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News, comments and updates - February 2012

Further calls for Budget tax cuts ‘to boost business confidence’

The Government is facing further pressure to announce tax cuts in the forthcoming Budget, in order to stimulate economic growth and improve business confidence.

Coalition to consider cuts to higher-rate pensions tax relief

Higher-rate tax relief on pension savings could be halved to 20%, under plans reportedly being considered by the Government.

HMRC announces ‘fresh approach’ to Business Records Checks

HM Revenue & Customs (HMRC) will be adopting a ‘fresh approach’ to its Business Records Checks programme, following a recent review of the system.

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Take control of your debtors

Having trouble getting the money your owed? Not in control of your debtors? Not sure what the state of your debtors are at the moment?

Measure it, then manage it

Does KPI mean less to you than KFC? Here I serve up some key takeaways for your business.

50% tax rate - no escape yet

There’s been a lot of speculation in the press about how much the 50% tax rate measure will raise, but the truth of the matter is no one really knows.

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28th February 2012

	5% penalty surcharge on any 2010/2011 outstanding tax due on 31 January 2012 still remaining unpaid.
	Filing date for Corporation Tax Return Form CT600 for period ended 28 February 2011.

1st March 2012

Due date for payment of Corporation Tax for period ended 31 May 2011.

19th March 2012

PAYE/NIC due for the month to 5 March 2012.

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Keeping you informed

Remember, we are here to advise you and keep you up to date with changes that may affect your business. Contact us if you need any help.

Haines Watts
11a Park House
Milton Park
Abingdon
Oxon
OX14 4RS

Tel: 01235 835900
Email: national@hwca.com

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