Rowley's Chartered Accountants Leicester

The Chancellor has delivered his last Budget before the General Election. In a political speech, The Chancellor stated that his Budget was a Budget of choices.

The new tax rates documentation is now available to read online - click here

HMRC has announced that they will launch a new method of paying tax liabilities, known as Managed Payment Plans, in April 2011.

Are you concerned about funding your own or a relative's, current or future, long term care?

From 1 April 2010 all cheque payments by post will be treated as being received by HM Revenue & Customs (HMRC) on the date when cleared funds reach HMRC's bank account.

New interest charges are to be introduced from 6 April 2010 for in-year payments of PAYE and NIC not paid on time and in full.

All year end return forms P35, P60 and P38As for 2009/10 must be filed online by 19 May 2010, to avoid penalties, regardless of the number of employees.

Beware also of the latest email which purports to be from HMRC and is sent from the address "HMRC Online services – test@test.com"

For all VAT quarters beginning on or after 1 April 2010, all registered businesses with an annual VAT-exclusive turnover of £100,000 or more and all newly-registered businesses must file their returns online and pay any VAT due electronically.

When a company car is made available to an employee, a benefit in kind arises. There is an additional benefit in kind if the company also pays for any private fuel.