Freezing temperatures, snow and even air strikes were swept aside as a super event was held by The Corporate Finance Network for accountants and their clients Weybridge-based chartered accountancy firm TWP, as the regional, exclusive member of The Corporate Finance Network, welcomed Canadian author, John Warrillow, to speak at its national ‘Built to Sell’ event […]
Weybridge-based chartered accountancy firm TWP is warning business owners that new rules requiring almost all employees to be automatically enrolled into workplace pension schemes could prove costly for smaller firms. Managing partner Philip Munk said: “Under the plans, due to be phased in between 2012 and 2017, employers will normally have to enrol their staff […]
Employment Workplace canteens Legislation will be introduced to restrict the existing tax exemption for workplace canteens. However this will only affect employees and employers who use the exemption in conjunction with salary sacrifice or flexible benefit arrangements. These arrangements allowed some employees to purchase canteen meals out of gross pay and hence obtain a significant […]
HM Revenue & Customs (HMRC) has shifted its position on the VAT treatment of business entertainment provided to overseas customers. The UK blocked the recovery of input tax (the VAT paid to suppliers) on business entertainment when VAT was introduced in 1973, except where the business entertainment was provided to an overseas customer. In 1988, […]
From 1 April 2011 onwards, all companies and organisations will have to file company tax returns online for any accounting period ending after 31 March 2010. From the same date, they will have to pay any corporation tax and related payments due electronically, for example by direct debit. Under the changes, all corporation tax returns […]
HM Revenue & Customs (HMRC) has reminded anyone missing the 31 October deadline for filing paper self assessment tax return for 2009-2010 that they have until the end of January to file online. Anyone filing on paper, rather than online, now that the deadline for paper returns has passed could face a £100 penalty. Taxpayers […]
HM Revenue & Customs (HMRC) has issued a new report on research and development (R&D) decision-making processes in British businesses. The report, released in November, explores the role of government support in the decision-making process and identifies the effects of R&D tax reliefs and grants on business behaviour. It concludes that because most businesses involved […]
For the first time, the government has published next year’s Finance Bill in draft form, giving people time to comment on the proposals. The chancellor has stated that the reason for doing this is to provide a more predictable and stable tax system, and to allow for greater scrutiny of the changes proposed. The Finance […]
TWP has joined forces to launch a new service to clients designed to identify potential savings in their business rates bill. The firm is offering a fast-track referral service to business rates specialist CVS, which has a strong track record in business rates appeals and has already saved clients over £100 million in the 2005-2010 […]
New figures show that fewer businesses are deferring tax payments through the HM Revenue & Customs’ (HMRC) Time to Pay scheme, designed to help businesses during the economic downturn. Figures highlighted by UK independent finance provider Syscap show that the value of Time to Pay arrangements granted by HMRC fell by 45 per cent over […]
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