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  • Autumn Budget 2017

    22nd November 2017

    Autumn Budget 2017 Stamp duty and housingStamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000 To help those in London and other expensive areas, the first £300,000 of the cost of a £500,000 purchase by all first-time buyers will be exempt from stamp duty, with the remaining £200,000 incurring 5%.95% of all first-time buyers will benefit, with 80% not paying stamp duty Reduction will apply immediately in England, Wales and Northern Ireland although the Welsh government will have to decide whether to continue it when stamp duty is devolved in April 2018It will not apply in Scotland unless Scottish government decides to follow suit£44bn in overall government support for housing to meet target of building 300,000 new homes a year by the middle of the next decadeCouncils given powers to charge 100% council tax premium on empty propertiesCompulsory purchase of land banked by developers for financial reasons£400m to...

  • HMRC announce they no longer issue SA302s

    25th October 2017

    HMRC announce they no longer issue SA302's news article Since 4th September 2017 HMRC are no longer issuing paper SA302s directly to agents. SA302s are documents confirming how much tax a person has paid on their earnings, in a given period, once they have filed a tax return. Before this date...

  • Budget Summary 2016

    7th April 2016

    Budget 2016 Summary Key points at-a-glance George Osborne has delivered his eighth Budget as chancellor. Here are the main points of what he said. Health and education Image copyright PA A new sugar tax on the soft drinks industry to be introduced...

  • Budget Summary 2015

    1st May 2015

    Budget Summary 2015 news article 1. The UK had the fastest growth in the G7 in 2014 The UK economy had the fastest annual growth among G7 economies in 2014, and the strongest annual growth since 2007. At the end of 2014, employment had reached its highest ever level, unemployment has been falling...

  • Budget Summary

    21st March 2013

    Budget Summary 2015 The Chancellor has presented his Budget to Parliament - here's a summary of what was announced. 1. The UK had the fastest growth in the G7 in 2014 The UK economy had the fastest annual growth among G7 economies in 2014, and the strongest annual growth since 2007. At the end...

  • Electrians disclosure opportunity

    6th July 2012

    Electricians disclosure opportunity The Electricians Tax Safe Plan (ETSP) is designed for people who work (or worked) installing, maintaining and testing electrical systems, equipment and appliances – and covers any tax owed, for whatever reason. The deadline for electricians to notify HMRC of...

  • CGT selling an Olympic torch

    6th July 2012

    CGT selling an Olympic torch HMRC have issued a timely, Olympic themed, reminder of the Capital Gains Tax (CGT) rules relating to the sale of assets. A charge to CGT usually arises after an asset is sold. There are special rules concerning the sale of chattels. Chattel is a legal term which...

  • Tribunal VAT zero rating

    6th July 2012

    Tribunal VAT zero rating The Upper Tribunal recently heard a taxpayer's appeal against a decision of the First-tier Tribunal concerning the conditions for zero-rating the supply of goods to a company in Spain. The initial decision of the First-tier Tribunal dismissed an appeal by a wholesaler...

  • Employer P11D P11Db and P9D deadline

    6th July 2012

    Employer P11D P11Db and P9D deadline Employers are reminded that the deadline for submitting the 2011/12 forms P11D, P11D(b) and P9D is fast approaching. The filing date for all the forms is 6 July 2012. Late submissions can result in penalties being issued by HMRC. Employers making online...

  • Draft National Minimum Wage Amendment Regulations 2012 published

    6th July 2012

    Draft National Minimum Wage Amendment Regulations 2012 published The draft National Minimum Wage (Amendment) Regulations 2012 have been published and laid before Parliament. The regulations increase the principal hourly rate of the National Minimum Wage (NMW) to £6.19 with effect from 1 October...

  • UK Liechtenstein Disclosure opportunity

    6th July 2012

    UK Liechtenstein Disclosure opportunity This Liechtenstein Disclosure Facility (LDF) provides a framework to assist UK taxpayers with investments in Liechtenstein which have not been taxed to make a full disclosure to HMRC. The agreement allows penalties on unpaid tax to be capped at 10% of tax...

  • HMRC launch new tax calculator app

    6th July 2012

    HMRC launch new tax calculator app A new tax calculator phone application (app) has been launched by HMRC which can be used to estimate how much Income Tax and National Insurance Contributions taxpayers can expect to pay on their income and in turn how the Government spends the funds. The...

  • March 2012 Budget Summary

    22nd March 2012

    George Osborne continued his fiscal campaigning by attempting to juggle tax take, Government borrowing and economic growth. Only time will tell how many balls he will continue to keep in the air and for how long. There are no dramatic tax changes announced in his Budget Statement. Many of the...

  • Government announces new measures to assist employers with apprenticeships

    1st December 2011

    Government announces new measures to assist employers with apprenticeships As part of the Government’s plan for growth, it has announced that it is taking action to make it easier for businesses to take on apprentices and to ensure that the quality of apprenticeships is continually improved.  ...

  • Chancellors Autumn Statement

    1st December 2011

    Chancellors Autumn Statement Autumn Statement 29 November 2011 George Osborne disclosed his plans to re-invigorate the UK economy yesterday and at the same time, stay focussed on debt reduction. The pundits were forecasting a range of measures including: increasing the bank levy, perhaps...

  • Channel Islands tax advantage to be removed

    1st December 2011

    Channel Islands tax advantage to be removed HM Treasury has announced changes to the low value consignment relief (LVCR) rules that allow retailers based outside the EU to send goods to the UK VAT free. In order to tackle the growing trend of retailers sending large volumes of low value...

  • Pensions Bill receives Royal Assent

    1st December 2011

    Pensions Bill receives Royal Assent The Pensions Bill has now received Royal Assent and become the Pensions Act 2011. Starting from October 2012 employers will begin to automatically enrol eligible workers into a qualifying workplace pension scheme and contribute to that pension. Workers who are...

  • Government announces major package of employment law reforms

    1st December 2011

    Government announces major package of employment law reforms The most radical reform to the employment law system for decades has now been outlined by Business Secretary Vince Cable as part of the Government’s plan for growth, cutting unnecessary demands on business while safeguarding workers’...

  • Junior ISAs launched

    1st December 2011

    Junior ISAs launched The new Junior ISAs designed to encourage children to save money were officially launched on 1 November 2011. The Junior ISAs will be welcomed by many parents following the phasing out of the Child Trust Funds (CTF) which ceased to be available to children born after 3 January...

  • Exceptions to October deadline

    3rd November 2011

    Exceptions to October deadline There are two minor exceptions to the paper filing deadline for the 2011 self-assessment tax returns of 31 October 2011. These are: 1. When taxpayers received a tax return or a letter (called a 'Notice to File') telling them to file online after the 31 July....

  • VAT email enquiry service

    3rd November 2011

    VAT email enquiry service With immediate effect it is now possible to email HMRC with questions relating to VAT. A number of professional bodies have been requesting the introduction of this service over the last few years. HMRC strongly recommends that businesses with written questions use email...

  • National insurance holidays for new businesses

    3rd November 2011

    National insurance holidays for new businesses The National Insurance holiday scheme is designed to help new businesses, in qualifying regional areas, to create jobs by reducing the costs of employing staff. The scheme is only open to qualifying new businesses outside London and the South East. ...

  • Paper self assessment filing reminder

    17th October 2011

    Paper self assessment filing reminder The deadline for submitting paper tax returns for the tax year ended 5 April 2011 is 31 October 2011. If you file your return online the filing deadline for the 2011 return is 31 January 2012. There have been some changes to the penalty regime and any late...

  • Proposals announced to slash red tape for apprenticeships

    17th October 2011

    Proposals announced to slash red tape for apprenticeships The Government has announced a package of new measures to make it easier for employers to take on large numbers of apprentices. Under the proposals, businesses that contract directly with the Government to train apprentices will benefit...

  • Spotlight on VAT registration

    5th August 2011

    Spotlight on VAT registration HMRC has launched a concerted new campaign to tackle businesses trading above the VAT threshold but which have not registered for VAT. Individuals and businesses have until 30 September to tell HMRC that they should have been registered. Those that make a full...

  • Time is running out for Plumbers

    5th August 2011

    Time is running out for Plumbers HMRC issue August deadline for tax disclosure HM Revenue & Customs (HMRC) is warning there is only one month left for individuals who have indicated they want to take advantage of the latest disclosure campaign for unpaid tax and make arrangements to pay any...

  • 2011 Budget Headlines

    30th March 2011

    2011 BUDGET HEADLINES Capital Gains Tax (CGT) There have been no changes announced to the rates of CGT. However, the lifetime limit on gains eligible for Entrepreneurs' Relief (ER) will increase from £5m to £10m from 6 April 2011. There have been no other changes to the ER rules. The CGT annual...

  • Business Rates Relief

    6th October 2010

    Business Rates Relief Rateable values are reviewed every five years as part of a revaluation exercise. The last revaluation took place on 1 April 2010. As a result, of that revaluation the small business rate relief thresholds were increased. In England small businesses are generally entitled to...

  • Government Confirms Minimum Wage Rises

    6th September 2010

    Government Confirms Minimum Wage Rises The government has confirmed that the new National Minimum Wage rates, which come into effect on 1 October 2010, will be: £5.93 (£5.80) per hour for workers aged 21* and over; £4.92 (£4.83) per hour for 18-20 year olds; and £3.64 (£3.57) per hour for 16-17...

  • New Guidance on the Equality Act

    6th September 2010

    New Guidance on the Equality Act Acas has issued new guidance to help businesses understand the changes to the new Equality Act. The new guidance, 'The Equality Act – what's new for employers?', outlines what these changes will mean in practice. Changes brought in by the Act include: employers...

  • HMRC and DWP Trial is Genuine

    6th September 2010

    HMRC and DWP Trial is Genuine HMRC and the Department for Work and Pensions (DWP) are working together to offer customers the chance to participate in a voluntary scheme in which they can agree to have deductions taken from their state benefits and use those deductions to reduce their tax arrears...

  • Employer Provided Company Cars

    6th September 2010

    Employer Provided Company Cars Historically, when employers started to provide, changed or stopped providing cars to employees, Form P46 (Car) had to be submitted by the employer to HMRC. This enabled HMRC to keep tax codes up to date, which in turn ensured that the employee didn't end up with an...

  • HMRC Budget Payment Plan

    6th September 2010

    HMRC Budget Payment Plan A Budget payment Plan (BPP) is an easier way for customers to pay their SA tax. Paying by BPP is voluntary and flexible and allows customers to make regular payments towards a future liability. A BPP customer can: •decide the regular weekly or monthly amount they want...

  • budget june 2010

    24th June 2010

    Here are the key points of Chancellor George Osborne's first Budget, delivered on 22 June, 2010: TAX VAT: Rate will rise from 17.5% to 20% from January 4, 2011. Personal income tax allowance: To be increased by £1,000 in April to £7,475 - worth £170 a year to basic rate taxpayers. It is...

  • First Budget of the new Government

    9th June 2010

    First Budget of the new Government George Osborne has announced that he will deliver his first Budget on 22 June starting 4 weeks of rumour and speculation. It seems to be generally expected that the Capital Gains Tax rate of 18% will be increased – but how high? And when? Will Mr Osborne dare to...

  • Sick Note to Fit Note

    9th June 2010

    Sick Note to Fit Note From April 2010 the sick note is being replaced by a “Statement of Fitness to Work” or "Fit Note".  Doctors will be able to advise if a patient is either “not fit for work” or “may be fit for work.” The doctor may give you and your employee advice about any...

  • VAT payment change reminder

    5th November 2009

    Firms get VAT payment change reminder Businesses are being reminded that HM Revenue and Customs (HMRC) has changed its account details for VAT payments. As a result VAT payments to HMRC need to be made to a new bank sort code and account number. Anyone paying by BACS Direct, by internet or...

  • Standard VAT rate to return 1st January 2010

    5th November 2009

    1st January 2010 is fast approaching and businesses will need to adjust back to the standard 17.5% vat rate, after it had been temporarily reduced to 15 per cent on 1 December 2008. For HM Revenue guidance and further information please follow the...

  • Essex Base

    14th October 2009

    d b Parish is pleased to announce that our correspondance address has changed to 7 South Primrose Hill, Chelmsford, CM1 2RF.  If you need to call us for any reason or book a meeting please call 01245 281 990. ...

  • New meeting facility in Wallingford

    14th October 2009

      d b Parish are delighted to announce that we have a small office inside Unit G, Moses, Winter Way, Wallingford, Oxon, OX10 9FE. We believe the office is more convenient for holding client meetings and better for client parking.  The building is owned by Leedon Maintenance Contractors...

  • Tax Changes

    22nd December 2008

    • The £600 increase in the Income Tax personal allowance announced in May 2008 will become permanent with a further increase of £130.  This means that basic rate taxpayers will pay £145 less tax a year in 2009-10 The personal tax allowance increases to £6,475, and the basic rate tax limit to...

  • Minimum Wage

    19th September 2008

    Minimum wage reminder Employers are being reminded that they need to comply with changes to the minimum wage rates that are due to come into effect in October. As from 1 October the new minimum wage rates all increase. Workers aged 22 and over must be paid a minimum of £5.73 per hour; workers aged...

  • Understanding the changes to the Personal Allowance and basic rate tax band in September 2008

    29th August 2008

    Understanding the changes to the Personal Allowance and basic rate tax band in September 2008 The Chancellor announced that the basic Personal Allowance for the 2008-09 tax year will increase by £600 from £5,435 to £6,035. At the same time the basic rate tax band (the amount of taxable income you...

  • new website launched

    14th July 2008

    our new website is here... to enable us to keep you updated with all the new legistation, allowances changes etc, we have improved our website and website services. keeping you updated is important to us, to allow us to update you as and when things change, simply add your email address to the...

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