In reality, no one is going to get a free pension, but some individuals can get very close to it. In this article we shall take a look at how the current 2011/2012 tax regulations can be used by some taxpayers to their advantage. Continue reading
As part of their year end procedures many employers need to prepare P11D’s for their employees. These forms record benefits that the employer has provided to almost any employee. Continue reading
As Christmas approaches thoughts turns to office parties. So what view does the tax man take when an employer arranges a Christmas party for their staff? Continue reading
The self-assessment system was introduced in 1996 and at present HM Revenue & Customs require about 10 million individuals to file returns each year. Continue reading
Imagine getting a pay rise of £1,000 per annum and then finding your tax liability increasing by £1,055, that’s over 100% tax. Continue reading
The annual exemption for the 2011/2012 tax year is increased by £500 to £10,600. The rates of 18% for basic taxpayers and 28% for higher rate tax payers remain unchanged. Continue reading
February is a good time for individuals to have a think if there are any simple steps they can take to minimise their tax liabilities.
Detailed below are the key points arising from the Government’s announcement on 9th December 2010 regarding the future direction of pension provision in the UK:- Continue reading
Chancellor George Osborne’s Autumn Statement 2011
On Tuesday 29th November 2011, the Chancellor, George Osborne, presented his Autumn Statement for 2011.
We have taken the opportunity of summarising some of the key points for our clients. Continue reading →