Insights


Image
August 22, 2008

VAT Error Disclosure


Categories:

Previous rules The previous rules for VAT registered businesses required corrections for VAT errors to be made on the next VAT return, so long as the net errors were up

Read More
Image
July 23, 2008

Non-Domiciled Rules


Categories:

There has been considerable media publicity about the proposals to amend the UK taxation policy in respect of individuals who are not domiciled in the UK (so-called non-doms). The proposals

Read More
Image
July 22, 2008

Plant & Machinery Tax Relief


Categories:

n the March 2008 Budget, the Chancellor introduced a new form of first year allowance (FYA) for businesses that buy plant and machinery for use in their trade. The old

Read More
Image
June 23, 2008

Tax – Residence Status


Categories:

The determination of an individual’s residence status in the UK is critical when establishing their liability to UK taxes. There is no legal definition of residence, but it is accepted

Read More
Image
June 22, 2008

Tax Free Business Milage Rating Update


Categories:

In Topical Tips 107 we advised on the new rates an employee can claim for business mileage when they pay for all the fuel on a company car. That was from 1

Read More
Image
May 22, 2008

Income Tax Changes


Categories:

In Gordon Brown’s last Budget in 2007 he announced the 10% tax rate would be abolished with effect from April 2008. Somewhat belatedly, Labour back-benchers and other interested groups woke

Read More
Image
April 23, 2008

VAT Fuel Scale Update


Categories:

In Topical Tips 103 we reported on a change to VAT fuel scale charges effective 1 May 2007. This linked the VAT charge for businesses that recover VAT on fuel used for

Read More
Image
April 22, 2008

Companies Act – 2008


Categories:

Phased implementation The Companies Act 2006 has passed into law, but its full effects are yet to be felt. Certain measures were introduced immediately, but the remaining aspects of the

Read More
Image
March 22, 2008

Shareholder Protection


Categories:

A familiar format Being a limited company is the vehicle of choice for many business people. It is familiar to customers and suppliers and provides limited liability. Many businesses are

Read More
Image
February 22, 2008

Construction Industry Scheme Update


Categories:

Why is there a Construction Industry Scheme? From 6 April 2007 a new Construction Industry Scheme (CIS) has operated. Whilst it is not ‘new’ any more, the rules are worth

Read More
Image
January 24, 2008

Capital Gains Tax Update


Categories:

The Chancellor changes his mind! After a barrage of criticism from the business community, the Chancellor has on 24 January 2008 announced a softening of the new Capital Gains Tax

Read More
Image
January 23, 2008

Pension Scheme Administration


Categories:

Urgent action may be required If you are a pension scheme trustee, urgent action may be required on your part, or on the part of your Scheme Administrator. Who is

Read More

Search by