Use of LLPs and partnerships is under HMRC microscope.
The Budget 2013 included a stated intention that HMRC would be enabled to take a fresh look at the possible manipulation of profit and loss
The Budget 2013 included a stated intention that HMRC would be enabled to take a fresh look at the possible manipulation of profit and loss
There are a number of circumstances where care needs to be taken in the way in which claims are made for the business use of
Employers please note that the National Minimum Wage rates are increasing from 1 October 2013. They will be: Apprentice rates: £2.68 per hour. * But
At the conclusion of the recent G8 summit at Lough Erne, a form of consensus was achieved in order to tackle the thorny issue of
HMRC have a recurring issue with individuals that have changes to their employment circumstances. Due to the “instantaneous” impact of PAYE, tax is deducted when
An aggrieved public sector worker in Hungary was dismayed when a lump sum, paid to her on retirement, was taxed at 98%. She appealed the
The debate continues! David Cameron has advised the G8 summit that the UK will draw up a register of beneficial owners of companies. The measure
Next week the world’s richest nations will be meeting in Northern Ireland and are expected to consider ways that they can address the present exploitation
Our Government believes that it can recover £300m within two years by redefining the tax status of certain partners as “salaried”. At present all individual
1 June 2013 – Due date for Corporation Tax due for the year ended 31 August 2012. 19 June 2013 – PAYE and NIC deductions
The British Retail Consortium is setting up a working group to look at the burden of taxation now suffered by the High Street retail sector
Due to a re-interpretation of the law, HMRC announced that from 6 April 2013 sleeping partners will be liable to pay National Insurance. Affected persons
Married couples and registered civil partners are allowed to transfer assets to each other during their lifetime or when they die without incurring an Inheritance
Individuals who were claiming tax credits for 2012-13 should be receiving a “Renewing your tax credits – Getting it right” pack. It is vital that
Last year a case was heard before the First-tier Tribunal that found a Furnished Holiday Let (FHL) property should not be considered an investment for