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Real Time Information is coming
What is Real Time Information (RTI)? Real Time Information is the biggest change to the PAYE system since its inception in 1944. The change is an administrative one; essentially only the reporting will...
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Tax tips mini-series (4 of 4)
This is the last in our tax tip mini-series. So far we have covered: The staff suggestion scheme Employee training Staff parties Now we move on to our last tip: relocation expenses. Relocation...
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Tax tips mini-series (3 of 4)
Our mini-series continues with tip number three out of the following four: The staff suggestion scheme Employee training Staff parties Relocation expenses Staff parties Staff parties can be tax free,...
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Tax tips mini-series (2 of 4)
The second in our tax tip mini-series is somewhat more specific, but can exempt up to £15,000 per year from tax. Just to recap, our mini-series covers: The staff suggestion scheme Employee training...
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Tax tips mini-series (1 of 4)
This is the first of a mini-series in which we will look at small tax breaks for companies. In the right context they can save you and/or your employees money. These aren’t tax avoidance schemes, but...
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Budget 2012 – Special Report
“Britain is open for business” may just be a catchy political slogan, but it appears the Government is taking it seriously nonetheless. Away from the headlines on the cut of the top rate of tax to 45p...
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An introduction to Transfer Pricing
Background When two companies do business, their transactions are generally thought of as being priced by the market. However, when two entities are linked the laws of supply and demand don’t apply....
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Transfer Pricing shifts East
Controversy over “tax dodging” Transfer pricing is a controversial area, and is accused of being open to exploitation (pdf) with the victims often being poorer countries whose tax authorities do not...
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Striking off companies
The death of a company When a solvent company comes to the end of its life, it can either be wound up or struck off. Winding up is the formal process, involving the appointment of a liquidator to sell...
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A development of interest in the financial world
On 27th March HMRC released a consultation document entitled ‘Possible changes to Income Tax rules on interest’. This drearily-named paper proposes a series of anti-avoidance measures aimed at...
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