rates to be used for paying the fuel-only element to employees who claim for business miles driven in company cars. (Remember,

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State Earnings Related Pension Scheme During the course of the working life of any employee in the UK they will pay Class 1 National Insurance Contributions. A proportion of these

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Scarlett O’Hara famously declared: “Death, taxes and childbirth! There’s never any convenient time for any of them.” How right she was – and when it comes to IHT, death and

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The recent uproar over MPs’ second homes has brought the current capital gains tax (CGT) rules onto the front pages. Commentators have speculated that the misuse of House of Commons

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In my post the other day I got my own self assessment statement of account which for once showed that my account was in credit! It was enough to buy

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Tax Relief Changes: On the same day as the last budget the government slipped in a change to tax relief on losses from renting out holiday homes. This will impact

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What Are Business Grants: Grants are a form of financial assistance available to businesses to support their expansion, modernisation, rationalisation and diversification. Known as Grants for Business Investment (GBI), they

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In this issue of Topical Tips, we look at the relief from Inheritance Tax (IHT) on business property and a recent case that has made the relief even more beneficial.

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What’s in a name? That which we call a rose by another other name would smell as sweet. Romeo and Juliet (II,ii,1-2) Or Would It? To take this famous quote

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The pension landscape changed in April 2006 when the limit on contributions was loosened, but replaced with a limit on the amount that you can have in a pension fund.

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In the current economic climate, some businesses will take strategic decisions that, whilst done for commercially justifiable reasons, will have a VAT impact. For instance, consider a business that decides

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From 1 February 2009 the late filing penalties for company accounts have risen. Remember, the deadlines and penalties apply not only to limited companies, but also Limited Liability Partnerships (LLPs).