If you make deductions from employee wage packets did you know that in some instances VAT is payable on those deductions? Additionally, there are important changes to the VAT payable on salary-sacrifice schemes, which come into force on 1 January 2012.
Leave a Comment November 30, 2011
It has come to our attention that HMRC have started issuing letters to UK customers of HSBC Switzerland requesting that they sign certain forms in respect of their tax affairs. These letters originate from the new Criminal Intelligence Group which is based out of Birmingham.
Recipients are being asked to respond by signing the forms before the 21st December deadline. Although the letter isn’t explicit, it’s quite likely that if you get one of these and do nothing, HMRC will launch a full investigation into your tax affairs.
Our advice to any clients or colleagues who get one of these letters is DO NOT SIGN ANYTHING without taking expert advice. If you are unsure and want some immediate advice about this, please do not hesitate to get in touch for a confidential, no cost and no obligation discussion.
You can email any of RJP’s partners, Lesley, Simon or Paul.
Leave a Comment November 30, 2011
Before we give the lowdown on the Chancellor’s autumn statement, it’s worth mentioning that pithy overviews of pre-Budget announcements such as this are easier to do when there are some upbeat headlines as well as the inevitable sharp intakes of breath and economic tightening of belts, says Paul Webb, tax partner at Surrey accountant RJP. Not so here. In his speech, Osborne said he would do ‘whatever it takes’ to protect Britain from the ‘debt storm’ in Europe. (more…)
Leave a Comment November 30, 2011
With tax return season looming, there have been some important changes to the penalty system created in the Finance Act 2009 which have just come into force and which those keen to minimise tax with tax planning should take note of.
Leave a Comment November 27, 2011
Whatever your circumstances it’s imperative to know what you should do if you have a tax shortfall to declare. The good news is that HMRC has several initiatives up and running aimed at helping you out; the bad news is that it is more determined than ever to crack down not just on tax evasion but on poor record keeping as well. (more…)
Leave a Comment November 18, 2011
TAX Talk RSS Feed50% tax rate Accountancy Bookkeeping Budget Stuff capital allowances company news Corporate Taxation CVA eis enquiries entrepreneurs relief exit strategy financial advice government Green taxes HMRC IHT insolvency investment jobs Payroll Tax pensions Personal Taxation Pre-Budget Report (PBR) property R&D tax credits Share Schemes small business small business record checks tax planning tax relief Taxation Uncategorized VAT
