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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
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NewsGlazers NewswireJanuary 2010 Newswire
Glazers January 2010 Newswire
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| Final Call for Your Tax Return Information! |
31 January is fast-approaching! If you haven't already provided us with your tax return information, now is the time to do this. The sooner we have this, the more chance there is that we'll be able to meet the filing deadline. |
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Remember to Pay Your Tax by 31 January! |
31 January is the main payment date for income tax and capital gains tax, as you probably know. We will as always be reminding our clients individually of the amounts of tax due, both for the final balance for 2008/09 and the first payment on account for 2009/10. We thought you might appreciate an early reminder meanwhile. In the event that your tax is paid late, the Revenue will charge interest from 1 February. If you don't pay the final balance due for 2008/09 by 28 February, then they add a surcharge on top of that equal to 5% of the amount outstanding. If you have any queries, please get in touch with us and we'll be pleased to help. |
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Change in VAT Rate to 17.5% From 1 January 2010 |
As confirmed in last month's Pre-Budget report, the standard rate of VAT reverted to 17.5% on 1 January. Please take care to ensure you are charging the new rate and also claiming the correct amount of VAT on your purchases and expenses. Click here to view article. |
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| Changes To The Advisory Fuel Rates From 1 December 2009 |
To reflect the increase in fuel prices, HMRC have issued new advisory fuel rates for employees driving employer provided cars. These take effect for all journeys undertaken from 1 December, so employers using the advisory rates should advise affected employees and update any expense forms as soon as possible. Click here to view article. |
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Extra National Insurance Burden Ahead |
One of the significant announcements in the Pre-Budget Report last month was a further increase in national insurance contributions (NIC) which is to take effect from 6 April 2011. Click here to view article. |
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| Special Annual Allowance Charge – New Limits For 2009/10 |
In the Pre-Budget Report last month, changes were announced to the complex rules for the Special Annual Allowance (SAA) charge which affects those with substantial income who make significant pension contributions. The current rate of the SAA charge is 20% on excess pension contributions. The aim of the charge is to discourage individuals from making significantly higher pension contributions in anticipation of the removal of higher rate tax relief which will occur in 2011. Click here to view article. |
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| Tax Relief On Nursery Vouchers |
As the new year gets underway, HMRC are reminding taxpayers to be vigilant as scam emails have been reported. For details of their latest guidance on scam emails, more information on this and other scams together with a copy of the latest example visit the links below. Internet link: HMRC guidance and Latest example |
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| Tax Relief On Nursery Vouchers |
Gordon Brown has revised his proposal to withdraw the income tax and NI exemption on employer-provided childcare vouchers. Click here to view article. |
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| Cross-Border VAT Changes 2010 |
HMRC have issued some important guidance regarding the changes in the place of supply of services rules which take effect from 1 January 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. |
