Welcome to the Glazers December Newswire
Welcome to the Glazers December Newswire, bringing you, as ever, the latest tax and business update. We hope you find these articles of interest and remember that they can also be viewed from the scrolling news box on the home page of our website www.glazers.co.uk |
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In this Edition...
- Glazers Web Page of the Month - Glazers Goes Social!
- The Autumn Budget Statement
- The Glazers e-Calendar!
- Get Your Tax Return In Before Christmas!...
- New VAT Rate Starts 4th January
- Budget 2011
- Change On Unfair Dismissal Claims On Cards
- Businesses Urged To Prepare For Pensions Shake-Up
- HMRC Reports On R&D Support
- VAT Rules On Entertaining Overseas Customers Changed
- Alert To Employers On CD-Rom
- Business & Tax News
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Glazers Web Page of the Month - Glazers Goes Social!
What's new? Well, in the top left hand corner of every page, you will see icons for Facebook, Twitter, LinkedIn and our own Glazers blog page. Glazers has joined the ever-growing number of social networkers!
You can now follow our daily blogs and 'tweets' on topical financial, business and tax issues.
To view our updates, just click on the Blog, Twitter or Facebook icons. And if you are already on Twitter, Facebook or LinkedIn, please feel free to follow us and if you have any requests for content or suggestions on how we can improve our services through social networking, please let us know.
Our aim is to give you as much useful information as we can. |
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The Autumn Budget Statement
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29 November 2010
Chancellor of the Exchequer George Osborne has given his Autumn Budget Statement, in response to the latest forecasts for the UK economy released by the independent Office for Budget Responsibility (OBR).
Unlike in previous years, the Chancellor did not make any major tax or spending announcements this Autumn, with those instead being put on hold until the next Budget, which will take place on 23 March 2011.
Click here to view article. |
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The Glazers e-Calendar!
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The Glazers e-calendar can be viewed, and if you wish, downloaded to your PC desktop by clicking here.
(Disclaimer: The e-calendar has been tested for viruses. However, we do recommend that you take suitable qualified IT advice on virus protection, and any download is at your own risk.) |
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Get Your Tax Return In Before Christmas!...
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Personal self-assessment tax returns needs to be filed in January at the latest. Why wait until January though? If you haven't already given us your tax return information for the year to 5 April 2010, please do it now! This way, we have a chance of getting your return in before Christmas.
You'll also save on VAT, as the rate goes up to 20% next month, and you'll have more notice of how much tax you need to pay, so let us do it now! |
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New VAT Rate Starts 4th January
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The VAT rate increase that was announced earlier this year comes into force on 4th January. From that date, the standard rate of VAT increases from 17.5% to 20%. The rate change does not affect either zero-rated supplies nor those supplies subject to VAT at the 5% reduced rate.
There are special transitional arrangements for transactions which span both the old and new rates. Detailed guidance has been issued by HMRC for businesses on implementing the change. See HMRC guidance notes.
If you require advice on the changeover, please contact us, and we'll be pleased to help. |
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Budget 2011
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The Budget date has now been set for Wednesday 23rd March 2011. We'll be circulating our Budget Newswire the day after, as usual. |
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Change On Unfair Dismissal Claims On Cards
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Lord Young, the government’s new Enterprise Adviser, has told the BBC that he may recommend an increase in the length of time employees have to work before being allowed to bring unfair dismissal claims.
Click here to view article. |
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Businesses Urged To Prepare For Pensions Shake-Up
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The government has set out plans for automatic enrolment into workplace pensions.
Click here to view article. |
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HMRC Reports On R&D Support
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HM Revenue & Customs (HMRC) has issued a new report on research and development (R&D) decision-making processes in British businesses.
Click here to view article. |
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VAT Rules On Entertaining Overseas Customers Changed
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HM Revenue & Customs (HMRC) has shifted its position on the VAT treatment of business entertainment provided to overseas customers.
Click here to view article. |
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Smaller Charities Win Online Filing Concession
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From 1 April 2011 onwards, all companies and organisations will have to file company tax returns online for any accounting period ending after 31 March 2010.
Click here to view article. |
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Alert To Employers On CD-Rom
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Businesses using HM Revenue & Customs’ (HMRC) Employer CD-ROM have been urged to make sure it is up to date.
Click here to view article. |
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Business & Tax News
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