Yearly Archives: 2012

For anyone who exports their goods to other EU countries it is vital that you ensure your customer has a valid VAT number, if you don't want an unexpected bill from HMRC. You can verify the validity of a VAT number issued by any EU Member State by using this link, we hope you find it useful. https://ec.europa.eu/taxation_customs/vies/vieshome.do?selectedLanguage=EN 

Following the launch of the patent box, HMRC have published a guide advising UK companies about how they can pay less tax on profits generated from their patented inventions. From April 2013, any profits from inventions that are protected by a UK patent will be taxable at a significantly lower rate of corporation tax. The relief will be phased in Continue Reading

The clawing back of child benefit in situations where one partner has an income of over £50,000 (in the current tax year) starts on 7 January 2013. Until then, there are plenty of scare stories doing the rounds; what is clear is that the system is likely to be an administrative nightmare if you find yourself caught in this trap. Continue Reading

Pensions Auto Enrolment Starts for the Biggest Employers The 1st October 2012 sees the start of the implementation of changes to the Pensions Act 2008 and 2011, which requires all employers to automatically enrol eligible employees into a workplace pension scheme and to make contributions into that scheme. At 1st October 2012 it is extremely unlikely that you will be Continue Reading