Business News
Where giving to charity is a win-win situation
Stratford-upon-Avon accountants Murphy Salisbury are advising tax payers to take advantage of the government's Gift Aid system, where donors are invited to tick a box confirming that they are a UK taxpayer, allowing the charity to claim back a 25p tax credit for every £1 donated.
VAT - Compulsory on Line Filing
Stratford-upon-Avon accountants Murphy Salisbury are reminding business owners that HM Revenue and Customs (HMRC) has updated its online service for VAT ahead of new rules which come into force in April.
Extra National Insurance Burden Ahead
One of the significant announcements in the Pre-Budget Report is a further increase in national insurance contributions (NIC) which is to take effect from 6 April 2011.
Special Annual Allowance Charge - New Limits for 2009/10
In the Pre-Budget Report changes were announced to the complex rules for the Special Annual Allowance (SAA) charge which affects those with substantial income who make significant pension contributions. The current rate of the SAA charge is 20% on excess pension contributions.
Bank Payroll Tax
n a move designed to tackle certain remuneration practices that are considered to have contributed to 'excessive risk taking' in the banking industry, a temporary bank payroll tax of 50% is to apply to certain bonuses regardless of how they are paid.
Offshore Disclosure Extension
HMRC is giving taxpayers with offshore investments more time to come forward under the New Disclosure Opportunity (NDO). The registration deadline, which was due to expire on 30 November 2009 has been moved to 4 January 2010 as some banks need more time to contact their offshore customers.
Changes to the Advisory Fuel Rates from 1 December 2009
To reflect the increase in fuel prices, HMRC have issued new advisory fuel rates for employees driving employer provided cars.
HMRC Warn of More Scam Emails
s the end of the year fast approaches HMRC are reminding taxpayers to be vigilant as scam emails have been reported. For details of their latest guidance on scam emails, more information on this and other scams together with a copy of the latest example visit the links below.
Tax Relief on Nursery Vouchers
Gordon Brown had revised his proposal to withdraw the income tax and NI exemption on employer provided childcare vouchers.
Bad Weather Advice
The Institution of Occupational Safety and Health (IOSH) are warning people to be prepared for poor weather conditions when travelling. They have produced a few tips to help ensure that travel, whether it is for work or pleasure, remains safe despite the weather.
To find out more about how our leading firm of accountants in Stratford-upon-Avon and Warwickshire can help you, please contact us.
