Source: HM Revenue & Customs | | 13/11/2014 HMRC has issued a news briefing to advise a change to the way it collects some tax credit overpayments. There has been a lot of adverse press coverage criticising HMRC for the way it collects tax credit overpayments....
Source: HM Revenue & Customs | | 13/11/2014 Now is the time that many businesses are preparing for Christmas parties for staff as well as for customers and prospective clients. VAT incurred on Christmas parties for staff can be recovered subject to the usual rules. If staff...
Source: HM Revenue & Customs | | 13/11/2014 The employment allowance of £2,000 per year for all businesses and charities was made available from April 2014. The allowance is offset against the employers Class 1 secondary NICs and can be claimed as part of the normal...
Source: HM Government | | 13/11/2014 The Government has announced that they are to waive the VAT equivalent of the estimated £1.1 million from the sale of the poppies used within the First World War commemorative installation at The Tower of London. The Government will use...
Source: HM Revenue & Customs | | 13/11/2014 There are special rules that determine the recoverability of VAT incurred before a business registers for VAT. This type of VAT is known as pre-registration input VAT. There are different rules for the supply of goods and supply...
We keep you updated We provide our clients with regular updates on changes in taxation regulation, news from the world of accounting and, of course, information about the latest developments at Baker Morris Chartered Accountants....
HMRC Campaign Offers Chance to Settle Old Tax Liabilities Taxpayers who have failed to submit tax returns are being offered the chance to come forward and pay up under a new HM Revenue and Customs (HMRC) campaign. Beginning on 9 July, the campaign is aimed at people...
Annual Tax on Enveloped Dwellings (ATED) The ATED came into effect on 1 April 2013. The tax is payable by certain non-natural persons that own interests in dwellings valued at more than £2 million. This provision affects certain companies, partnerships with company members and managers of...