Many people reading this will have had to write substantial cheques to HMRC on 31 January. Click on the link for ten tips that could help to make next year's cheque slightly less painful.
Last Wednesday, 21 October 2015, was Back to the Future Day – the date Marty McFly and Doc Brown visited in the sci-fi film sequel Back to the Future Part II.
A lot has changed since Marty and Doc jumped into the DeLorean back in 1985. Thirty years ago, Margaret Thatcher was in her second term as Prime Minister. 1985 was the year that the first British mobile phone call was made, scientists of the British Antarctic Survey discovered the ozone hole and the Live Aid concerts raised millions to help those affected by the Ethiopian famine. But what did the tax system look like?
Parliament has introduced a compulsory charge on single-use plastic bags provided with goods supplied in or to England. This charge comes into effect on 5 October 2015.
As set out in our August 2014 newsletter, the 2014 Finance Act introduced significant new powers for HM Revenue and Customs (HMRC) that require taxpayers using avoidance schemes to pay the disputed tax upfront through the use of 'accelerated payment notices' (APN).
A new poll carried out by Ryecroft Glenton, one of the North East’s largest independent firms of chartered accountants and business advisors shows that businesses in the North East would like Chancellor George Osborne to provide more support to encourage growth.