Rowley's Chartered Accountants Leicester

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.

HMRC announce that dentists have been added to the list of those eligible for the THP announced on 11 January 2010. The THP offers an opportunity for medical professionals with undisclosed tax liabilities to come forward and settle their affairs.

The amnesty, which enabled taxpayers to disclose the fact that they held previously undisclosed off shore accounts to HMRC has now closed. Under the amnesty any fines were limited to 10% of the unpaid tax.

Gordon Brown had revised his proposal to withdraw the income tax and NI exemption on employer provided childcare vouchers.

The Chancellor of the Exchequer has delivered his third Pre Budget Report, against a background of a record level of borrowing which needs to be repaid by cutting costs and raising taxation whilst the country is still in a recession.

The Rowleys Budget Report available to download now - click here

Available to view online now - click here

HMRC have announced some details of the New Disclosure Opportunity (NDO) which is due to take place this autumn. In order to encourage taxpayers to disclose an undeclared offshore account the penalty level has been set at 10%.