Welcome to our October LiveWire.

As you would expect there has been a considerable backlash against the Chancellors Pre-Budget announcement to abolish business asset taper relief in favour of an 18% flat rate of tax.

Various small business groups have been lobbying the Chancellor this week and we would urge you to sign the petition to keep business asset taper relief. The link to the petition can be found by clicking on the first story below.

We are working hard to find ways for our clients to "bank" their existing taper relief entitlement and we will of course keep you updated in this respect.

As ever we would love to hear from you if there are any topics you would like to see featured in future editions of LiveWire!

Kind regards

Lesley Stalker
September 2007
Business groups 'left reeling' by tax reforms
Click here to read why leading business groups have criticised the Government's decision to abolish capital gains tax (CGT) taper relief and to sign the petition to save business asset taper relief.
Construction Industry Scheme - End of the amnesty.
Click here to read about the results of an amnesty offered by HMRC with respect to penalties chargeable for late filing of the monthly returns which came to an end on 19 October and HMRC's ongoing approach.
VAT Invoicing - More Changes!!
Click here to read about regulatory changes that have been introduced by the government in order to bring domestic legislation in line with EU VAT law and the actions you and your business may need to take.
Changes to Capital Allowances
Click here to read about the forthcoming capital allowances changes. Whilst legislation is not yet in place, guidance has been released that suggests these measures could be complex.
Credit crisis deepens as one million pay mortgage on card
Click here top read about a survey that has revealed that over one million households have used their credit cards to pay their mortgage or rent in the past year. Evidence of the country's mounting debt crisis.
© Copyright 2007
Robert James Partnership - Chartered Certified Accountants & Chartered Tax Advisers
2 A C Court, High Street, Thames Ditton, Surrey KT7 0SR
Tel: + 44 (0870) 2255220 Fax: +44 (0870) 2255221 Web: www.rjp.co.uk