HMRC is reminding taxpayers filing a tax return online for the first time that, when they have registered for the service via www.hmrc.gov.uk/online, a user ID and an activation code will be posted to them ‘within seven working days’.
Francesca Lagerberg reviews developments affecting SMEs
The Treasury launched on 9 December 2010 a consultation on draft legislation for Finance Bill 2011. The following brief outline of the measures is based on the Treasury’s overview and draft explanatory notes.
Giles Downes examines the capital allowances provisions
Stefano Borsi and Colin French review the impact of the provisions on venture capital schemes
The Treasury has published tables of income tax rates and allowances, NIC rates and limits, and tax credits rates and thresholds for the tax year 2011/12.
Payments of Class 2 national insurance contributions will be due on 31 January and 31 July, in line with self assessment due dates, with effect from April 2011, HMRC announced.
The Government believes that few individuals will incur tax charges as a result of exceeding the annual allowance for tax-privileged pension saving, said Mark Hoban, Financial Secretary to the Treasury.
Your refresher guide, by Simon Groom
Jacky Kinsey and Gemma Gill consider the tax obstacles facing UK small businesses on expansion overseas