Posted by Fleur Oswald on 05/07/2010
From the 1 April 2011, HMRC will only accept accounts and Corporation Tax returns in a new format called XBRL - which means that accounts and returns prepared in Word, Excel and many other software packages won’t be accepted!
XBRL, which stands for eXtensible Business Reporting Language, is a standard format and will allow HMRC to store information in a way that makes it easier to ...
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Posted by Ewan McClymont on 29/06/2010
Here are some of the top tips for successful grant applications that I’ve picked up over a decade working with public funding.
- Are you eligible? There’s no point wasting time, energy and expense in applying for something that you’re not eligible for. Make sure you talk to the funding provider at the early stages of your project to make sure that you ...
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Posted by Andrew Browne on 15/06/2010
With the budget a week away, I thought I would set out what I believe the Chancellor may change - please note this is purely my thoughts, and not based on fact:
Capital Gains Tax
The chancellor will introduce a new top rate for CGT of 40% on investment assets. Business assets will continue with an effective rate of 10%.
I imagine there will be an extension of ...
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Posted by Ewan McClymont on 14/06/2010
At the time of writing, one of the big oil companies has made itself very unpopular in America. Let’s hope they clean up the damage from the oil spill and learn from what went wrong. Another oil company, Shell, is less known for its work on helping small businesses that have innovative ideas on carbon reduction.
The Shell Springboard programme makes up to six awards of ...
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Posted by Andy Richens on 04/06/2010
HM Revenue and Customs (HMRC) have increased the advisory fuel rates for company cars. The new rates apply from 1 June 2010, although the old rate may continue to be used for one month if you are unable to change in time.
The rates are reviewed twice per year, or where there is a variation in fuel prices greater than 5%.
Please note the tax-free amounts payable ...
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