Monthly Archives for December, 2010

Festive Holidays…

December 8, 2010
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Curle & Co festive opening period...

Curle & Co will close for the Christmas period from Thursday 23rd December 2010 and will re-open on Wednesday 5th January 2011.

Gareth and all the staff at Curle & Co would like to thank our clients for their continued support and business throughout 2010 and wish them all a Merry Christmas and Prosperous New Year!

Merry Christmas from Curle & Co

Update

December 8, 2010
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Curle & Co. point of contact update...

Gareth’s operation was successful and he is on the road to a full recovery. He would like to thank everyone for the cards, gifts and well wishes that he has received since he has been off.

Gareth will return to the office in the New Year, therefore, in the meantime the Accounts Manager Graeme McClymont and Saralyn Curle will be the point of contact for any accounting and taxation queries. Our bookkeeping manager Jean McWhinnie will remain the contact for any bookkeeping and payroll queries.

Vat Increases

December 8, 2010
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From 4th January 2011 the standard rate of VAT is increasing from 17.5% to 20%. Those who currently use the flat rate scheme will also be affected...

From 4th January 2011 the standard rate of VAT is increasing from 17.5% to 20%. Those who currently use the flat rate scheme will also be affected.

In most cases the rate applicable will increase by 1%, however, a full list can be found on HMRC’s website.

Care should be taken to ensure that the correct VAT rate is applied; common queries are answered below:-

  • Retailers - any sales made on or after the 4th January must charge VAT at 20%. However, if a customer takes away (or you deliver) an item before 4th January but does not pay until after this date; you should use the rate of 17.5%.
  • Services that span the rate change –work started prior to but completed after 4th January must be apportioned on a fair basis to account for the VAT at the correct rate.
  • Deposits – if you receive a deposit prior to 4th January for goods or services provided after that date, you will normally be entitled to apply the rate of 17.5%, however there are exceptions to this.

    If you have any queries about the VAT rate change and how it will affect you please do not hesitate to contact us and we will endeavour to resolve your query.

  • Change of Details

    December 6, 2010
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    Changed address / telephone number / email address? Let us know...

    Please inform us of any changes to your personal details; including address (personal and business), telephone number (landline and mobile) and e-mail address. It is important that we maintain our records to ensure that we can contact you.

    In addition, by law you are required to ensure that the correct details are held by HMRC and Companies House. Once we have been notified of any changes we will inform the appropriate bodies on your behalf.

    Key Dates

    December 4, 2010
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    Key dates for your business diary...
  • 19 December 2010
    - PAYE and NIC due for the month ended 5th December 2010
    - CIS return must be submitted for the month ended 5th December 2010
  • 4 January 2011
    - VAT Rate increases from 17.5% to 20%
  • 19 January 2011
    - PAYE and NIC due for the month ended 5th January 2011.
    - CIS return must be submitted for the month ended 5th January 2011
  • 31 January 2011
    - Deadline for online submission of Self Assessment Tax Returns for the tax year ended 5th April 2010
  • 19 February 2011
    - PAYE and NIC due for the month ended 5th February 2011.
    - CIS return must be submitted for the month ended 5th January 2011

    Electronic payment of PAYE & NIC extends the due date to the 22nd of the month.