If you have received an email recently apparently from Companies House regarding a company complaint, it is a spam and you should not click through to any of the links shown. The email that many companies have been getting is as shown below. From: Companieshouse.gov.uk [mailto:web-filing@companies-house.gov.uk] Sent: 19 February 2014 11:37 To: …………………. Subject: FW: […]
The rules HMRC applies are reasonably straightforward: if your claim for PPI compensation is upheld, you will get a refund of premiums paid, the interest you have paid on the premium if it was added to your loan, plus simple interest at 8%. While the principle is to return you to the position you would […]
The government announced the proposed benefit and pension rates for 2014/15 in December 2013. The basic state pension for 2014/15 will be £113.10. The list also covers statutory payments (sick pay, maternity pay etc) and universal credit. Most increases will take place in the first full week of the tax year, ie the week beginning 7 April […]
In the 2013 Autumn Statement the government announced its intention to introduce a scheme for pensioners to top up their Additional State Pension by paying a new class of voluntary National Insurance contribution, to be known as Class 3A. In December the DWP published a policy paper on Class 3A Voluntary National Insurance which gives more detail. […]
We propose to set salary levels in 2014/15 for shareholder directors and their immediate family at £9,880 for the year or £823.33 a month. This is exactly equal to the tax free personal allowance less £120 for a benefit in kind where we prepare your personal tax return. Where we don’t prepare your tax return, the […]
Where a client has a number of outstanding liabilities of which some are interest-bearing or may give rise to penalties and some (such as interest itself) don’t, the way in which payments are allocated can be very important. Too important to be left to chance, perhaps. There are some rules. The first rule is that […]
HMRC has published the advisory fuel rates to be used from 1 December 2013. Advisory fuel rates are HMRC-approved rates which apply where employers reimburse employees for business travel in their company cars, and where employees reimburse the cost of fuel used for private travel in a company car. Using the advisory rates means there is no fuel […]
In the current climate many businesses are finding themselves in a position whereby they do not have funds to pay the VAT bill at the end of the quarter. With default surcharge penalties levied at up to 15%, how can you avoid a penalty? The recent case of Olive Business Solutions Limited considered whether the […]
If you are a director of one company (A) and provide services to another company (company B – and invoice that other company B for those services) AND you are also a director of that other company B, you may well now be caught by IR35 with effect from April 2013. The key question is whether the […]
HMRC Public Notice 700/21 has been updated and one of the updates is in relation to new guidance on issuing VAT simplified invoices by businesses other than retailers. Historically the Public Notice provided that only retailers could issue simplified invoices. A simplified invoice does not show the net, VAT and gross figures separately but should […]
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