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Howlader & Co Blog

Our budget views in blue: Income tax

22nd March 2012

Highest rate reduction to 45% (from 50%) from Apr 2013 for incomes over £150k. Highest dividend rate reduction to 37.5%   The 50% income tax rate was somewhat punitive and the amount of tax raised debateable so we welcome the slight reduction. The thinking is that more will be raised this way (higher declaration). However, […]

Tax and accounting treatment of Iphone/Ipad/Android apps

17th January 2012

This is a burgeoning industry and many developers are confused about the tax aspects. Broadly, the tax treatment follows that of websites and treatment of software development costs. The difference is that, here, there is a clear economic benefit and intention of direct sales. Thus aside from the planning stage we should be looking to […]

Rude letters from the PAYE debt collector?

24th July 2011

We have been receiving a number of complaints from clients and associates about a letter which says something along the lines of “we have tried contacting you about an underpayment but you have failed to co-operate. We will take steps to recover the monies from you”. OR “we wrote to you recently and asked you […]