dsaccountancy.co.uk

Every taxpayer may be given online access to their tax records, the government has suggested. The idea is part of a public consultation on making the personal tax system easier to use and understand. Other ideas include supplying pre-filled tax returns to people in the self-assessment system using information from employers and banks. All taxpayers …

Ed Balls has unveiled a five-point plan to kick-start Britain’s stalled economy in a speech to Labour’s conference. It includes a VAT cut, tax breaks for small firms and using a bank bonus tax to pay for new affordable homes and guaranteed jobs for young people. If the coalition adopted the proposals, Labour would back …

Penalties could reach 100% of all outstanding tax for firms failing to take steps HM Revenue & Customs (HMRC) will write to more than 40,000 small firms and sole traders over the next few weeks, in a bid to stamp out VAT evasion. The Revenue says the letters will be sent to companies which, they …

Allowances are set to change, bringing to an end a way of offsetting costs against properties that are let to tourists. Landlords are being urged to make the most of a little-known tax relief on their holiday homes before it’s too late. Imminent changes to valuable tax allowances on holiday lettings mean that they should …

Help for Businesses   Corporation tax to be cut by 2% in April, not 1% as previously planned Tax to cut by 1% in each of the next three years, reducing it to 23% Bank levy to be adjusted so banks do not pay less tax as a result 43 tax reliefs to be scrapped …