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November 2010 Newswire

Welcome to our monthly newswire...

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

We operate a responsible email policy at CW Fellowes, so if you do not wish to receive further copies of this newswire, click here to unsubscribe.

Key Dates

19 November 2010 - PAYE and NIC due for the month ended 5th November 2010. Submit Construction Industry Scheme return for the month ended 5th November 2010.

19 December 2010 - PAYE and NIC due for the month ended 5th December 2010. Submit Construction Industry Scheme return for the month ended 5th December 2010.

14 January 2011 - Deadline for submission of forms CT61 and payment of any associated income tax for the quarter ended 31st December 2010.

Entrepreneurs Relief - Does Your Business Qualify?

A combination of recent increases in capital gains tax rates and an increase in the limit on gains qualifying for Entrepreneurs Relief ('ER') from £1m to £5m makes ER worth up to £900,000 in reduced capital gains tax on sale of a business!

It is more important than ever that business owners ensure their business will qualify for ER on sale. 

The qualification rules for ER are not straight forward and so it could prove to be extremely expensive to just assume that you and your business will qualify for this relief.

Our team at CW Fellowes have extensive experience in advising owner managers about structuring their businesses to qualify for tax reliefs such as ER and minimise exposure to taxation for both the business and owner.

If you would like to know more please call either Richard Green-Wilkinson on 023 8024 7070 or Matthew Harrison on 01329 220554.

Spending Review Offers Help To Business

Chancellor George Osborne unveiled his Spending Review on 20 October, setting out £81 billion in cuts over the next four years.

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New Enterprise Allowance Boost For Start-Up Firms

People who have been unemployed for six months and want to start their own business will be offered access to business mentoring and financial support of up to £2,000.

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State Pension Age To Rise To 66 By 2020

Chancellor George Osborne has announced a faster than expected rise in the state pension age as part of his October Spending Review.

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Business Quangos Bite Dust

Regional Development Agencies are among the business-related quangos that face the axe or other changes in a government shake-up.

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All Change On National Insurance Cards

HM Revenue & Customs (HMRC) has announced a change on replacement national insurance cards, ahead of a phasing out of the traditional plastic card.

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Comments Sought On Competition Law Compliance Guidance

The Office of Fair Trading (OFT) is consulting on two guidance documents designed to help businesses and company directors comply with competition law.

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Track Down Your Missing Pension, Says Minister

People who have lost touch with workplace pension schemes from previous employers, as well as personal schemes, are being urged to track them down to ensure they receive all of their entitlements in retirement.

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HMRC Shakes Up Contact Centre Opening Hours

From 29 November 2010, HM Revenue & Customs (HMRC) contact centres will reorganise their opening times to allow more staff to answer calls during the busy periods.

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t | +44 (0) 23 8024 7070 f | +44 (0) 23 8024 7071 e | chandlersford@cwfellowes.com

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