Business News - April
From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
Tax Changes In This Year’s Budget
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Lincolnshire based accountants Moore Thompson are reminding individuals that a large number of changes to varying tax regimes were announced in the 2008 Budget, with many of them coming into force on April 6th 2008. |
National Minimum Wage Increases
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The National Minimum Wage will rise to £5.73 (£5.52) an hour in October 2008. |
Entrepreneurs' Relief Draft Legislation
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In the Pre-Budget Report last October Chancellor Alistair Darling announced a series of changes to the capital gains tax (CGT) regime for individuals and trustees. |
‘Income Shifting’ Legislation Delayed
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The introduction of the proposed legislation on ‘income shifting’ has been delayed until April 2009. |
Online Submission Of Employers Forms
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The employers annual returns P35 and P14 (P60) are due for submission to HMRC by 19 May 2008. |
Reduced Rate For Smoking Cessation Products
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A reduced 5% VAT rate for ‘over the counter’ sales of smoking cessation products was introduced from 1 July 2007 for a period of one year only. |
In Year Online Filing Of Employer Returns
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HMRC have issued some additional guidance on filing in year forms online. The guidance concerns online submission of forms P45 and P46. |
