================================================================ Companies House Annual return reminder - Urgent Action required. Dated 24 June 2012 Company Name xxxxx Ltd Company number XXXXXXX Your annual return is due for filing. It should be made up to 28 June 2012 and must be delivered to Companies House no later than 26 Jul 2012. Please note that you cannot file the annual return before the made up date unless ...read more
Howlader & Co Blog
In the interests of being topical we talk about fiduciary duty today. What is it? The most synonymous word is trust. With respect to any company, the directors have a fiduciary duty towards it. They are supposed to act in its best interests - in fact, to act in its best interests is a legal duty! We are not picking on ...read more
As an expanding practice, we have needed a graduate trainee for a while now – hungry, capable and durable! We therefore advertised a single vacancy on the ICAEW website. How many CV’s did we receive? 25? 100? Much higher as it turns out. A staggering 252 CVs with cover letters – mostly through email but a handful through the old-fashioned postal ...read more
- New threshold is £77k - Hot food if meant for consumption whilst hot (as opposed to kept hot for hygiene reasons or as part of preparation) was always standard rated. Now it is standard rated whatever the reason (apart from fresh loaves of bread) This is huge news for take-aways. This is probably as a result of the failed ...read more
These are becoming yet more expensive. From Apr 2015, the multiplier rises from (the current maximum of) 35% to 37% The following year, Diesel cars will no longer be more expensive than petrol. Low carbon cars (<95g/km) are currently not chargeable! This ends from Apr 2015. Where it will start at 13% of the price, increasing to 15% the following year. ...read more
EMI’s allow employers to reward their best employees selectively (unlike approved share schemes which need to be offered to everyone). The limit of the value of underlying shares subject to EMI options has risen from £120k to £250k – and will now automatically carry Entrepreneurs relief (10%) on. Capital gains rather than the normal 28% rate. This is an ...read more
These will attract a 30% tax credit for individuals and 20% for companies. A panel of experts will decide the “pre-eminence”. The tax credit may be spread over 5 years if it suits the taxpayer This is largely to encourage promotion of British heritage and making suitable items of art etc. available for display.
With immediate effect SDLT rate of 7% will apply to residential property at over £2m A penalty rate of 15% will apply to residential property purchased by a “non-natural” person (e.g. company) after this limit. This is (one could argue) a fluffy version of the proposed the “mansion tax”. The overseas company loophole on stamp duty has been closed.
The £30k charge rises to £50k if they are claiming the remittance basis and have lived in the UK for 12 or more of the last 14 years. This is effectively the “rent” for living in the UK if you are not paying tax on your worldwide earnings.
In a couple, the partner earning more than £50k will suffer a new tax from January 2013 – 1% of the benefit for every £100 over 50k. This obviously becomes 100% once earnings are 60k. Clearly it isn’t compulsory to pay this tax if benefit isn’t claimed. The welfare system is being overhauled and this is of no surprise to ...read more