Bottomline
Spring 2012
It's 7:51pm on Wednesday 22nd February, 2012
Controlled Foreign Companies full reform
On 6 December 2011, the Government published draft clauses for legislation to be included in Finance Bill 2012, and other tax updates. The draft clauses will be open to consultation until 10 February 2012. This included the issue of draft clauses for the full reform of the ‘Controlled Foreign Companies’ rules. The UK has Controlled [...]
Posted by
Tony Medcalf
in
Advice for Businesses, Tax
On February 1 2012
VAT and property – Opt to tax explained
If you have an interest in property, whether freehold or leasehold, and use it for your own business purposes and do not rent it to others, it is generally unlikely that you will need to consider opting to tax the property. However, if you wish to generate additional income from the property, or dispose of [...]
Posted by
Tony Medcalf
in
Advice for Businesses, Tax
On January 26 2012
Making mileage of your employees’ travel
Are your employees’ business travel arrangements as cost-effective and tax-effective as they might be?
Posted by
Tony Medcalf
in
Advice for Businesses, Tax
On January 24 2012
Ignore the macro-economics, focus on your product
The recent much publicised problems in the Eurozone are likely to persist. The political difficulties in persuading the Germans to print money will ensure that the current uncertainties will not be resolved in the short term. The likely result of this is a prolonged period of uncertainty in the Eurozone which will likely tip the [...]
Posted by
Tony Medcalf
in
Advice for Businesses
On December 20 2011
Five simple ways to save personal tax
1. Make the most of your pension Using a pension to save for retirement also enables you to save on tax because pension contributions qualify for tax relief. Basic rate taxpayers receive tax relief at a rate of 20 per cent; higher rate taxpayers, 40 per cent; and additional rate taxpayers, 50 per cent. 2. [...]
Posted by
Tony Medcalf
in
Advice for Businesses, Tax
On October 28 2011
