Mullen Stoker - Durham Accountant, Business Advice, Tax Advice, Tax Returns, Durham, Uk

Archive for May, 2016

Inheritance Tax (IHT) Plan to legally save £100,000s on your estate

Monday, May 23rd, 2016

Inheritance Tax (IHT) Plan to legally save £100,000s on your estate

Inheritance tax can cost loved ones hundreds of thousands in the event of your death, yet it’s possible to legally avoid huge swathes of it, or possibly pay none at all.

The most important thing to do is to examine whether you’ll pay inheritance tax and what to do about it; and this quick Q&A guide is here to do just that. We’ve now updated it to include Government proposals to give people an extra property allowance from April 2017.

(more…)

British business needs investment and vision. But most of all it needs purpose

Monday, May 23rd, 2016

British business needs investment and vision. But most of all it needs purpose

There is a quiet crisis in British business. The number of quoted British public companies has halved over the past 15 years. Too many famous names among those that are left – from oil to retailing – have been embroiled in scandals or have profound problems with their business model. There are only two hi-tech companies – ARM and Sage – represented in the FTSE 100. Fifty years ago there were dozens.

(more…)

EU’s MOSS changes could see UK companies charging French VAT

Monday, May 23rd, 2016

EU’s MOSS changes could see UK companies charging French VAT

EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located, a London accountancy firm has claimed.

(more…)

Will the new inheritance tax rules affect you?

Monday, May 23rd, 2016

Will the new inheritance tax rules affect you?

Last year, George Osborne announced his plans to gradually increase the IHT threshold to £1 million – to help reduce the amount of families paying the 40pc death duty. But the following factors suggest this may not be available to everyone and you could still be liable:

(more…)

‘Gaps in pension regulation’ could disrupt auto enrolment success, MPs caution

Monday, May 23rd, 2016

‘Gaps in pension regulation’ could disrupt auto enrolment success, MPs caution

GAPS in pension law and regulation have allowed “potentially unstable master trusts” onto the market, putting the success of auto enrolment at risk, a report by MPs has found. The work and pensions select committee has released a report labelling auto enrolment as so far being a “tremendous success”, but has warned of the potential pitfalls to taxpayer’s pension savings because of “potentially unstable master trusts” occupying the market.

(more…)

HMRC pulls in £737m as payroll errors continue

Monday, May 23rd, 2016

HMRC pulls in £737m as payroll errors continue

SMALL BUSINESSES have come under fire from HM Revenue & Customs as part of crackdown on payroll tax mistakes,

(more…)

National Living Wage of £7.20 per hour comes into force for workers aged 25 and above.

Monday, May 16th, 2016

National Living Wage of £7.20 per hour comes into force for workers aged 25 and above

First announced by the Chancellor in his Summer Budget last year, the new National Living Wage delivers a key part of the government’s plan to move towards a higher wage economy.

In some parts of the country, a fifth of the entire workforce will benefit directly from today’s increase. It will mean a £900 cash increase for a full-time worker on the current National Minimum Wage and by 2020, 2.9 million workers are expected to benefit directly. The Office for Budget Responsibility (OBR) estimating that in total, up to 6 million people could see a pay rise as a result of a ripple effect causing pay to rise further up the earnings distribution.

(more…)

HMRC slammed by business community over quarterly tax returns

Monday, May 16th, 2016

HMRC slammed by business community over quarterly tax returns

CRITICS of HMRC’s ‘Making Tax Digital’ initiative have slated the taxman’s plans for a quarterly tax filing system, with one business group claiming that the plans  will “substantially increase administrative burdens” for the smallest of companies. This news comes just days after HMRC rolled out digital tax accounts for every individual and small business owner in the UK.

(more…)

Reality Check: Has the UK given up its tax and banking veto?

Monday, May 16th, 2016

Reality Check: Has the UK given up its tax and banking veto?

The claim: The EU wants more control of UK banks and taxes and we have lost our veto over this.

Reality Check verdict: Britain has a veto over tax measures, but for some issues that affect UK banks and financial institutions can be out-voted by other EU members.

(more…)

newsletter
sitemap
contact us