Business Payment Support Service
 |
The Business Payment
Support Service, announced in the Pre-Budget
Report 2008, is designed to meet the needs of
businesses affected by the current economic conditions.
Any business that is worried about being able
to meet tax, National Insurance or other payments
owed to HMRC, or anticipates that payments becoming
due will cause them problems, can get in touch
with HMRC to discuss payment options to help
them deal with temporary cash flow difficulties
on 0845 302 1435.
 Click
here to view full article...
|
|
 |
Changes to the Advisory Fuel
Rates from 1 January 2009
To reflect the reduction
in fuel prices, HMRC have issued new advisory
fuel rates for employees driving employer provided
cars. These take effect for all journeys undertaken
from 1 January 2009, so employers using the advisory
rates should advise affected employees and update
any expense forms as soon as possible.
Click
here to view full article... |
|
|
|
Demand for Advice on Redundancy
and Lay-Offs
 |
Acas, the Advisory,
Conciliation and Arbitration Service, have reported
a sharp increase in the number of businesses
and employees seeking advice on redundancy, lay-offs
and business transfers.
Click
here to view full article... |
|
|
Cut in Interest Rates
|
|
VAT - Extension of 14 Day Limit
 |
HMRC have issued
further guidance to businesses on the reduction
in the standard rate of VAT from 1 December 2008.
The guidance clarifies certain issues regarding
the ‘tax point’ rules for the date
of supply.
Click
here to view full article... |
|
|
Double Up on Your Duty Free
Travellers can now
bring back more than double the amount of gifts
and souvenirs from outside the EU without paying
UK duty. The changes are as a result of a proposal
that Gordon Brown made to the European Commission
in 2004. The government has announced an increase
to the allowance for what are known as 'other
goods', which includes souvenirs, clothing, electrical
goods and perfume.
Click
here to view full article... |
|
|
|
Capital Allowances on Cars
 |
HMRC have issued
some draft legislation and guidance on how the
tax relief on business cars, known as capital
allowances, will be calculated from April 2009.
Click
here to view full article... |
|
|
|
Chandlers Ford Office: a |
CW Fellowes, Templars House, Lulworth Close, Chandlers Ford, Hampshire,
SO53 3TL.
t | +44 (0) 23 8024 7070 f |
+44 (0) 23 8024 7071
Fareham Office: a |
DHB Fellowes, Carnac Place, Carnac Court, Cams Hall Estate, Fareham,
Hampshire, PO16 8UY.
t | +44 (0) 1329 220554 f |
+44 (0) 1329 225266
e | advice@cwfellowes.com w | www.cwfellowes.com
We also trade as DHB Fellowes.
Registered in England and Wales No: 6491259.
Registered to carry on audit work and regulated for a range of
investment business activities by the Institute of
Chartered Accountants in England and Wales. |
