The former Chancellor of the Exchequer, Alistair Darling, set the agenda to encourage businesses to own and use cars emitting a lower amount of CO2 by linking the writing down allowance on hire purchase cars and the amount of disallowance on lease car charges to the CO2 rating of the vehicle.
Capital Allowances
Significant changes to thecapital allowance treatment for cars were introduced (more…)
If there is one thing we have all learnt from events of the last two years it is that change happens – often without warning, and sometimes with catastrophic consequences.
We have also seen how many businesses were blindsided by events for which they were to a greater or lesser extent unprepared. True, there is little an individual business can do about events such as those that brought about the credit squeeze and subsequent downturn, but we could perhaps have been more prepared for such eventualities. (more…)
Each year, the government introduces regulatory changes affecting businesses on two common commencement dates. These dates are 6 April and 1 October. There are a number of changes due to come into force on 6 April 2010. Some of the changes tie in with the financial year and so take effect from 1 April. Where that is the case, the earlier enforcement date is indicated. What follows is a summary, but not an exhaustive list, of the more important new rules with which businesses will need to comply. (more…)
Pension savers who wish to use their retirement pots sooner rather than later will need to act quickly if they are not to be faced with a five-year wait.
This is because the age at which people can draw on their personal retirement funds rises as of 6 April from 50 to 55. (more…)
UK Businesses need to be aware that significant changes to the way that UK VAT returns are filed and payments are made will be coming into effect very soon.
As from 1 April 2010, businesses that have an annual turnover exclusive of UK VAT of over £100,000 and businesses that register for UK VAT on or after 1 April will need to submit their VAT returns and make any due payments electronically. (more…)
