Posted by Pippa Clarke on 17/01/2012
The Government has published a consultation document on its plans for a statutory residence test (SRT). The aim is to enable taxpayers to assess their residence status in a straightforward way. Furthermore, it will enable those who come to the UK on business, as employees or investors, to have a clear view of their tax treatment.
Tax residence has an important bearing on an individual’s UK ...
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Posted by Andy Richens on 17/01/2012
The Chancellor’s Autumn Statement introduced a new Seed Enterprise Investment Scheme (SEIS). The SEIS focuses on smaller, early stage companies carrying on or preparing to carry on, a new qualifying trade. The scheme offers considerable tax benefits for an investor:
- Income tax relief at the fixed rate of 50% on an SEIS investment up to £100,000 in the year, will apply to ...
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Posted by Wendy Andrews on 10/01/2012
From 1 April 2012, all VAT registered businesses will have to file their VAT returns online and pay any VAT due electronically. The only exception is for certain businesses which are subject to an insolvency procedure.
Since 1 April 2010, online filing has been compulsory for most businesses, with the exception of those which were registered before 1 April 2010 and have a turnover below £100k.
These ...
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