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News

General News

Retirement income in the UK

04 June, 2011

Umbrella company contractors should take this as a warning and look into the proposed flat-rate pension of around £140 per week as it will not be enough to live on when retiring.

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£11,000 per annum less for a four day week

02 June, 2011

A recent survey done by Marks Sattin, a specialist financial recruitment company, showed that two thirds of accountancy and financial service professionals would give up £11,000 a year for a four-day week.

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50% tax levy agreed with Switzerland

28 May, 2011

Swiss bank accounts held by Britons will be subject to a 50% withholding tax.

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HMRC Annual Returns Reminder

14 May, 2011

The HMRC has reminded employers that they could be facing penalties if they do not get their annual returns (P35 and P14s) submitted on line before 19 May.

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Employee benefit changes as of April 2011

09 May, 2011

HM Revenue & Customs (HMRC) is offering employers who have used Employee Benefit trusts ('EBT') (and similar arrangements) the opportunity to resolve outstanding enquiries.

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Banking protocols are affecting company loans

06 May, 2011

The banking protocols that were put into place after the 2008 crisis for banks to encourage responsible lending, included rules to avoid the funding of tax avoidance schemes.

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Contractors taxed more in the UK than most other countries

18 March, 2011

According to a report by the Adam Smith Institute, UK contractors are working in one of the highest taxed countries in the world.

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Consumers easier to entice than in past years

21 May, 2010

A new report from Key Note market research highlights that customers of insurance companies are less loyal than they used to be.

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Tax amnesties for three more countries

13 April, 2010

Chancellor Alistair Darling has said that they are ready to sign tax information exchange agreements with 3 more countries.

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Bank clearance before Tax payment cheques are registered

09 April, 2010

From the 1st April the HMRC, in an attempt to encourage electronic payments, will not register cheque payments as received, until they have been cleared by the bank.

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