Lost pension relief for higher rate tax payers

A recent survey has suggested that up to 250,000 higher rate tax payers are not claiming tax relief on their pension contributions. If you are earning in excess of £45,000 and make contributions to a personal pension you may be one of these people. For more information contact Jamie

The VAT trap for sole traders – multiple trades

The majority of sole traders are aware of their obligations to register for VAT when their business turnover has gone over a specific limit - called the 'VAT threshold' (currently £70,000), but few realise that it is not their 'business' that is registered but them personally. Why does this matter? Where an individual carries

2009/2010 P35 and P14s

From 6th April 2010 all employers must file their Employer Annual (P35 and P14s) online.  If you need assistance filing your returns we would be pleased to help but would ask you to contact us as soon as possible in order that your are prepared in good time to meet these new obligations. If

Online VAT

From 1 April 2010 it will be compulsory for certain businesses to file VAT returns online and to pay VAT electronically. Who will be affected? - Existing businesses with an annual VAT exclusive turnover of £100,000 or more. - All businesses newly registered for VAT on or after 1 April 2010, irrespective of turnover. What to do if

Ready for iXBRL?

From April 2011, under Government proposals, all companies, clubs, societies, associations and other unincorporated bodies will have to: File company tax returns online for all returns delivered after 31 March 2011 for accounting periods ending after 31 March 2010, using a specified XBRL data standard for accounts and computations; and Pay Corporation Tax (CT)