Scott & Wilkinson Blog - Page 42
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.
Tax Free Staff Perks to be Reviewed
Date: 27/12/12
The Government is to review tax-free perks which many employers offer to their staff. Chancellor George Osborne has asked the Office for Tax Simplification (OTS) to carry out a review of workplace expenses to see if more tax should be paid. This... Read More
Business Records Checks Resume
Date: 19/12/12
HM Revenue and Customs (HMRC) has now relaunched its Business Records Checks (BRC) programme. The pilot scheme was first launched in April 2011, but BRCs were suspended in March this year to allow further consultation to be carried out, amid claims... Read More
RTI Errors will be Penalised from April 2013
Date: 17/12/12
HM Revenue and Customs (HMRC) will be taking a tough stance on errors in PAYE submissions when Real Time Information (RTI) is launched next year. HMRC has announced that it will impose financial penalties for errors in submissions from April 2013,... Read More
Annual Investment Allowance - all change again
Date: 13/12/12
In his recent Autumn Statement, the Chancellor announced a number of changes which will impact on businesses in forthcoming tax years. One of the more immediate changes is the temporary increase in the Annual Investment Allowance (AIA) from £25,... Read More
VAT - Self Storage
Date: 20/11/12
Up until 1 October 2012, the provision of a clearly defined space (technically known as a 'licence to occupy land') for the self storage of goods was exempt for VAT purposes. Self storage, as the name suggests, is the letting of space to a third... Read More
Children In Need 2012
Date: 19/11/12
We are please to announce that following a week of baking and a tombola we have managed to raise an amazing £500 towards Children In Need. Thank you to everyone who not only baked and brought in tombola prizes but also to those who came in to buy a... Read More
Sage 50 - When to Upgrade
Date: 01/11/12
The answer is 'it depends'. More often than not, there is generally no need to upgrade between one year and the next. Each year Sage adds new features to their software. Some of these new features are fairly minor meaning an upgrade isn't really... Read More
High Income Child Benefit Charge
Date: 24/10/12
In the 2012 Budget the Government introduced a new charge which will apply to high earners where they or their partner claim Child Benefit. It is expected that up to 1. 2 million families will be affected. Taxpayers affected are those where they or... Read More
What's new in Sage 50 2013
Date: 23/10/12
Each year Sage adds new features with the aim of making the software more user friendly. A full breakdown of ? What? s new? can be found by clicking on the following link Read More
