News

December 19, 2011

New CIS Penalties

New penalties for the late submission of CIS Returns are now in force. Returns should be submitted by the 19th of each calendar month, however, if HMRC does not receive the Return on time, including Nil Returns, the following penalties […]
December 19, 2011

VAT Returns

Due to the closure of the office over the festive periodall VAT paperwork for the VAT quarter Sept – Nov 2011 should be submitted as soon as possible and no later than Wednesday 21st December 2011 to enable the bookkeeping […]
December 19, 2011

2011 Self Assessment

We would remind you that the deadline for submitting 2010 – 2011 Self Assessment Tax Returns is fast approaching. <br/><br/>All tax returns have to be submitted electronically by 31st January 2012. We would remind you that ALL sources of income […]
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 […]
October 14, 2011

Key Dates

List of upcoming key financial dates · 19 October 2011 o PAYE and NIC due for the month ended 5th October 2011. o CIS return must be submitted for the month ended 5th October 2011 · 31 October 2011 o […]
October 14, 2011

Agency Workers: New Rights

From 1 October 2011 new regulations give agency workers certain new employment rights. If you employ agency or ‘temporary’ staff you will need to be aware of these rights, and when they apply. The rights of an agency worker are […]
October 14, 2011

Tax Return Information

Completing a Tax Return requires more information than simply the profit from your trade or employment income. Below is a list of the additional information that has to be included in your Tax Return, (please note that it is not […]
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