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Hydrate For Health Receives Queen’s Award For Enterprise
Bristol based company Hydrate for Health Ltd is celebrating after being named as a winner of a Queen’s Award for Enterprise – the UK’s highest accolade for business success, in the category of Innovation. The award is in recognition of the impact their unique product, The Hydrant is having across the healthcare system. The Hydrant…
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Claiming Capital Allowances On Certain Fixtures In Buildings
Have you identified all the expenditure and claimed all the capital allowances you can? This includes Expenditure spent on heating systems, lighting, Alarm systems etc.. Have you acquired a new freehold or leasehold property recently? Have you agreed with the Vendor the value of the building fixtures?
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Child Benefit Tax Charge
If you are unlucky to be caught by the new rules introduced on 7 January 2013 and are thinking of opting out from the “Child Benefit” regime altogether, then please reconsider. Not claiming child benefit could mean that some State Pension entitlement could be lost.
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Change to IR35 legislation to cover office-holders
IR35 tax rules are being extended to office-holders for the 2013-14 tax year onwards. This change applies where a worker provides their personal services to a client via an intermediary to fulfil the duties of an office and the income for those services has not already been subject to PAYE/NICs as employment income.
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All sleeping and limited partners and agents will pay NICs from 6 April
From 6 April 2013 sleeping and inactive limited partners will be required to pay Class 2 NICs and Class 4 NICs after reviewing its interpretation of the law, unless a sleeping or inactive limited partner is either under 16, over pension age, is granted the small earnings exception, is a married woman or widow with…
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Some Overseas News
TAX AGREEMENTS ‒ Jersey and Guernsey agree automatic reporting to UK Banks in Jersey and Guernsey will soon begin automatically reporting client information to the UK tax authorities, probably starting next year. As with the earlier Isle of Man agreement, UK residents are now being invited to disclose previously undeclared offshore accounts to HM Revenue…