News
General News
£100m to be paid on VAT cases by HMRC
22 July, 2009
The HMRC is likely to pay out about at least £100m to businesses in overpaid VAT, after dropping its request for a ‘stay’ in the Fleming-Bodycraft case.
Accountants may have to disclose client details says the HMRC
13 July, 2009
The HMRC has recommended a new rule that would compel accountants to disclose the details of any clients who participate in schemes that avoid paying the 50% income tax rate.
Entrepreneurs are advised to take risks
10 July, 2009
In recent reports it has been suggested that contractors and freelance consultants as well as other types of entrepreneurs must take risks.
Stop overtime and use the money to pay for full-time jobs
09 July, 2009
The union wants the HMRC to end overtime and to use the money towards more full-time jobs.
Figures show that SME’s lack business investigation
03 July, 2009
According to a recent report there is a huge lack of investigation by SME's into the companies they do business with.
Tax-avoiding banks warned by Chancellor
29 June, 2009
Chancellor Alistair Darling has said that banks are to stop avoiding tax or they will face greater oversight.
UK Business failure rates
24 June, 2009
Research by accountants BDO Stoy Hayward shows that a record 36,200 businesses in the UK will fail this year, with a possible greater number in 2010.
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.