Category Archives: Taxation

Posts about taxation

PAYE payment dates alert

Posted on 18/01/2011 by Jamie Hooper ATT CTA

HMRC are tightening the rules on the payment of taxes.  To avoid paying late employers must ensure HMRC have cleared funds by the due date or, if the due date falls on a non-banking day, by the last bank working day before … Continue reading →

Posted in Employees, Employers, General news, Taxation | Leave a comment

20% VAT from 4th January 2010

Posted on 18/01/2011 by Jamie Hooper ATT CTA

Most businesses should now be aware of the increase in the standard rate of VAT to 20% on 4th Janauary 2010, however, many are still unsure of the detail.  Set out below are a few of the important issues for … Continue reading →

Posted in General news, Taxation, VAT | 1 Comment

Family companies still under scrutiny by HM Revenue & Customs

Posted on 13/09/2010 by Jamie Hooper ATT CTA

Despite several high profile cases going against HM Revenue & Customs, the tax authority is continuing to pursue shareholders in family companies where there is perceived tax avoidance by income shifting.  Income shifting is the process of diverting income from … Continue reading →

Posted in Corporate, General news, Personal, Taxation | Leave a comment

National Insurance Holiday for new businesses

Posted on 01/09/2010 by Jamie Hooper ATT CTA

This three-year scheme will be available to a qualifying new business which is set up on or after 22 June 2010.  Unfortunately, the scheme only applies to businesses outside London, the South East and the East of England. The scheme will provide exemption … Continue reading →

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New guidance on domicile and IHT issued

Posted on 27/08/2010 by Jamie Hooper ATT CTA

HM Revenue & Customs have issued a Brief to agents in which they announce a change to a wider risk-based approach when deciding whether to investigate an individual’s domicile and whether to make a determination of inheritance tax (IHT) based … Continue reading →

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National Employement Savings Trusts (Nests)

Posted on 27/08/2010 by Jamie Hooper ATT CTA

The Government is implementing a compulsory pension scheme from 2012. From 2017 employers will need to contribute at least 3% of earnings.  Employees will contribute 4% and HM Revenue & Customs 1% as tax relief. Compliance will be regulated by … Continue reading →

Posted in Employees, Employers, Pensions | Leave a comment

Time to check that PAYE code!

Posted on 26/08/2010 by Jamie Hooper ATT CTA

The vast majority of the taxpaying public are employees who pay tax through the ‘Pay as you earn’ system administered by the employer. Because of this most employees have very little involvement with HM Revenue & Customs – trusting both … Continue reading →

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Is a company car still a perk worth having?

Posted on 26/08/2010 by Jamie Hooper ATT CTA

Changes made to the taxation of company cars to fall in inline with the Government’s green agenda mean that the once great perk of motoring at the cost of the employer is no longer the benefit it once was. To … Continue reading →

Posted in Business, Employees, Employers, Taxation | Leave a comment

When did you last check your state pension entitlement?

Posted on 26/08/2010 by Jamie Hooper ATT CTA

Most people are happy to assume that each year the deduction of tax and national insurance from earnings is helping to build up their entitlement to a state pension. However, it has been revealed that of the 50 million payroll … Continue reading →

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Employers – the new penalty regime for late payment of PAYE

Posted on 26/08/2010 by Jamie Hooper ATT CTA

From May 2010 you may have to pay a penalty if you do not pay the PAYE due each month, on time and in full. The new penalties will apply to all employers. The penalties will be a percentage of … Continue reading →

Posted in Business, Taxation | Leave a comment