November 23, 2011

Key Dates…

Key dates in the financial calendar.. 19 December 2011 PAYE and NIC due for the month ended 5th January 2012. CIS return must be submitted for the month ended 5th January 2012 19 January 2012 PAYE and NIC due for […]
November 23, 2011

HMRC targeting restaurants for investigation

This is the next major sector that HMRC have stated they are going to target for tax enquiries. Areas they are likely to examine include:- § Recording of cash sales and purchases § Gross profit rate – fluctuations from previous […]
November 23, 2011

PAYE Penalty Regime

HMRC are now starting to issue the first penalties under the new regime which was introduced for tax year 2010/11.<br/><br/>If you have monthly PAYE and NIC liabilities these must be paid by the 19th of each month or the 22nd […]
November 23, 2011

Capital Allowances/ Annual Investment Allowance

The Annual Investment Allowance (AIA) which had previously been £100,000 is reducing to £25,000 per annum from 1st April 2012.Therefore, it is tax efficient to ensure, if possible, that any major items of plant and machinery which you are planning […]
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