May 2009

Could you claim working tax credits?

28th May 2009
Working tax credits top up the earnings of working people on low incomes. This applies to both employees and those who are self employed (measured by their profits). It also doesn't matter if you don't have children. A single person can claim even with earnings of £13,000 per annum, for a couple... Read More

If you earn less than £58,000 per annum you could receive child tax credits

28th May 2009
Child tax credits top up the income of families who have children under 16 (or under 20 in full time education or on an approved training program) and whose combined earnings are less than £58,000 per annum (or £66,000 if there is a child under 1 year old). You can claim whether... Read More

Worried about missing a tax deadline?

19th May 2009
We all lead busy lives and sometimes things can creap up on us by surprise. If you're worried about missing a tax deadline and a prompt is not generally provided by your accountant, business link has a service which can create your own calendar and the ability to sign up for an email reminder service.... Read More

Launch of car srappage scheme

18th May 2009
The government's car scrappage scheme, announced in the budget goes live on 18th May 2009. Owners of cars and light vans registered before 31st August 1999, who have owned the car for at least a year, will be able to scrap the vehicle and receive £2000 towards a new car or van ordered from a participating... Read More

Tax break for disabled company car drivers

11th May 2009
HM Revenue and Customs has announced a change in the tax treatment of disabled company car drivers (holding a blue badge). Historically, they were taxed on the basis of the list price of the car plus any accessories. Many disabled drivers required automatic gear box which in most cases was... Read More

Corporation Tax goes electronic

7th May 2009
The government has announced draft legislation which will require all Corporation Tax returns to be filed electronically and all payments of Corporation Tax to also be made electronically. Businesses who's year end falls after 31st March next year will be required to file online and any tax owing will... Read More