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News

Company Tax

The taxman can now pitch up without warning

06 August, 2009

The HMRC has now got powers to visit and inspect business premises, and obtain information from a taxpayer, without giving notice.

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HMRC Tax amnesty has been labelled as unfair

06 August, 2009

Confirmed details are now available on the design of the New Disclosure Opportunity (NDO) in an HMRC news release and on the HMRC website.

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VAT Fraud warning by HMRC

04 August, 2009

Additional fraud cases on VAT and other taxes are expected to be uncovered by the HMRC who are working on reducing tax fraud.

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Reduce business rates for small companies

14 July, 2009

It has recently been suggested that business rates should be reduced for small and medium-sized enterprises.

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Treasury’s new 50% tax rate unfair

24 June, 2009

Recent reports have labelled the Treasury's new 50% tax rate as "unfair, complex, inefficient and damaging".

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VAT is 42% of deferred business tax

17 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.

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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.

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Electronic PAYE

22 May, 2009

Employers with 50 or more employees may be facing penalties for late PAYE returns.

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