Business News - August
Give Yourself A Tax Break By Cycling To Work - August 2008
Fuel prices may be starting to fall, but more and more of us are still thinking about cutting down on our mileage, not just to cut our motoring costs but to reduce our carbon footprints too.
Termination Payments - August 2008
When a business and a member of staff go their separate ways, the tax status of any termination payment can be a significant issue for both parties. In the current economic climate, where more businesses are considering redundancies, employers need to be clear where they stand.
Extra Personal Allowances - August 2008
HMRC have now issued further guidance on the increase in the personal tax allowance which is due to take effect from 7 September 2008.
Report On HMRC’s Lost Discs - August 2008
Alistair Darling has made a statement to Parliament following the Poynter Review, which was commissioned following the loss of the child benefit data discs.
Professional Subscriptions - August 2008
Do you pay any professional subscriptions? If so then tax relief may be due on the subscription as long as the professional body appears on the latest HMRC list.
HMRC Penalties For Errors - August 2008
HMRC have issued revised guidance on the system of penalties which they will be able to apply to taxpayers.
£10,000 VAT Errors - August 2008
Businesses have long been allowed to correct net errors not exceeding £2,000 in their VAT returns.
HMRC Powers - August 2008
HMRC has been busy aligning its own rights and powers following the merger, several years ago, between the two old organisations of the Inland Revenue and HM Customs.
Newcomers Must Earn The Right To Stay In The UK - August 2008
The government has announced that foreign nationals who wish to become British citizens will have to earn the right to stay here.