Archive | February, 2012

Should all EU states align their corporate tax rates?

Should all EU states align their corporate tax rates?

Contractor accountants in the UK and Ireland are bitterly opposed to a legally binding EU-wide tax rate, but the prospect of such an event is moving closer.

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Are micro-businesses to be freed from some onerous red tape?

Are micro-businesses to be freed from some onerous red tape?

You may be relieved to learn that the European Council has agreed new requirements to reduce bureaucracy and create a less burdensome accounting and reporting system for micro-businesses.

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Are pension rules set to change in the March Budget?

Are pension rules set to change in the March Budget?

Contractor accountants may be concerned to learn that George Osborne is considering changing tax relief on pension contributions when he delivers the March Budget.

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Budget 2012 – the new utopia of a modern Britain

Budget 2012 – the new utopia of a modern Britain

One of the few advantages of resting between contracts is that you can go off on holiday without that nagging feeling that you’re throwing away lots of earnings to do so.

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Contractor accountants will be exempt from Business Records Checks

Contractor accountants will be exempt from Business Records Checks

Accountants may be interested to learn that HMRC will not be checking the record keeping abilities of accountancy firms in the future.

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Will an HMRC penalty notice drop through your letterbox?

Will an HMRC penalty notice drop through your letterbox?

Contractor accountants who missed the deadline for filing their self-assessment tax return are likely to receive a penalty notice from HMRC in the next few days.

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Utilising film finance loophole leads to bankers’ arrest

Utilising film finance loophole leads to bankers’ arrest

HMRC recently arrested around 16 people, including some City bankers, suspected of participating in a tax evasion.

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Unemployed accountants for contractors can turn to CABA for help job seeking

Unemployed accountants for contractors can turn to CABA for help job seeking

The Chartered Accountants Benevolent Association launched two new services last week to provide support and advice for unemployed contractor accountants.

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IR35 – and still it rumbles on…

IR35 – and still it rumbles on…

Since outing Mr Lester as a tax avoiding monster intent on destroying the UK economy single-handed, the press have continued to turn up cases where people are working for the Civil Service in a range of senior roles but who aren’t actually Civil Servants.

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HMRC doubles corporation tax take from large business investigations

HMRC doubles corporation tax take from large business investigations

HMRC raked in an additional £4.06 billion through its investigations into corporation tax last year.

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Does the Treasury know what’s going on in the UK?

Does the Treasury know what’s going on in the UK?

According to MPs, the Treasury has not got to grips with financial trends, nor has it made plans to deal with them, online accountants may be interested to learn.

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How many contractor accountants went into liquidation in final quarter of 2011?

How many contractor accountants went into liquidation in final quarter of 2011?

The latest company liquidation figures published by the Insolvency Service have been released.

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