Monthly Archives: June 2013

Next week the world’s richest nations will be meeting in Northern Ireland and are expected to consider ways that they can address the present exploitation of international tax law, especially by larger, corporate groups, who seek to move profits to lower tax jurisdictions in order to minimise their group tax liability. The economic costs are significant. As Google and Amazon Continue Reading

Our Government believes that it can recover £300m within two years by redefining the tax status of certain partners as “salaried”. At present all individual members (partners) of Limited Liability Partnerships (LLPs) are taxed as self employed. Accordingly, any regular withdrawals they make from the partnership can be treated as a share of profits rather than a salary and taxed Continue Reading

1 June 2013 - Due date for Corporation Tax due for the year ended 31 August 2012. 19 June 2013 - PAYE and NIC deductions due for month ended 5 June 2013. (If you pay your tax electronically the due date is 22 June 2013.) 19 June 2013 - Filing deadline for the CIS300 monthly return for the month ended Continue Reading

The British Retail Consortium is setting up a working group to look at the burden of taxation now suffered by the High Street retail sector in the UK. They are concerned that online retailers have an unfair advantage as they pay less business rates and employ fewer staff than their High Street competitors. Recent research has revealed that High Street Continue Reading