Client Newsletter

Don’t delay – avoid the 28 day 5% surcharge

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For millions of tax-payers, the 31 January came and went without them even noticing. But the thousands who failed to submit their self-assessment tax returns by this deadline, are counting the cost of penalties incurred. Contrary to myth, you will still have to pay a £100 fine even if your online tax return was submitted […]

Press Releases

TWP welcomes new tax consultant Gemma Marshall

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Weybridge-based chartered accountancy firm TWP has further strengthened its tax team with the appointment of tax consultant Gemma Marshall. Gemma specialises in private client tax, including non-resident and non-domiciled individuals, as well as providing support for individuals and families with tax planning, trusts and estates. Gemma also has considerable experience of advising on business tax […]

Press Room

1 in 6 ‘will retire in debt’

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One in six people planning to retire in 2014 will do so with debts averaging £24,800, according to new research. Figures published by Prudential on 24 January, showed that 17 per cent of people would retire with debts, down from 18 per cent in 2013. But the amount of debt fell substantially on the previous […]

Press Room

Agreement paves way for better long-term care planning

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The UK insurance industry and the government have signed an agreement designed to help people understand long-term care costs and plan for their future care needs. The Statement of Intent, signed by the government and the Association of British Insurers (ABI) on 21 January, sets out how they will work together, alongside the implementation of […]

Press Room

Annuity rates bounce back…but for how long?

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New research has shown that average annuity rates rose by a record 13 per cent in 2013, following a 12 per cent fall the previous year. The latest MGM Advantage Annuity Index, published on 27 January, revealed that the average annuity purchased in December 2013 would generate an extra £7,560 (13 per cent) over retirement […]

Business News

Excuses excuses

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HMRC have released the ‘Top 10 oddest excuses’ for sending in a late self assessment return. These include a dead goldfish and a run in with a cow! Internet link: HMRC top 10

Business News

Zero hours contracts

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Business Secretary Vince Cable has announced that, under new proposals, employers could be banned from imposing ‘exclusivity’ on zero hours contracts which offer no guarantee of work and stop employees from working for another employer. In the consultation, the Government also outline proposals on ways to tackle the lack of transparency in the way zero […]

Press Room

Help to buy mortgage guarantee completions

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The Government has announced that ‘nearly 750’ homes have been bought and 6,000 offers made since the mortgage guarantee scheme started. In November 2013, ministers published figures showing that in the first month of the scheme more than 2,000 people had put in offers on homes and applied for a Help to Buy mortgage. That […]

Business News

PAYE coding notices

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Over the next few months HMRC will be sending out new PAYE tax codes for the 2014/15 tax year. HMRC are advising that some individuals may receive more than one coding especially if they have: two or more employments at the same time income from two or more pensions pension income and employment income. HMRC […]

Business News

Personal device at work policy

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The Information Commissioner’s Office (ICO) is advising that organisations should have a clear personal device at work policy. A recent survey showed that 60% of the UK population now own a smart phone and 20% a tablet and an increasing number want to use their personal devices at work. Known as ‘bring your own device’ […]