tax

Partner at Haines Watts North Devon comment on the budget 2015

So, the chancellor has delivered his final budget before this year’s general election. Consistent with most pre-election budgets, Mr Osborne is keen not to rock the voter boat any more than he has to. Perhaps with some Liberal Democrat influence, the intention to reduce income tax for low and middle earners has been announced; with the 40p tax band applying at £43,300 for the 2017-18 tax year...

Remember your tax return or face a fine

As people return to work and begin to catch up after the Christmas break it is easy for things to get missed, but one thing you can’t forget is your self-assessment tax return deadline, warns ACCA (the Association of Chartered Certified Accountants).

HMRC (Her Majesty’s Revenue and Customs) requires anyone completing a self-assessment online return to send their forms to them by the...

Council to provide retail relief to help the high street

Shops, pubs, restaurants and cafes in Plymouth are amongst those businesses in the retail sector set to receive bigger business rates discounts.

In a bid to support smaller retail businesses Plymouth City Council has announced they will be offering a £1,000 rates discount to those with a rateable value of less than £50,000.

Over 860 businesses will qualify for this discount...

Expert advice for innovative SMEs

The Government is offering small and medium-sized high-tech companies free workshops to support their growth.

The workshops organised by HM Revenue and Customs (HMRC) and the Department for Business, Innovation and Skills (BIS) will highlight the government support available for cutting edge companies.

A range of tax incentives, grants and other support offered to help...

Thousands could lose out on pensions

Thousands of people across the South West could end up not being entitled to a full state pension when they retire, warns ACCA (the Association of Chartered Certified Accountants).

Chas Roy-Chowdhury, ACCA head of taxation said: “Most workers do not have to worry that their National Insurance contributions are up to date, the group that are most at risk from not having the full...

Follow HMRC Advice At Your Own Risk Says Jonathan Gifford Partner at Haines Watts North Devon LLP

A recent tax case involved a lady that sold some shares and tried to claim a capital gains tax rollover relief on the arising gain. The lady had, via her accountant, obtained confirmation from HMRC that the relief could be claimed. However, once her tax return was submitted, HMRC amended the return and removed the relief claimed.

This case gives great cause for concern; surely a...