Have you submitted your VAT return?

As many as 50,000 businesses that have failed to submit VAT returns will be targeted by HMRC this month with warnings that their tax affairs will be closely scrutinised. More than 600,000 businesses have to put in VAT returns each month and most do so on time. But in a new campaign some 50,000 will…

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CHILD BENEFIT CHANGES – ARE YOU READY?

Half a million new people will be required to complete a Self-Assessment tax return for the year ending April 2013 after the new high income child benefit charge (HICBC) comes in to force from today. Families with children and a parent earning more than £50,000 a year had a final chance this weekend to opt…

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The New Rules on Child Benefit

From 2013, changes to the rules on child benefit mean that higher or additional rate taxpayers will be liable to a tax change. The reforms will affect an estimated 1.2 million households, while thousands of people will be required to complete a self assessment tax return for the first time. For more information download our Child…

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R&D Cash Back Scheme Extended

Following extensive consultation the Government has today made an announcement regarding its decision on the implementation of an R&D cash refund scheme for large companies. The scheme will basically provide for the following; A taxable credit at the headline rate of 9.1% Fully payable net of tax to companies with losses Available for qualifying costs…

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