(Article courtesy of Abbey Tax Protection) After three Tribunal Hearings, the first of which was in October 2011, a self-employed consultant geriatrician has lost his long battle with HM Revenue & Customs (HMRC) over his business mileage claims. The First-Tier Tribunal (FTT) has decided that Dr Samadian cannot treat his home as the starting point […]
The Autumn Statement – What it Means for Business
The Chancellor delivered his Autumn Statement today, and I think it was a relatively good one (considering the pressure the Government is under to raise money!) for businesses and their owners – it’s clearly aimed at using business to kick start the economy. Here are the main things you need to know: Annual Investment Allowance […]
CIOT welcomes child benefit rule change
An article by nickhuber recently posted on Accounting Web, may be of interest to some of our clients The Chartered Institute of Taxation (CIOT) has welcomed a government decision not to penalise parents who opt of out receiving child benefit in order to avoid a tax charge when new rules come into force […]
Child Benefit Scares
The clawing back of child benefit in situations where one partner has an income of over £50,000 (in the current tax year) starts on 7 January 2013. Until then, there are plenty of scare stories doing the rounds; what is clear is that the system is likely to be an administrative nightmare if you find […]