Tag Archives: Tax Advice

The Tax Gap

There is a famous saying about lies and statistics which is often quoted when anyone doesn’t want to believe the statistics they are being presented with. Indeed, it is true that how you present statistics is as important as the … Continue reading

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Manufactured Overseas Dividends

The Government has taken immediate steps to clarify the tax treatment of Manufactured Overseas Dividends (MOD) by publishing draft legislation to be incorporated within the 2012 Finance Bill. The legislation will take effect for MOD paid on or after the … Continue reading

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Defined Benefit Schemes

Defined Benefit schemes have taken a hefty knock in recent years. These schemes, otherwise known as Final Salary Schemes, promise an employee a set percentage of their salary on retirement. Usually calculated in 60ths or 80ths the percentage is often … Continue reading

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Relief as additional Enterprise zones announced

The recent Government announcement on the creation of a further eleven Enterprise Zones has been seen as welcome news for businesses, councils and investors alike. At the time of the announcement in the March 2011 Budget that eleven zones were … Continue reading

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Self Assessment

Those with straightforward tax affairs who are paid via PAYE may never have to complete a self assessment tax form. For the rest, including the self employed, company directors, trustees and those with a foreign income completion of an annual … Continue reading

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New projects for the Office of Tax Simplification

The Exchequer Secretary, David Gauke, has written to the Office of Tax Simplification (OTS) asking them to review three further areas of taxation. The aim of these reviews is to streamline and simplify the process of tax calculations thereby reducing … Continue reading

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Calculating an Inheritance

The recent HMRC investigations into small business tax, including that of plumbers and restaurants, have received fairly wide publicity. However, according to accountancy firm UHY Hacker Young, there is another area which HMRC have been quietly spotlighting over the past … Continue reading

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Income tax planning 2010/11

HMRC has issued a timely reminder to everyone filing Income Tax Self Assessment (ITSA) Tax Returns that the new penalty regime for late filing of returns starts shortly. This includes not only an initial £100 fine but daily charges of … Continue reading

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Helping the country whilst mitigating tax

Top rate tax payers have only a short time left to take advantage of a Government backed tax mitigation scheme warns Newshams Tax Solicitors. The current scheme which gives tax relief for investments in Enterprise Zone development and which has … Continue reading

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Attention Property Lawyers!

Property lawyers and conveyancers should be aware that HM Revenue and Customs (HMRC) have announced a change to the information required in Stamp Duty Land Tax (SDLT) returns. HMRC has stated that the new forms will be available for use from April 2011 and must be used with effect from 4 July 2011. Continue reading

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