News

Tax Rates for 2011-12

Published Friday, 8 of April 2011

Approved mileage allowance payments
The following rates are used to calculate the maximum amount that can be exempted from tax and NICs for business miles travelled in the employee’s own vehicle.

Motor Read More...

P46's for 2011-12

Published Friday, 8 of April 2011

Using the new P46's form for tax year 2011-12 you will need to know what tax code to place employees on:

BOX A Ticked - 747L - Standard Personal Allowance for this year is £7,475.

Box B Ticked - 747L week Read More...

Tax & National Insurance for 2011-12

Published Wednesday, 6 of April 2011

PAYE Thresholds for 2011-12

The PAYE thresholds (the level of earnings at which tax becomes payable) are: £144.00 weekly, £623.00 monthly.

Tax Rates for 2011-12

Basic Rate 20% from £1 Read More...

Income Tax Personal Allowance for Those Aged Under 65 for 2012-13

Published Wednesday, 23 of March 2011

Who is likely to be affected?
Income tax payers, employers and pension providers. General description of the measure For 2012-13, legislation in Finance Bill 2 Read More...

Increase in the standard VAT rate

Published Wednesday, 22 of December 2010

The standard rate of VAT of 17.5 per cent introduced back on 1 January 2010 but is increasing to 20 per cent on 4 January 2011.

For any sales of standard-rated goods or services that you Read More...

Self Assessment deadline for online returns

Published Wednesday, 22 of December 2010

If you haven't filed your tax returns yet for 09/10, they must be filed online along with any payments due by midnight on Monday 31 January 2011.

Need help? We can file your tax return from £80.00 plus vat. Give us a call today

Understanding 0T Tax Codes

Published Tuesday, 14 of December 2010

As from April 2011 employers and employees are likely to see the tax code OT more frequently. The reason for this is if an employee as complete a P46 (New starter form without a P45) and ticked box 'C Read More...

P46 Change from April 2011

Published Friday, 10 of December 2010

HM Revenue & Customs have confirmed that P46 starter forms will be changed for the year 2011/2012, so that employers can use code 0T when employers can tick a box C because they have more than a one j Read More...

Annual Coding: multiple or incorrect Coding Notices update

Published Saturday, 13 of February 2010

HMRC recently introduced a new National Insurance and PAYE system and that we are using it to issue tax coding notices for the first time.

The transition to the new s Read More...

VAT Returns & Payments Online

Published Thursday, 31 of December 2009

HM Revenue & Customs (HMRC) is phasing out paper VAT Returns. From April 2010 you may have to submit your VAT Returns online and pay any VAT due electronically (for example by Direct Debit, internet Read More...

Increase in the standard VAT rate

Published Thursday, 31 of December 2009

The standard rate of VAT was temporarily reduced to 15 per cent on 1 December 2008 and it returned to 17.5 per cent on 1 January 2010.

For any sales of standard-rated goods or services that Read More...