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Archive: Feb 2016

  1. Author: JW / / Latest News

    Changes To The Way We Pay Interest

    The Government announced in the 2015 Budget Statement, the introduction of a Personal Savings Allowance and the ending of the Tax Deducted Scheme for interest. This scheme required banks/ building societies to deduct tax from interest paid on deposits, for certain business and personal accounts.

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  2. Author: JW / / Latest News

    Late Tax Return Excuses

    Not everyone managed to file their tax return to HMRC by the 31st January deadline and HMRC have revealed some of the excuses that were used for not meeting the deadline:

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  3. Author: JW / / Latest News

    Self Employed – Are you keeping a mileage log?

    As for most businesses, you probably have a car or van on which you wish to claim tax relief for the capital cost and the expenses.

    As you can only claim the business proportion of the expenses, are you keeping a mileage log to prove the business proportion?

    If not then you should be. This is the only way to defend the amount claimed on your tax return if you receive a query from HMRC.

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  4. Author: JW / / Latest News

    The Living Wage along with Auto Enrolment

    The Living Wage along with Auto Enrolment, are the changes that are really making an impact on employers this year. Yet business owners are still not preparing for the changes or don’t know anything about them.

    The National Living Wage means that many employees will see at least a 50 pence per hour increase to their wages, this will mean a higher wage bill for the employer, also it may have an impact on pension contributions.

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  5. Author: JW / / Latest News

    Latest Fake HMRC email scam

    A new fake ‘HMRC’ email scam is currently being sent out to taxpayers suggesting they have a tax refund.

    Purporting to come from HMRC, the email says the recipient is eligible to receive a tax refund and needs to complete a form to receive this.

    The email comes with an HMRC logo, in the familiar green, but the spelling mistakes, poor layout and wording will probably suggest too many recipients that it is a fake. It also comes from a give-away non-official email address

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