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VAT is 42% of deferred business tax
16 June, 2009
Reports are showing that due to cash problems, approximately 141,000 businesses have deferred their tax payments, totalling an amount of £2.5bn.
Non-residents tax rules tightened by HMRC
15 June, 2009
The HMRC has tightened the tax rules for non-residents who may now have to pay more tax.
Tax credits reminder from the HMRC
15 June, 2009
An important reminder has been issued by the HMRC to freelance consultants and contractors who claim tax credits states that they only have until the 31st July to return their paperwork.
Tax changes could cause contractors to leave the country
15 June, 2009
As from 2010 people earning more than £150,000 will have to pay a heavy 50 per cent tax, something which is likely to cause contractors to leave the country.
Online tax returns hindered by lack of skills
12 June, 2009
A lack of IT skills in businesses, include freelance contractors, is slowing down the success of the HMRC's move towards online tax returns
VAT Changes for 2010
11 June, 2009
On the 1st January 2010 there will be significant changes to VAT legislation and the way that VAT is administered.
Conservatives in fight over tax avoidance legislation
05 June, 2009
In a parliamentary battle the Conservatives challenged the finance bill containing plans to shut down a tax avoidance scheme used by hedge fund managers.
Vehicle Scrapping VAT Problems
23 May, 2009
A huge interest in the vehicle scrapping scheme was reported earlier this week.
Stephen Haddrill is the new Chief Regulator
22 May, 2009
The current director general of the Association of British Insurers, Stephen Haddrill, has been appointed as the New Chief Regulator.
Electronic PAYE
21 May, 2009
Employers with 50 or more employees may be facing penalties for late PAYE returns.