Category Archives: Comment
After all the changes in the last couple of years we are looking forward to a new tax year of pretty much “as you were” with just the odd tweak highlighted below. The steady march to £10,000 of tax free income by the end of this fixed term Parliament continues with another sharp increase in
Have you heard of the Office of Tax Simplification? Sounds like a joke doesn’t it, at best some clever oxymoron that someone made up in order to vent their frustration at the machinations of our tax system? Not even an original joke, you might think. As soon as I heard of it, I thought of
HMRC have fed back some of the conclusions that have emerged from the consultation process last year. Key facts are as follows:- Timescale has moved backwards (what a surprise) likely introduction will be between April and October 2012 Information will not now be processed via BACS as was initially mooted. Information will be fed in
In August 2011, the Department for Business Innovation and Skills (BIS) issued a discussion paper entitled Simpler Reporting for the Smallest Businesses. The BIS argues that small companies suffer from over-complex and burdensome reporting requirements that need simplification. The simplification proposals remain vague at the moment and are currently alongside the Office of Tax Simplification’s
Well, I have read and read and I still don’t know the answer to this one. Putting any moralising aside (I am rubbish at moralising) and looking simply at the maths it is kind of hard to argue against. Does a higher tax rate prove a demotivator for our “wealth creators” (whoever they are)? Well,
Self assessment statements usually issued by HMRC in July have been issued late this year. These statements include reminders to settle the second payment on account, where applicable, by 31 July 2011. However, as these were sent late (i.e. after the 31 July) as timely reminders they were pretty useless. By way of concession, HMRC
Everyone is talking the economy up, down and sideways. Retailers say we are in a double-dip, housing market is flat, more people are in work but yet more people are claiming job seekers allowance. Confused? Well, we are. So we decided to survey our own little client base and this is what we discovered… The
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Time to Jump
0 Comments Posted by Niki on March 2nd 2012 @ 2:44 pm
Now I know most of you reading this are already part of the exclusive club that is a Pay Academy client but for those of you who are not – an offer to tempt you to make the leap and join us. The start of a new tax year is the perfect time to move
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