| Changes
to Business Stationery Rules |
As from 1st January 2007
the following applies to –
Business Stationery
Whether in hard copy, electronic or
any other form:
A company must state its name, in legible
lettering, on the following
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| Share
Gifts |
Many people's investment portfolios
contain very small shareholdings, often
arising as the residue on a take-over
or bonus issues. They may only pay a
few pence of dividends and the dealing
costs barely make it worthwhile to sell.
Individually these shareholdings can
be more trouble than they are worth,
but collectively they can be put to good
use.
Sharegift is an organisation that provides
a mechanism for giving unwanted shares
to charity. Their website at www.sharegift.org
explains how it is done. If you do decide
to make any charitable gifts of shares
don't forget to tell us when we process
your tax return next year - because as
a bonus you can get tax relief on the
gifts of most stocks and shares to charity.
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| Construction
Industry Scheme |
In last month’s enews
we reported that HMRC had launched their
press campaign on the introduction of
the new Construction Industry Scheme
(CIS) which will be introduced on 6 April
2007. In the Pre-Budget Report the government
made two announcements regarding CIS
tax rates.
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| Managed
Service Companies Attacked |
In 2000 the government
introduced rules to tackle the provision
of services through Personal Service
Companies (PSCs). These rules have been
referred to by the name of the press
release of that time, IR35.
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| Air
Passenger Duty |
For those of you planning
to fly off in the New Year you should
be aware that Air Passenger Duty (APD)
rates will be increased from 1 February
2007.
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full article
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| Date
for Arctic Systems Hearing Announced |
At last, it has been announced
that the Arctic Systems case will be
heard in the House of Lords from 5 to
7 June 2007. The case, and the subsequent
uncertainty, has now been running for
more than two years and it is to be hoped
that some sort of finality to this issue
can be obtained before the end of 2007.
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full article
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| HMRC
Email Scam |
HMRC have issued a warning
to taxpayers about an email scam which
is a ‘phishing exercise’ that
uses bogus emails and websites to trick
people into supplying confidential or
personal information.
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full article
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| Employer
Late Filing Penalties for 2005/06 |
The EC has finally agreed
the UK’s proposal to align the
output VAT charge with the benefit in
kind charge on the provision of private
fuel assessable on the individual. The
proposals and legislation were announced
in the 2005 Budget and will be implemented
from May 2007.
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full report
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| Major
VAT Fraud Operation |
HMRC criminal investigators
have arrested 13 people following dawn
raids across Europe in an operation targeting
multi-million pound VAT fraud. The international
operation saw over 300 HMRC criminal
investigators deployed across four countries;
France, Spain, Germany and the UK. Five
people were arrested in the London area,
two in Glasgow, three in the Midlands
and three in Cheshire.
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full article
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| Health
and Safety |
According to a report
published by the Health and Safety Executive
(HSE) an estimated 5,000 lives have been
saved in the workplace since the introduction
of the Health and Safety at Work Act
1974.
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full article
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