Welcome to the Glazers March Newswire
Welcome to the Glazers March 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 - Inheritance Tax Calculator
- Reminder on Tax Code Notice Change
- Childcare Support Changes
- Time Running Out on Retirement at 65
- Time To Pay Rejection Rate Rises
- Right To Request Flexible Working Extended
- Time Running Out on State Pension Top-Up Offer
- ‘Game Up’ Warning on Offshore Non-Compliance
- Company Car Changes Go Electronic
- Businesses Urged To Keep Business Records in Shape
- Business & Tax News
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Glazers Web Page of the Month - Inheritance Tax Calculator
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Continuing our series of useful resources and tools that can be found on the Glazers web site, this month's web page is our Inheritance Tax Calculator - click here.
To get to it from our home page www.glazers.co.uk, go to Online Tools - Resource Centre - Tax Calculators - Inheritance Tax Calculator.
How to Use it - enter your assets and liabilities in the boxes and click 'submit'. The calculator will show you how much tax you can expect to pay, based on the current IHT rate and nil rate band.
Please note that 'Business Assets' are assumed to qualify for 100% Business Property Relief (BPR), so if the assets don't qualify, enter the value in another box. If you are unsure whether your business qualifies for BPR, we'll be pleased to advise you.
The Inheritance Tax Calculator is intended as a general guide only. For specific advice on inheritance tax, please contact our Tax Manager Graham Murray on 020 8458 7427.
We also offer a complete inheritance tax planning service through our in-house financial services division Re-Financial Planning. For a free initial chat about how we can help you plan, please contact our Financial Services Director David Higgins or Marc Stemmer on 020 8458 7427.
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Reminder on Tax Code Notice Change
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Clients are reminded that copies of the notices informing you of your tax code for the year 2011-2012, sent out during January, February and March, are no longer being sent to tax agents, therefore we will not have received a copy from HM Revenue & Customs.
Click here to view article. |
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Childcare Support Changes
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Employer-supported childcare will change for higher and additional rate taxpayers from 6 April 2011.
Click here to view article. |
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Time Running Out on Retirement at 65
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Employers only have a limited time remaining to set in motion procedures to retire staff at the age of 65.
Click here to view article. |
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Time To Pay Rejection Rate Rises
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The percentage of Time to Pay requests refused by HM Revenue & Customs (HMRC) in 2010 was more than double the rate in 2009, according to new statistics.
Click here to view article. |
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Right To Request Flexible Working Extended
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Workers’ right to request flexible working is to be extended under a change to be introduced from 6 April.
Click here to view article. |
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Time Running Out on State Pension Top-Up Offer
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Around 70,000 people, mainly women, have until 5 April to boost their basic state pension and get backdated payments.
Click here to view article. |
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‘Game Up’ Warning on Offshore Non-Compliance
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New penalties of up to 200 per cent could be imposed on anyone hiding money offshore, HM Revenue & Customs (HMRC) has warned.
Click here to view article. |
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Company Car Changes Go Electronic
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An important change to the way employers notify HM Revenue & Customs (HMRC) about replacement company cars will take effect from April 2011.
Click here to view article. |
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Businesses Urged To Keep Business Records in Shape
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HM Revenue & Customs (HMRC) has launched new tools to help small businesses, sole traders and the self-employed keep their records in shape.
Click here to view article. |
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Business & Tax News
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