The 2013 Finance Act has introduced new rules to address perceived abuse of the director’s loan provisions.Read more..
We now have a General Anti Abuse Rule to consider when advising clients or preparing tax returns.Read more..
A new statutory test for residence status was introduced this year in an attempt to clarify the sometimes confusing historic rules which had been built up through case law and practice.Read more..
Real Time Information (RTI) became compulsory for all employers this year. Under this scheme employers have to file details of pay and tax each time they make payments to employers.Read more..
After a turbulent passage through the House of Lords the new proposal for employee shares is on its way to the statute book.Read more..
Following the news that the PA Holdings case will not be appealed we can consider the implications of the ruling in this case.Read more..
Monday 22 April 2013 is the launch of Charities Online. This new service allows tax repayment claims to be submitted online to claim back tax in respect of Gift Aid donations received by the charity or CASC.Read more..
Businesses with fewer than 50 employees are to benefit from a relaxation of the rules regarding Real Time Information (RTI) reporting arrangements, according to HMRC.
They have recognised that certain employers may need longer to comply with the new regulations that take effect from the 6 April 2013.
…just a few reminders of things you might like to think about as we approach the end of the tax year.Read more..
In the past employers have filed an annual return of pay and tax details. As from April employers will have to file pay and tax details each time an employee is paid.Read more..
“As a relatively new start up business we are still very sensitive to costs. Recently we received a quotation from QBS Online on a “like for like” services basis with our existing accountants. We have made the decision to move to QBS which will realize a 36% reduction in our accountancy costs. This is most welcome news at a time where every penny counts.”
- Nigel Messenger, MD, Castleman UK Ltd
Using QBS has changed the way we do business. Previously we were using many suppliers to help us with things like accounts, payroll, even IT support. Now we use QBS for all manner of business procedures, which has simplified our outgoings and allowed us more time to spend on growing our business.
- DH, Haus Digital Ltd
For free updates and regular newsletters, subscribe to our mailing list by entering your email address below: