Current Feed Content from 8 Oct 08 03:16
Update on Exemption for Fund Management Services
Thu, 02 Oct 2008 14:24:24 +0000HMRC have now issued Business Brief 48/2008 which sets out details of the type of services which will be exempt from 1 October 2008.costaspavlou@mercerhole.co.uk (Costas Pavlou)Life policies
Tue, 16 Sep 2008 16:47:27 +0000The government has made significant changes to the way in which some life assurance policies are taxed.cathycorns@mercerhole.co.uk (Cathy Corns)The Treasury is concerned that certain structures are "abusing" the rules for tax relief on travel at a cost to the exchequer of around £300m
Mon, 15 Sep 2008 09:21:20 +0000The Treasury is concerned that certain structures are “abusing” the rules for tax relief on travel at a cost to the exchequer of around £300m. A Treasury consultation paper reveals that losses may significantly increase if it does not clamp...cathycorns@mercerhole.co.uk (Cathy Corns)Tax payments - the cost of convenience
Fri, 12 Sep 2008 09:12:35 +0000The good news is – you can now pay your tax bill on your credit card. The bad news is – this will cost you an extra 0.91%....cathycorns@mercerhole.co.uk (Cathy Corns)Good news on Research & Development
Wed, 10 Sep 2008 10:07:58 +0000From 1 August the rate available for qualifying small and medium-sized enterprises (SMEs) investing in R&D will increase from 150% to 175%. The size of company that can qualify for tax relief will also increase, from 250 employees to up...cathycorns@mercerhole.co.uk (Cathy Corns)Increase in amount due to spouses and civil partners when partner dies without leaving a will
Mon, 08 Sep 2008 08:59:35 +0000The Ministry of Justice has announced that married couples and civil partners whose spouse or civil partner dies without leaving a willcathycorns@mercerhole.co.uk (Cathy Corns)100% Capital Allowances on energy-saving plant and machinery
Wed, 03 Sep 2008 11:43:31 +0000From 11 August 2008, a new definition of energy saving machinery applies for companies wishing to claim 100% capital allowances on energy efficient machinery. The new lists can be found at www.eca.gov.uk....cathycorns@mercerhole.co.uk (Cathy Corns)HMRC offers funding for employee tax refunds
Mon, 01 Sep 2008 11:37:47 +0000HMRC has acknowledged that the tax code changes for the new 2008-09 personal allowance due to be processed in September may cause some cash-flow problems. HMRC has stated that initially employers should net any refunds against other PAYE deductions in...cathycorns@mercerhole.co.uk (Cathy Corns)Can't sell your property and thinking of renting it out?
Fri, 29 Aug 2008 14:50:51 +0000With the slow down in the property market, many businesses are unable to sell newly constructed property. The obvious solution is to try and rent in the short term until buyers can be found. However, this course of action could...janestacey@mercerhole.co.uk (Jane Stacey)Shareholders' Agreements and Inheritance Tax
Thu, 28 Aug 2008 16:20:20 +0000Most shareholders in private trading companies know that these shares will be exempt from inheritance tax (“IHT”) when they die. Many of them are also parties to what are known as shareholders’ agreements – in simple terms, private but legally...davidmansell@mercerhole.co.uk (David Mansell)Salary Sacrifice
Mon, 25 Aug 2008 09:44:04 +0000HM Revenue & Customs ("HMRC") have published guidance on the impact of salary sacrifices on statutory payments.davidmansell@mercerhole.co.uk (David Mansell)New PAYE service from October 2008 - change of plan
Sat, 23 Aug 2008 09:37:09 +0000HMRC have decided to defer the implementation of the new PAYE system from October 2008. No new implementation date has yet been set.cathycorns@mercerhole.co.uk (Cathy Corns)New Taxpayer's Charter
Wed, 20 Aug 2008 11:43:00 +0000I suspect that no-one apart from tax professionals has actually bothered to look at HMRC's new consultation on a charter for "HMRC and its customers".cathycorns@mercerhole.co.uk (Cathy Corns)Rights - what rights?
Mon, 18 Aug 2008 14:30:53 +0000HMRC is updating its rights and powers. Some of the reforms make perfect sense. My concern, which is growing, is that taxpayers' rights are not being correspondingly updated.cathycorns@mercerhole.co.uk (Cathy Corns)Getting out of the UK
Thu, 14 Aug 2008 11:34:04 +0000Getting out of the UK seems to be very popular for UK companies at the moment. It is important to remembercathycorns@mercerhole.co.uk (Cathy Corns)HMRC is hurting drivers
Mon, 11 Aug 2008 11:22:21 +0000The tax free mileage rate that private car drivers can claim has not moved at all over the last five years despite the increasing cost of petrol.cathycorns@mercerhole.co.uk (Cathy Corns)Consultation on charging interest
Mon, 04 Aug 2008 14:28:59 +0000HMRC have recently published a consultation document on interest, titled “Interest – Working Towards a Harmonised Regime” The document explains the rationale for charging and paying interest, sets out the principles underpinning the regime, looks at the anomalies of the...cathycorns@mercerhole.co.uk (Cathy Corns)The Conservatives' proposed tax simplification changes
Thu, 31 Jul 2008 11:47:31 +0000A report by a working group for the conservatives is recommending that the next conservative government should make radical changes to the way new tax legislation is drawn up and scrutinised - with a view to simplifying the UK's tax code.cathycorns@mercerhole.co.uk (Cathy Corns)That will do nicely
Thu, 31 Jul 2008 11:04:00 +0000Included in the Finance Act 2008 was a provision to enable HM Revenue & Customs to charge a fee for certain methods of payment of tax liabilities.cathycorns@mercerhole.co.uk (Cathy Corns)HMRC powers - record keeping
Wed, 30 Jul 2008 12:20:22 +0000HMRC is being given the power to set out what records should be kept and preserved.cathycorns@mercerhole.co.uk (Cathy Corns)
HMRC have now issued Business Brief 48/2008 which sets out details of the type of services which will be exempt from 1 October 2008.
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