Business News - July
Emergency Budget - July 2010
George Osborne presented his first Budget on Tuesday 22 June 2010.
Capital Gains Tax Changes - July 2010
A new rate of Capital Gains Tax (CGT) of 28% will be introduced. For individuals, the rate of CGT remains at 18% where total taxable gains and income, after taking into account all allowable deductions including losses, personal allowances and the CGT annual exemption, are less than the basic rate limit.
Budget Date Announced - June 2010
The new coalition government is settling into office and a date has been announced for the emergency Budget. Chancellor of the Exchequer George Osborne will present the emergency Budget on Tuesday 22 June 2010.
Standard Rate of VAT to Increase - July 2010
It is proposed to increase the standard rate of VAT from 17.5% to 20% with effect for any supply made on or after 4 January 2011.
HMRC Amend PAYE Penalties Guidance - July 2010
At the start of the tax year new late payment penalties were introduced for PAYE and other payments due from employers.
Keep Proper Records! - July 2010
HMRC have recently issued a reminder about the various 'toolkits' that they have developed to assist agents when preparing returns.
HMRC Launch Tax Credit Video - July 2010
Every year, tax credit claimants must renew their tax credit awards by 31 July or their payments may stop.
Business Link Guidance For Farmers - July 2010
Business Link has set up a dedicated new online service for farmers and growers.
Maternity Rights for the Self Employed - July 2010
It appears as though the self employed will become entitled to maternity leave for the first time under new laws introduced by the European Union (EU).
HMRC Warn of Email Rebate Scam - May 2010
HMRC are warning that taxpayers are being emailed stating that they are entitled to a tax rebate.