Email not displaying correctly? View it in your browser.
visit our website

Welcome to the HW Newswire

December 2008

News...


Advisory fuel rates

HMRC has announced the new fuel rates for company cars from 1st January. full story...

Further details on changes to VAT

From 1 December the rate of Output VAT on all your supplies of goods and services which are subject to the standard rate of VAT should have been reduced from 17.5% down to 15%. Click here to find out further details of how this will affect your business.

Banking Bill welcomed by business

The business community has welcomed proposed changes to the banking system, as announced in the Queen’s speech.full story...


Key Dates...


December 2008

29th Last date to file your 2008 Tax Return electronically if you are an employee and wish to have a 2007/08 balancing payment of less than £2,000 collected through your 2008/09 PAYE code. Date dependant upon who is filing.
31st Last day for non-EC traders to reclaim recoverable UK VAT suffered in the year to 30 June 2008.
End of relevant year for taxable distance supplies to UK for VAT registration purposes.
End of relevant year for cross-border acquisitions of taxable goods in the UK for VAT registration purposes.
End of CT61 quarterly period.
Filing date for Corporation Tax Return Form CT600 for period ended 31 December 2007

January 2009

1st Due date for payment of Corporation Tax for period ended 31 March 2008.
19th PAYE/NIC due for the month to 5 January 2009.
PAYE and CIS quarterly payment date for small employers and contractors.
31st Deadline for submitting your 2007/08 income tax self assessment return (up to £100 penalty if your return is late).
Balance of your 2007/08 income tax due, plus first payment on account for 2008/09 (interest will run on any payments due and not paid).
Filing date for Corporation Tax Return Form CT600 for period ended 31 January 2008.

Tax Tips



New Years Resolution: Make a Will and Review it Regularly
If you die without making a will, your assets will be divided between your relatives according to the intestacy rules. This will be after IHT is paid at 40% on any value above £312,000 that goes to anyone other than your spouse or civil partner. If you have no surviving relatives, the same tax will be paid but the Crown (ie the government) will claim the balance. To avoid this, if you have no relatives, make a will leaving your estate to the charities of your choice. Anything left to charity is free of IHT. Wills should be reviewed and, if necessary, updated regularly to ensure that they are still effective in the light of any changes in tax and other legislation.



Tax & Wealth Planning Guide

In today's unpredictable and difficult economic climate, taking time to plan for your taxes and wealth creation is the key to financial security for you and your family. To help you focus on these key areas, HW have prepared a Tax & Wealth Planning guide that presents a range of financial planning ideas that can be applied to both your personal and business situations. Click here to download the guide.
Please visit our website for more information at www.hwca.com

You can contact the sender at: $officeaddress, Phone Number: $officetel, Fax number: $officefax

"; if($office == 326) $mailshot .= "

and at: Sterling House, 22 St Cuthbert's Way, Darlington, Co Durham, DL1 1GB - Phone Number: 01325 254700 - Fax Number: 01325 486434

"; $mailshot .= "

To unsubscribe from this newsletter please click here

Disclaimer