Weybridge-based chartered accountants TWP have appointed a new Head of Marketing at their practice as they continue to build upon the success of the previous year. In 2015, TWP saw growth across all areas of its practice and welcomed several new members of staff, as part of this ongoing expansion they have promoted Rachel von […]
A new survey by the Federation of Small Businesses (FSB) has revealed that nearly half of small businesses (45%) are unclear about the rules surrounding workplace pensions. The FSBs report, based upon a survey of small business owners, also revealed that a quarter of small businesses felt that they might not be able to cope […]
People over the age of 55 underestimate their property wealth by more than £90,000, according to a new study. The research conducted by the Equity Release Council has shown that three-in-five older homeowners in this age group (60 per cent) had not had their house valued since they first bought it. The Council’s study also […]
A new report from the international think tank Organisation for Economic Co-operation and Development (OECD) has revealed that the UK’s state pension is one of the least generous in the world. The report from the OECD shows that only two OECD countries pay poorer pensions; Mexico and Chile. In comparison, countries like Turkey, Russia and […]
Around one million savers with more than £85,000 in one bank or building society could be at risk following changes to the Financial Services Compensation Scheme (FSCS). On 1 January 2016 the FSCS, which protects savers’ money if their bank or building society goes bust, changed its compensation limit to bring it in line with […]
The Information Commissioner’s Office (ICO) is warning companies making nuisance calls to expect more fines in 2016. The ICO has reported that they imposed more than £1,000,000 worth of penalties for nuisance calls and text messages in 2015, and anticipates they will issue a similar amount in early 2016. The fines issued in 2015 included: […]
HMRC have set up a helpline (number is 0800 904 7900) and will enable anyone affected to get practical help and advice on a wide range of tax problems they may be facing. HMRC will also: agree instalment arrangements where taxpayers are unable to pay as a result of the floods agree a practical approach […]
HMRC have introduced Advance Assurance for companies that claim Research and Development (R&D) tax relief. If a company carries out R&D for itself or other companies, it could qualify for Advance Assurance. This means that for the first three accounting periods of claiming for R&D tax relief, HMRC will allow the claim without further enquiries. […]
HMRC have reported that: a record breaking 24,546 people submitted their tax return online on New Year’s Eve more than 11,467 people sent off their self assessment tax return on New Year’s Day and in excess of 2,000 taxpayers submitted their tax returns on Christmas Day. Ruth Owen, Director General of Personal Tax, HMRC, said: […]
Income tax The Scottish Government set out tax and financial plans for the future in their draft Budget on 16 December 2015. The Deputy First Minister and Cabinet Secretary for Finance, Constitution and Economy, John Swinney, announced that the Scottish Rate of Income Tax (SRIT) would be set at 10p in the pound for 2016/17. […]
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