HMRC are advising businesses that new rules on how VAT returns are submitted and payments are made will come into force next year. Paper VAT returns will be phased out from 1 April 2010. As a start of this phasing out process, businesses with: VAT (exclusive) annual turnover of £100,000 or more, and all newly […]

From April 2010, the top rate of income tax will be 50 per cent for individuals with an income over £150,000. Restrictions will also apply to personal allowances where income exceeds £100,000. The point at which the personal allowance is fully reduced will depend on the level of the personal allowance for 2010/11 but is […]

The Oldest! Britain’s oldest working computer, rebooted The oldest original working computer in the UK, which has been in storage for nearly 30 years, is getting restored to its former glory. The Harwell computer, also known as WITCH, is getting a second lease on life at the National Museum of Computing at Bletchley Park. The […]

HMRC have written to half a million companies and their tax agents, to advise them of important changes to Corporation Tax (CT) return filing. The mail-shot contained a new HMRC leaflet on the changes, which will require all company tax returns delivered after 31 March 2011 to be filed online, for accounting periods ending after […]

The government has announced its intention to introduce Additional Paternity Leave and Pay for fathers of children due on or after 3 April 2011. The government will consult shortly on new regulations that will give families greater flexibility in how they choose to look after their children. As detailed in the press release: Families will […]

According to the Federation of Small Businesses, hundreds of thousands of start-ups are expected this year.  Apparently in the UK, we’re losing 120 small to medium sized enterprises (SMEs) everyday but for each one of those, around 11 are starting up. That’s approaching half a million new SMEs in 2009.  The majority of them are […]

HMRC have announced details of the Liechtenstein Disclosure Facility (LDF) which has been introduced to support the reviews to be carried out by the Financial Intermediaries in Liechtenstein to identify those who may have liability to UK tax. The LDF allows people with unpaid tax linked to investments or assets in Liechtenstein to settle their […]

HMRC have updated their guidance on scam emails as they are aware that a large number of individuals are receiving emails offering tax rebates. HMRC have also confirmed that they would not inform taxpayers of a tax rebate via email, or request that they complete an online form to receive a rebate of tax. HMRC […]

The Swiss postal service now offers an electronic Post Box to customers wanting to receive their physical letters over the internet. This system was first developed by the Seattle-based company Earth Class Mail, which has its own subscribers around the world. ‘Relevant mail’ For 14 Euros (£12) a month, letters are redirected to a secret […]

Changes from April 2010 The amount of basic personal allowance has not been set, but from 6 April 2010 the allowance will be subject to income limits of £100,000 and £140,000. This will mean that where an individual’s income is below the £100,000 income limit, they will continue to be entitled to the full allowance. […]