News
News & Articles
Glazers Chartered Accountants,
843 Finchley Road, London, NW11 8NA.
T: 020 8458 7427, F: 020 8458 8504
E: quality@glazers.co.uk
843 Finchley Road, London, NW11 8NA.
T: 020 8458 7427, F: 020 8458 8504
E: quality@glazers.co.uk
Glazers December 2009 Newswire
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| Save VAT - Get Your Tax Return In Now! |
The Christmas and New Year break is almost upon us and 31 January is not far behind! If you haven't already provided us with your tax return information, now is the time to do this. Apart from all the other good reasons for doing this now, the VAT rate goes up on 1st January, so you could save money by getting us your information in the next week or so, giving us time to prepare your return before we close on 24 December. Don't delay - do it today! |
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Insuring Against the Risk of Serious Illness |
You are five times more likely to suffer from a life-threatening illness than you are to die before you reach 65, insurance claims statistics suggest. You might expect therefore that the risk of falling seriously ill is something that people readily address when planning their finances. Click here to view article. |
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VAT Holiday Over As Rates Expected To Return To 17.5% |
The Government’s one-year VAT holiday will end on 1st January 2010, with rates expected to return to 17.5% from the 15% we have enjoyed all year. Click here to view article. |
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| Intrastat Thresholds |
HMRC have announced significant changes to the Intrastat thresholds. Intrastat is used to report the movement of goods within the EU over certain thresholds. Those traders with an annual intra-EU trade in goods exceeding the exemption thresholds are required to provide monthly statistical returns (Intrastat Supplementary declarations). Click here to view article. |
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Swine Flu and SSP |
Under existing rules for Statutory Sick Pay (SSP) employees can self-certify for the first seven days of their illness and employers cannot ask for medical evidence during this period. There has been no change to this requirement. Click here to view article. |
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| Business Rates Bills |
The government has confirmed that 60% of business rates will fall next year as a result of revaluation and that it will not collect a penny more of extra revenue as a result of the 2010 revaluation, which is carried out every five years. However, rates bills for some businesses will rise significantly. Click here to view article. |
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| Pre-Budget Report 2009 |
Alistair Darling will make his Pre-Budget statement to the House of Commons on Wednesday 9 December 2009 at 12:30. We will let you have details of the important announcements in our special Pre-Budget issue on Thursday 10th. Internet link: Treasury website |
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| VAT and New Year’s Eve Traders |
If you are going to be out celebrating on New Year’s Eve or indeed if your business will be operating over midnight, you will be glad to hear that the government has announced a relaxation of the VAT rules. Pubs, clubs, restaurants and other retail businesses remaining open past midnight on New Year’s Eve will be allowed to continue charging VAT at 15% on their sales until they close or until 6am on 1 January 2010, whichever is the earlier. Click here to view article. |
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| Parties For Employees |
Are you planning a party for your employees? The good news is that, unlike entertaining customers, the costs of entertaining employees are generally allowable against the profits of the business. Click here to view article. |
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| Online Filing of VAT Returns |
HMRC are reminding 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. Click here to view article. |
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| Business & Tax News |
You can find all our recent tax and business articles by clicking on the following links: Tax - www.glazers.co.uk/tax_news.htm |
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Glazers Chartered Accountants
843 Finchley Road, London NW11 8NA Tel no: (020) 8458 7427 Fax no: (020) 8458 8504 e-mail:quality@glazers.co.uk web: www.glazers.co.uk
The information in this newswire is believed to be correct at the time of circulation. It is essential to take advice on specific issues. |