BRAMWELL MORRIS

Providing Fuel For Employees 29/06/2006
It is suprising how many employers still provide fuel along with company cars as this approach is very often not economic. With a scale charge at 15-35 per cent calculated on the fixed sum of £14,499, many drivers would find it cheaper to pay for all fuel than pay the tax charge.

Verifying Subcontractors 29/06/2006
Verification is a new process where you can check to see whether to pay a subcontractor gross or net. However, unlike the old system where the subcontractor would show you a card or certificate, its now up to you to 'verify' their details direct with HMRC. But you don’t have to do that all the time. In fact, most existing subcontractors do not need to be verified...

Profit Extraction - How much can i take out? 24/10/2005
This is possibly the time of year when taking out an extra dividend would help with your personal cash flow. What’s the maximum dividend you can take out this year in light of the new rule introduced by Gordon Brown?

AUDIT EXEMPTION RULES 14/04/2005
The following rules governing audit exemption came into force for accounting periods ending on or after 30 March 2004

E-filing incentives for small employers 12/04/2005
Where a 2004/05 P35 return for less than 50 employees is successfully e-filed before 19 May 2005 a tax incentive of £250 is due to the employer.

INCOME TAX

Child Trust Funds 14/04/2005
The Child Trust Fund (CTF) is a savings and investment account which is designed to ensure that all children born on or after 1 September 2002 will be entitled to a fund of assets when they reach the age of 18.

Budget Report 2005-06 12/04/2005
Income tax allowances 2004-05 2005-06

Rent a Room scheme 25/02/2003
Are you renting out a room in your only or main home?

Revenue threatens late filers 15/01/2003
File your tax return and late and the Revenue, in a tough on evasion posture, will think that you’ve something to hide.

Do you think you have been overcharged by your mortgage lender? 08/11/2002
If you do then LoanCheck can audit your account and indentify any overcharges have been made against you.

VAT

Dont forget your pre-registration input VAT 24/10/2005
In a recent tribunal case it was once again made clear that the VAT you paid before registration is recoverable, within certain limits. What should you do to make sure you don’t loose out?

Reasonable Excuse and Serious Misdeclaration Penalties 17/10/2002
A taxpayer appealed against a serious misdeclaration penalty, resulting from an error made by a company accountant when he was stressed by the death of his mother, claiming reasonable excuse

A Registration Horror 23/09/2002
Consider a trader who trades modestly,lives well and is content. S/He has a very good year and the turnover shoots above the VAT threshold (currently £55,000 per year) because of hard work and a good contract.

Coming to a tax office near you 23/09/2002
Vat compliance particularly in issues of registration have always been tricky for the Customs and Excise to police since registration is down to the individual tax payer.

NEWS SECTIONS

1 + 1 = anything you like

business

income tax

vat

site designed & developed by:
The Media Tank