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April 2010

  • 2010 Budget News

    This was a pre-election Budget but without many give-away prizes. Many of the standard allowances and thresholds have been frozen for two to five years, which introduces hidden tax rises by way of fiscal drag. This summary concentrates on the main tax issues affecting our clients. The good news points for small businesses are the…More

  • Company Car and Van Changes

    Newsletter issue - April 2010. The taxable benefit charged for the use of company cars and fuel for those vehicles is increasing from 6 April 2010. Say you drive a petrol-powered car with CO2 emissions of 160g/km. In the tax year to 5 April 2010 you are taxed at 20% of the vehicle's list price.…More

  • VAT Payments and New Penalties

    Newsletter issue - April 2010. From 1 April 2010 most businesses will be required to file VAT returns online and also pay the VAT due online. However, existing businesses with a turnover of less than £100k can continue to file paper returns and pay by cheque. From 1 April 2010 all VAT payments made by…More

  • New Rateable Values from 1 April

    Newsletter issue - April 2010. Business rates are a big fixed cost for many small businesses and it is not easy to move to smaller premises if your sales decline. What's more, the rateable value of commercial properties is revised every five years, normally upwards. The latest revaluation takes effect from 1 April 2010, but…More

  • New Employment Regulations

    Newsletter issue - April 2010. There are a host of new employment related regulations coming into force on 6 April 2010. This is a brief summary of those regulations that are likely to affect you or your business. Fit notes – these replace sick notes issued by GPs and will state what the worker can…More

  • April Question and Answer Corner

    Newsletter issue - April 2010. Q. I was trying to sell my business before the new tax year, to avoid a potentially large tax bill from an increase in the rate of capital gains tax. I haven't been able to, so what's the position for the 2010/11 tax year. A. The rate of capital gains…More

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