Digital Tax Accounts Raise Reporting Concerns for Non-Broadband Users

Posted by on 7 March 2016 | 0 Comments

The new tax year, 2015-2016, will see the first use of online tax accounts. This introduction is set to remove the requirement for self-assessment forms once the system is rolled out as it replaces these forms with universal digital tax accounts.

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Humanitarian Tax suggested by UN

Posted by on 25 February 2016 | 0 Comments

A study by The United Nations suggests that countries should consider the introduction of a voluntary tax in leisure activities such as concerts and football matches in order to raise funds for humanitarian operations.

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EU pushed to adopt Fair Tax Payer label for companies

Posted by on 18 February 2016 | 0 Comments

A proposal to introduce a voluntary ‘Fair Tax Payer’ label for companies who engage in good tax practices is being requested to be brought forward. The European parliament is calling on the European commission to bring the proposal forward in order to increase tax transparency.

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Small businesses confused over auto-enrolment.

Posted by on 10 February 2016 | 0 Comments

More than a million small businesses have to enrol employees automatically into a workplace pension scheme within the next two years;this new rule has left some employers confused about their responsibilities.

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Airport shops could be forced to give VAT discounts.

Posted by on 4 February 2016 | 0 Comments

Following the launch of a government inquiry airport shops could be forced to give VAT discounts to passengers travelling outside the European Union.

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HMRC plans to shut 137 offices over the next five years.

Posted by on 29 January 2016 | 0 Comments

As part of its digital strategy HMRC will close 137 of its 170 offices across the country, affecting 60,000 staff with unconfirmed job losses as the tax department moves its operations into 13 super hubs.

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Self-Assessment deadline approaching

Posted by on 20 January 2016 | 0 Comments

The HMRC have reported record breaking number of people submitting their tax returns over the Christmas period. 24,546 people submitted their tax return online on New Year’s Eve and more than 11,467 people sent off their self-assessment tax return on New Year’s Day. Even Christmas day saw in excess of 2,000 taxpayers submitting their tax returns.

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'State Pension top up’ scheme

Posted by on 14 January 2016 | 0 Comments

A new scheme is being launched offering anyone reaching State Pension age before 6 April 2016 a chance to increase their State Pension by up to £25 a week.

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Autumn Statement 2015 – Key Announcements for buy to let landlords and those with second homes

Posted by on 7 January 2016 | 0 Comments

Higher SDLT on purchases of additional residential properties

From 1 April 2016 higher rates of SDLT will be charged on additional residential properties , such as buy to let properties and second homes  (above £40,000) These higher rates will be three percentage points above the current SDLT rates.

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Autumn Statement 2015 – Key announcements for employers and company car drivers

Posted by on 22 December 2015 | 0 Comments

Retaining the 3% diesel supplement for company cars which was to abolished

The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are now announced well advance. Cars are taxed by reference to bands of CO2emissions. From 6 April 2015 the percentage applied by each band went up by 2% and the maximum charge is capped at 37% of the list price of the car.

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