About: Dev19

The Budget 2013 included a stated intention that HMRC would be enabled to take a fresh look at the possible manipulation of profit and loss allocations from partnerships to secure a tax advantage. HMRC has since published a formal consultation on anti-avoidance legislation for LLPs. The effective date for proposed legislative changes is April 2014. HMRC are particularly concerned that Continue Reading

Employers please note that the National Minimum Wage rates are increasing from 1 October 2013. They will be: Apprentice rates: £2.68 per hour. * But see note below. Under 18s: £3.72 per hour. 18 to 20 years: £5.03 per hour. Age 21 years and over: £6.31 per hour. *This is the rate for apprentices under 19 years old or in Continue Reading

At the conclusion of the recent G8 summit at Lough Erne, a form of consensus was achieved in order to tackle the thorny issue of tax transparency: who is accountable for what and where! Their full declaration is set out below, the aim, to improve tax transparency and to bring the international tax system into the modern age. The G8 Continue Reading

HMRC have a recurring issue with individuals that have changes to their employment circumstances. Due to the “instantaneous” impact of PAYE, tax is deducted when you are paid, then if HMRC are unable to determine what allowances should be set-off against each employment, then under or over payments of tax may occur. In the general run of things tax payers Continue Reading