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Undeclared offshore income? Time is running out…
HMRC is stepping up efforts to tackle offshore tax evasion in its updated strategy document ‘No safe havens 2014’. The paper proposes the introduction […]
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HMRC Advisory fuel rates for company cars
New company car advisory fuel rates have been published which took effect from 1 March 2014. HMRC’s website states: ‘These rates apply to all journeys […]
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Chance for Employees to “come clean” to HMRC
A recent campaign aimed at people who are employed but also have income from self-employment which they have not declared has been launched by HMRC. […]
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NHS PENSION – DO YOU NEED PROTECTION?
There is a deadline approaching. I am sure you are aware that HMRC will be reducing the lifetime allowance for pension savings to £1.25 million […]
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Budget 2014 – VAT and Tax Avoidance
VAT prompt payment discounts Legislation will be introduced in Finance Bill 2014 to amend the UK VAT legislation on prompt payment discounts so that it […]
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Budget 2014 – Capital Taxes
Capital Gains Tax (CGT) rates The current rates of CGT are 18% to the extent that any income tax basic rate band is available and […]
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Budget 2014 – Business Tax
Corporation tax rates The main rate of corporation tax will be 21% from 1 April 2014. The current rate is 23%. From 1 April 2015 […]
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Budget 2014 – Pension Changes
Pension changes The Chancellor has announced a range of significant measures to bring greater flexibility to individuals who want to access funds in defined contribution […]
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Budget 2014 – Savings & Investments
Individual Savings Accounts (ISAs) From 6 April 2014 the overall ISA savings limit will be increased from £11,520 to £11,880 of which £5,940 can be […]