Glazers May 2009 Newswire

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Glazers 2009-10 Tax Tables

The Glazers 2009-10 tax tables are now available.

Click here and fill in your name and postal address and say how many tax tables you would like us to send to you.

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Personal Tax Changes

The Chancellor has not only brought forward proposals which were to take place in 2011, he has also made changes to his original announcements.

Click here to view article.

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Restricted Tax Relief on Pension Contributions

Pension contributions made by an individual are usually paid net of basic rate tax. Where the individual is a higher rate taxpayer further relief is due which significantly reduces the net cost of the contribution.

Click here to view article.

 
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Insurance Protection for Individuals

Over the years you have probably taken out various insurance policies that cover your car, home and possibly your life and income.

Click here to view article.

 
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Enhanced Relief for Trading Losses

Under current rules businesses already have a number of mechanisms to relieve trading losses against other income including past trading profits.

Click here to view article.

 
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Capital Allowances on Plant and Machinery

Additional capital allowances are to be available for expenditure incurred by a business in the 12 month period (starting 1 April 2009 for companies and 6 April 2009 for individuals and partnerships).

Click here to view article.

 
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Standard Rate VAT

The standard rate of VAT was reduced from 17.5% to 15% for the 13 month period 1 December 2008 to 31 December 2009. HMRC have confirmed that the standard rate of VAT will revert to 17.5% from 1 January 2010.

Click here to view article.

 
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Change of HMRC Bank Account Details

HMRC bank account details for paying self employed Class 2 and voluntary Class 3 National Insurance Contributions have changed. HMRC have advised that individuals will need to use the new account details when making a payment.

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
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.