Accountants, Business Advisers & Tax Consultants
St Mary's Court
© MD Consulting 2012
VAT Holiday Over As Rates Expected To Return To 17.5%
The Government’s one-year VAT holiday will end on 1st January 2010, with rates expected to return to 17.5% from the 15% we have enjoyed all year.
Directors’ Service Addresses
Changes introduced on 1 October mean that every director must provide Companies House with both their usual residential address, and a ‘service address’ for each directorship they hold. A director may choose any service address, including the company’s registered office or their own home address, but PO boxes or DX numbers are not permitted.
Tips Don’t Count Towards The NMW
As you may be aware the National Minimum Wage (NMW) rates increased from 1 October 2009.
Tax Relief On Nursery Vouchers To Be Withdrawn
In his speech to the Labour Party Conference, the Prime Minister, Gordon Brown announced an extension of free nursery places, to be financed by the withdrawal of the tax and National Insurance (NIC) exemptions for childcare vouchers.
Paying Paye On Time
HMRC are warning employers that from May 2010 they may have to pay a penalty if they do not pay their PAYE on time. These are generally due each month, on time and in full.
31 October Self Assessment Deadline
HMRC are warning taxpayers who wish to file a paper (non electronic) tax return for the 2008/09 tax year, should generally reach them by midnight on Saturday 31 October 2009 (or be hand delivered by Monday 2 November).
Online Payroll Starter And Leaver Forms
HMRC are reminding employers with 50 or more employees that they should now be filing online their starter and leaver information online. The forms which need to be filed electronically, and should have been online since 6 April 2009.