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
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CHILD BENEFIT SCARES
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
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PENSIONS AUTO ENROLMENT BEGINS BUT NOT FOR OUR CLIENTS
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
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McCLEARY TAX APP LAUNCHED
Our new tax app was launched on Tuesday 25th September at our successful 'Profit Extraction from Limited Companies' seminar. Using the latest technology, our App has been developed to provide you with useful tax tools and information via your mobile device. Available for iOS and Android mobile phones and devices it features: • Tax tips - a section on practical Continue Reading
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