Chartered Accountants & Tax Advisers in Weybridge, Surrey
May 2010
This applies to overseas income if you are not domiciled in the UK or not ordinarily resident, provided you have not been UK tax resident for as long as 7 out of the previous 9 tax years. If you have … Continue reading
May 2010
It has long been recognised that an employee stands little chance in obtaining tax relief on the cost of business clothing unless it is special clothing which fulfils the role of protection. The technical reason for not being able to … Continue reading
May 2010
To help businesses in their earliest days, HMRC will further reduce the burdens in starting a business and personalise the online support it provides. They aim to do the following, starting this year and in 2011: personalise www.businesslink.gov.uk for those … Continue reading
May 2010
If you have ever had to face a tax enquiry you will know how stressful it can be – in terms of time and money, quite apart from general frustration at how long it takes to resolve everything. Presumably because … Continue reading
May 2010
It has now been announced that for the tax year 2008/09 about 4,600 individuals paid the £30,000 rather than face UK tax on worldwide income. It was also stated that about 103,000 taxpayers claimed non-domicile status in that tax year, … Continue reading
May 2010
Talking of being UK tax resident, those of you who are claiming to be not resident will know that keeping out of the UK for more than 90 days on average per tax year is one of the fundamental requirements … Continue reading
April 2010
HMRC will be introducing these in April 2011 as a new way of paying tax by instalments. What will happen is, that if you so wish, you can enter into a voluntary arrangement to spread tax payments by instalments which … Continue reading
April 2010
The amount of an individual’s capital gains that can qualify for Entrepreneurs’ Relief are currently subject to a lifetime limit of £1 million. Gains qualifying for the relief are charged at an effective tax rate of 10% rather than the … Continue reading
April 2010
The Budget proposes even more changes to the company car regime – but this is mostly good news as the income tax charge on the benefit for private use is being reduced if the car has low CO2 emissions. That … Continue reading
April 2010
It is reckoned that fewer than 5% of businesses spend as much as £50,000 annually on buying new equipment. if you are one of the few, you will be delighted to learn that the annual investment allowance of 100% on … Continue reading
