News and Downloads
Tax and Business Updates
- The main, or "emergency" Budget for 2010 was delivered on 22 June. Please see our detailed guide or summary.
- New research by our office and first published in the leading tax journal Taxation on 21 April 2010 shows hidden financial benefits of incorporation. Our analysis indicates that in addition to the usual current savings achieved through a typically tax efficient mix of remuneration from a company, it can for each year's salary deliver over a retirement lifetime additional State Second Pension benefits of around £1,100 to £2,400 as compared to being self employed. The article is reproduced here.
- The Labour Budget of 2010 was delivered on 24 March. Please see our summary or detailed guide. Budget No 2 will be delivered on 22 June.
- Our Tax Planning Points guide is still available, and is not just relevant at the end of the tax year
- Our Tax Update Autumn 2009 includes articles on borrowing from your company (when it does and doesn't work), the 50% tax rate for trustees, and VAT update.
- York is below the national average for earned income and income tax paid, according to our analysis of recently published HMRC data. See here for York, Selby and the East Riding.
- The Recession - we are advising our clients on strategies to ease their cash flow and minimise risk. Please see our Top Ten Tips , our ideas sheet, , or our new Protecting Your Business guide.
- Research and Development Tax Credits
- View news articles from UHY Hacker Young
- Publications from UHY Hacker Young
VAT
There are a number of changes taking place in 2010. The Pre-Budget Report last December confirmed that VAT will revert to 17.5% from 1 January 2010. Please see our PBR summary for the implications, or HMRC's detailed guide.
For VAT clients trading in the EU you may also wish to see our updates regarding new EU VAT rules from January 2010 and changes to cross-border EU invoicing rules from January 2010.
For businesses with net turnover of £100,000 or more, on-line filing of VAT returns is mandatory for periods after 1 April 2010, and for new registrations after that date. Please contact us for further information.
Resources
- Spreadsheet for rental income and expenditure (opens in Excel)
- Spreadsheet for business mileage records (opens in Excel)
Archive
- Pre-Budget Report 2009 - please see our summary, or our brochure with full details.
- The Tax Update Summer 2009 includes HMRC penalties and enquiry notices, holiday home lettings, inter-company debts, and VAT round-up.
- View our summary of the 2009 Budget headlines, our see our full briefing. Our tax card has the new tax rates.
- Tax Update Winter 2008 - including credit crunch, tax free employee expenses, investment tax breaks
- Pre-Budget Report November 2008 - VAT, business and personal tax changes. See our summary or full report.
- Tax Update Summer 2008 - New HMRC penalties, salary sacrifice, cars, Entrepreneurs' Relief
- March 2008 Budget Report (pdf)
- Pre Budget Report 2007 (pdf)
- Tax Update Winter 2007
- Summer 2007 Newsletter (pdf) - new Companies Act, tenancy deposit scheme
- Spring 2007 Tax Update (pdf)
- Spring 2007 Vat Update (pdf)
- March 2007 Budget report (pdf)
- Winter 2006 Tax Update (pdf)
- Pre Budget Report 2006 (pdf)
- Autumn 2006 Tax Update (pdf)
- Summer 2006 Newsletter (pdf)
Some of the articles are in pdf format, you can download Adobe Reader here
