Glazers January 2009 Newswire

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Government Launches New Help for Businesses

The government has announced a new package of measures designed to address the cash flow, credit and investment needs of small and medium-sized businesses.

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Business Payment Support Service

The Business Payment Support Service, announced in the Pre-Budget Report 2008, is designed to meet the needs of businesses affected by the current economic conditions.

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Pay Your Tax by Direct Debit

Take advantage of the new initiative from HMRC who are now offering a much wider range of taxpayers the opportunity to pay by direct debit.

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Don’t Miss Out on Capital Allowances

New owners and occupiers of commercial properties could be in line for valuable tax windfalls if previous owners failed to claim all the tax relief they were entitled to.

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Changes to the Advisory Fuel Rates from 1 January 2009

To reflect the reduction in fuel prices, HMRC have issued new advisory fuel rates for employees driving employer provided cars.

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VAT - Extension of 14 Day Limit

HMRC have issued further guidance to businesses on the reduction in the standard rate of VAT from 1 December 2008. The guidance clarifies certain issues regarding the ‘tax point’ rules for the date of supply.

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Capital Allowances on Cars

HMRC have issued some draft legislation and guidance on how the tax relief on business cars, known as capital allowances, will be calculated from April 2009.

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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
Business - www.glazers.co.uk/business_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


Glazers is registered to carry out audit work and regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.