Scott & Wilkinson Blog - Page 41
Please select a news item listed below which may be of interest to you. Alternatively, please review our archives at the bottom of the page by year. If any of them are of interest and you require more information, please do not hesitate to contact the office.
Hartley & Co Accountants and Tax Consultants Merger
Date: 27/02/13
We are pleased to announce that we have recently expanded following our decision to join forces with Hartley and Co Accountants and Tax Consultants. Graham Hartley, former proprietor of Hartley and Co, said that the coming together of the two firms... Read More
HMRC successfully challenge IHT relief on Furnished Holiday Let
Date: 26/02/13
In a recent tax case last month, HM Revenue and Customs (HMRC) successfully challenged the decision of a previous tax tribunal which had ruled that a Furnished Holiday Let (FHL) should qualify for relief from Inheritance Tax. The case concerned a... Read More
Payroll giving reforms unveiled
Date: 13/02/13
The Government are proposing changes to payroll giving designed to increase the number of employees donating. Payroll giving allows UK taxpayers to make regular tax-free donations to good causes on a tax free basis through deductions from their... Read More
HMRC draws up timetable to identify tax evaders
Date: 11/02/13
HM Revenue and Customs (HMRC) has drawn up a timetable of investigations it plans to launch over the next six months as part of an ongoing crackdown on tax evasion by wealthy individuals. The document, entitled 'Closing in on Tax Evasion', sets out... Read More
HMRC target businesses with outstanding VAT
Date: 09/02/13
HM Revenue and Customs (HMRC) are currently targeting businesses with outstanding VAT returns. The number of businesses currently required to file monthly VAT returns stands at more than 600, 000. However, HMRC believes that around 50, 000... Read More
300,000 late filers could have their goods seized
Date: 17/01/13
Hundreds of thousands of people who failed to submit self-assessment tax returns could end up having their goods seized by bailiffs as HM Revenue and Customs (HMRC) continues to toughen up its stance against those who fail to meet their tax... Read More
Changes to EMI rules announced
Date: 14/01/13
Small businesses need to be aware of changes to employee share scheme rules which may help them retain key staff. The changes to the Enterprise Management Incentive (EMI) share option scheme are outlined in the newly published draft Finance Bill. ... Read More
Businesses urged to take advantage of Annual Investment Allowance (AIA) increase
Date: 07/01/13
Businesses urged to make use of a temporary ten-fold increase in the annual investment allowance (AIA) for plant and machinery, which came into force on 1 January. This means that businesses will benefit from 100 per cent tax relief on £250, 000 of... Read More
More Homeowners to Face Scrutiny from Elite Tax Unit
Date: 02/01/13
An elite tax unit focusing on the 'super-wealthy' is to lower its threshold to target homeowners with property worth more than £1 million. HM Revenue and Customs' (HMRC) 'affluence unit', consisting of 200 tax investigators and technical... Read More