Non-dom tax to see reforms

The Treasury has published a consultation paper on reforming the tax system as it applies to non-domiciled residents. The Government has also set out another consultation on its plans for a statutory residence test (SRT). The aim of the non-dom consultation, the Government said, is to encourage individuals to invest in the UK while also[…]

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Pension Auto Enrolment

In the summer of 2007 a seminar from one of the major UK insurance companies at Mere Golf & Country Club caused something of a stir. The topic was pensions and the changes that were due to come over the following few years. It focused on how workplace pensions were to change and how employers[…]

Bribery Act finally in place

New laws aimed at cracking down on business bribery have come on stream. The Bribery Act, which took effect as from 1 July 2011, has been designed to bring the UK into line with international laws on tackling corruption. Under the Act, it is illegal to offer or to receive bribes. A new law of[…]

Tax reconciliation process on its way

HM Revenue and Customs (HMRC) has embarked on its latest checks that employers have been deducting the right amounts of tax from their workers. Preliminary estimates suggest that up to 4.7 million people may have paid incorrect amounts of tax for the year 2010/11. The annual reconciliation process involves cross-checking details on the PAYE system,[…]

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What the Bribery Act means for business

New laws aimed at cracking down on business bribery have come on stream. The Bribery Act, which took effect as from 1 July 2011, has been designed to update legislation in some cases dating back as far as 1889 and to bring the UK into line with international laws on tackling corruption. The main terms[…]

Tax and your business: the year ahead

This 2011/12 guide is intended to help you and your [unincorporated] business tax planning Don’t miss out on tax planning opportunities. Planning for the year ahead will benefit your business. Tax is payable by an unincorporated business at income tax rates from 20 to 50 per cent. In addition there is a liability to class[…]