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Access government support for exporters

by | Jul 16, 2014 | ACCA, business issues

Government agency focused on helping SMEs grow their export business. UK Export Finance (UKEF) is working to deliver the government’s export strategy. It helps exporters by providing guarantees and insurance policies to complement those on offer in the private sector...

A precious gift

by | Jul 10, 2014 | personal taxatation, Tax Help for Old People

A gift to a charity or community amateur sports club (CASC) is precious in many ways. It expresses your appreciation in a beneficial way and potentially helps the charity/CASC continue doing what they do into the future. If you decide to gift aid your donation it also...

Fees and subs – What is allowable for employees?

by | Jun 30, 2014 | ACCA

What is allowable for employees? Fees and subs are allowable if they are in this list and are: a statutory fee or contribution where employees pay this out of their earnings from an employment and are required to pay this as a statutory condition of their employment...

Overpaid VAT – is interest due?

by | Jun 24, 2014 | ACCA, VAT

Outlook remains murky following a recent court judgement involving HMRC and Littlewoods.  Brief 20/14 HMRC’ s position following the High Court Judgement in Littlewoods Retail Ltd and Others highlights that the High Court found against HMRC and that Littlewoods’...

Governance of defined benefit pension schemes

by | Jun 22, 2014 | ACCA, pensions

Understanding the role of a pension scheme trustee. Trustees of pension schemes have a legal obligation, under section 249A of the Pensions Act 2004, to implement adequate internal controls. This covers a broad range of governance functions including operational,...

HMRC new IR35 guidance

by | Jun 20, 2014 | IR35, PSC

HMRC has published some new IR35 guidance. No new rules or law, just updated guidance.  It’s worth a read for background but it’s slanted to how HMRC would like IR35 to work, not how the courts have actually ruled IR35 and employment status works....

Payroll – interest on late payments

by | Jun 14, 2014 | ACCA, employer returns

Topical advice on how interest is being accrued on late payments. Employers will be able to see an estimate of the interest building up on late payments on the Business Tax Dashboard. Those who pay electronically will have seen this from 19 May. It will appear until...

Inheritance tax update

by | Jun 12, 2014 | ACCA, capital taxation

Recent developments in inheritance tax legislation and new guidance from HMRC have given rise to changes to the inheritance tax code.  Nil rate provision in legacy In the case of Loring v Woodland Trust, the transfer and use of Mrs Loring’s husband’s unused nil...
Whitefield Tax - Isle of Wight Accountants - IR35 specialists
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