Category Archives: Business Taxation

There were unprecedented scenes in Parliament yesterday, when MPs grilled senior figures from Amazon and Starbucks over their companies’ tax affairs, particularly over the tiny amounts of tax they have paid in the UK.

Defence Secretary Philip Hammond has announced that he wants employers to give reservists more time off, after he unveiled plans to let civil servants have at least ten paid days for Territorial Army duties a year.

HM Revenue and Customs (HMRC) has now suspended its Business Record Checks (BRCs) programme while it carries out further consultation. HMRC first launched the pilot scheme in April 2011 and has already checked the records of around 2,500 businesses, finding … Continue reading →

HMRC revealed today that they will be targeting those in ‘home improvement trades’ such as builders, roofers and bricklayers, as well as those who make money from direct selling through hand-delivered home catalogues or ‘party plans’ sales. The Revenue also … Continue reading →

New businesses excluded from a Government scheme to encourage more start-ups should still ensure they plan ahead to minimise their tax liabilities. The National Insurance Contributions (NIC) holiday scheme The scheme was launched on September 6th 2010 and means employers … Continue reading →

If you are a plumber or heating engineer and have undeclared earnings then now is the time to tell the taxman. New amnesty launched HM Revenue and Customs (HMRC) has launched a ‘tax amnesty’ known as the Plumbers Tax Safe … Continue reading →

On 1st March 2011, HMRC finally increased their allowable fuel rates to better reflect the sustantial increases in fuel prices we have all been suffering. To make sure you are using the correct rate to get maximum tax benefit visit … Continue reading →

During his first budget speech in the Summer the current chancellor announced that the standard rate of VAT would be increased from 17.5% to 20% on 4th January 2011, the third rate change in two years. If you are using … Continue reading →

New businesses excluded from a Government scheme to encourage more start-ups should still ensure they plan ahead to minimise their tax liabilities. The National Insurance Contributions (NIC) holiday scheme, which was launched on September 6th 2010, means employers will not … Continue reading →