National Insurance
All self employed persons pay a class 2 national insurance stamp. In the past this has usually been collected by a monthly direct debit or in some cases.
Chancellor’s Autumn Statement 2014 – Some of the major tax highlights
The Chancellor announced that there would be a further increase in the personal allowance for individuals for 2015/16, raising the level to £10600.
SORP (FRSSE) compared to SORP (FRS 102)
The Following is not intended to be an exhaustive list of the differences between the charity SORPs, but it should help trustees and their advisers.
VAT Mini One Stop Shop (Moss)
Some good news. HM Revenue & Customs have announced that those businesses who supply B2C digital services but below the UK threshold
Social investment tax relief
Social Enterprise Tax Relief is a new form of tax relief which was introduced on 6 April 2014 which will allow individuals to invest in Social Enterprise projects.
New Charities Sorp – Statement of recommended practice
For some years with minor variations, Charity accounting has been governed by the Statement of Recommended Practice (SORP) for Charities, March 2005.
Gift Aid And Charities Online
This is the normal option HMRC will expect charities to adopt. A claim is to have up to 1,000 Gift Aid donors, but there is no limit to the number of claims .
Pension Changes
I am sure the amount of publicity you have seen in the national press over recent months will highlight you to the major changes in pension legislation with effect from 6th April 2015.