Business News - June
From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
22 Million Tax Payers Compensation in 10p Tax U-Turn
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Lincolnshire based accountants Moore Thompson are informing individuals of the government’s announcement to compensate UK taxpayers for the abolition of the 10p income tax rate. The package of measures includes an increase in the annual personal allowance of all basic rate taxpayers. |
10% Tax Rate Climb Down
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We live in quite amazing times in the world of tax. Over a year ago, in Gordon Brown’s last Budget speech as Chancellor, the so-called ‘abolition’ of the 10% starting rate was announced. The government’s reason for this was, and still remains, the simplification of the tax system. |
Take Care What Information You Post On The Internet
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It has been reported in the Daily Express that tax inspectors are searching social networking sites for potential tax evaders, who may be ‘advertising’ their wealth or assets which may lead HMRC to believe they have ‘hidden’ remuneration. |
Flexible Working Extension
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The government has announced plans to extend the right to request flexible working to parents with children up to the age of 16. |
SMP And Salary Sacrifice Arrangements
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HMRC have published some guidance on the complex area of salary sacrifice and entitlements to both statutory maternity pay and continuing non cash benefits during maternity leave. |
Update Your Will
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The Law Society has warned that thousands of Wills could need updating as a result of rising care and nursing fees which force the elderly to sell their assets, in many instances their homes, to pay for care. The home is generally the largest asset left to loved ones. |
Drive To Help Women Boost Their State Pension
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Women pensioners could boost their state pension or even be in line for a windfall payment under special terms. |
