Tag Archive

Autumn Statement; Key Points to Take for Businesses

Published on December 7, 2012 By admin

The autumn statement delivered by the chancellor is not the most looked forward autumn statements in the recent history. Following are some highlights from his speech. Fuel The 3p-a-litre increase in fuel duty, planned for next January, is cancelled

Claiming Tax Reliefs

Published on July 13, 2012 By admin

Have you ever thought of claiming a tax deduction for your birthday gift? According to the laws of HMRC, you can freely do so provided that they are used for business purpose. If you spend money on your business, you can expect set off the cost against your tax bill. But as with all other […]

Budget 2012; What Does it Mean to You

Published on March 22, 2012 By admin

For individuals The income tax personal allowance is set to rise again, not just as scheduled in April 2012, but next year too. It will go up further in April 2013 to £9025.00. This is a step forward towards raising it up to £10000.00. On the otherhand, the 50p tax rate is to be brought […]

Budget 2012; Key Points at a Glance

Published on March 22, 2012 By admin

Income tax Personal allowance to be raised up to £9,205 from April 2013; this is a move according to the government that will make 24 million people £220 a year better off. But 300,000 more people will be drawn into the higher rate – 40% – tax band from 2013/14 as the threshold is brought […]

The Tax Advantages of Fixed Expenses Payments

Published on February 24, 2012 By admin

Reimbursing expenses to your employees the cost of their business travel etc. is tax and NI free. But is there a possibility of paying a fixed-rate allowance instead to make them better off.

Tax Return Tips and Advice

Published on December 23, 2011 By admin

Deadline for filing your tax return For individuals in the UK, the deadline for filing your paper tax return is 31 October each year.  For online filing of tax returns the deadline is 31 January each year. If you happen to file you paper tax return after 31 October or your online tax return after […]