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Welcome to our July LiveWire. This month sees a victory for SME's in the form of the verdict from the House of Lords in the Arctic Systems Case. The House of Lords has ruled in favour of the taxpayer and rejected HMRC’s attempt to introduce a tax hike for thousands of businesses by reinterpreting the law on dividends payments retrospectively. Whilst this is a welcome ruling it does beg the question as to what action, if any, H M Revenue and Customs will take next. We will of course keep you posted! 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 |
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June 2007 |
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| Small business wins landmark family tax case
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| Click here to read more about the landmark tax case involving the family-run IT business Arctic Systems finally reaching a conclusion. | ||
| Revenue Recognition
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| Click here to read more about the potential challenges introduced by UITF 40 and your income accountability. | ||
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Tax return backlog 'approaching 12m'
Click here to read about the latest figures placing HMRC at around 11 million Tax returns behind schedule. |
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Government releases guidance on new holiday entitlement
Click here to read about the DBERR releasing new guidance on the forthcoming increase in the statutory holiday entitlement. |
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HMRC plans to take unpaid tax directly from bank accounts
Click here to read how in the future, money owed to the taxman could be taken automatically from people’s bank accounts. |
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© Copyright 2007 |
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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 |
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