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Welcome to the Haines Watts Newswire

May 2010

News

HM Revenue and Customs (HMRC) is ‘struggling to cope’ with the deluge of calls that are being made to its tax helpline service, according to recent reports. Read more...

Chancellor George Osborne has announced there will be an emergency Budget on 22 June, exactly six weeks after the new coalition Government took office. Read more...

If, as a result of the disruption caused by the volcanic ash cloud, you are worried about being able to meet payments owed to HMRC, help may be at hand. Read more...


Key dates

May 2010

31st: Filing date for Corporation Tax Return Form CT600 for period ended 31 May 2009.

Last day to issue 2009/10 P60s to employees.

June 2010

1st: Due date for payment of Corporation Tax for period ended 31 August 2009.

30th: Filing date for Corporation Tax Return Form CT600 for period ended 30 June 2009.

Annual adjustment for VAT partial exemption calculations (March VAT year end).

End of CT61 quarterly period.

Last day for UK businesses to reclaim EC VAT chargeable in 2009.


Tips

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Contract hire for vehicle funding

Research suggests that during the economic downturn, businesses are turning to contract hire for the stability that it provides. Findings made by the Corporate Vehicle Observatory (CVO), show that over the next few years contract hire will be the vehicle funding method of choice. Contract hire provides a range of benefits including stability, favourable tax advantages, cutting costs and reduced administration. Read how HW Expense Control can help...

Automate Sage backups & store them remotely

Sage 50 backups can take a long time to complete, and can cause disruption to your day to day operation. A solution is available that takes backups whilst users continue to work... find out more...



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