Latest News
Penalty Guidance on late payment of PAYE
HMRC have been warning employers for some time that they may have to pay a penalty if they do not pay their PAYE deductions on time. They have now issued more detailed guidance on the way in which the penalties will work.
read more...Chris Hicks, Corporate Services Partner at Francis Clark LLP, says there are many ways to reduce corporation tax and even obtain credits
Cost reduction is a holy grail for all businesses, particularly in recessionary times. So if your company pays corporation tax, are you sure you’re reducing that bill to the minimum?
read more...Holiday Home Tax Rules Deferred
Thousands of furnished holiday let owners in the Westcountry will sigh with relief, albeit possibly only for a short period, with the announcement that lucrative tax breaks for owners which were due to be abolished in April 2010 have been deferred.
read more...Damian Lannon, Tax Consultant at Francis Clark LLP, advises on making the most of the new entrepreneur’s relief lifetime limit
Business owners who are considering selling up may have had a pleasant surprise in the Budget.
read more...Fit Notes
Fit notes will be brought into effect from April 2010 and are a replacement for sick notes.
read more...Employment Rate Falls to 72.2%
The government has announced the latest employment statistics which show the number of people in employment has dropped by 54,000.
read more...Official Rate of Interest
From 6 April 2010 the official rate of interest applying to interest-free or low interest loans made to employees will be 4%.
read more...HMRC Will Publish Details of ‘Deliberate’ Offenders
HMRC have the necessary power under existing tax law to publish the details of taxpayers where it is established that they have committed ‘deliberate’ tax offences.
read more...National Insurance - New EU Rules
HMRC have released new guidance for employers about forthcoming changes to EU rules.
read more...
