Scott & Wilkinson Blog - Page 51
Please select a news items listed below which maybe of interest to you. Alternatively, please review our archives down the right-hand side, searching either by category or by date. If any of them are of interest and you require more information, please do not hesitate to contact the office.
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
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
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
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
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