Category Archives: Tax

Enterprise Investment Scheme (EIS) & Venture Capital Trust (VCT’s)

Enterprise Investment Scheme (EIS) & Venture Capital Trust (VCT’s)

Changes: The rate of income tax relief will rise to 30% from 20% from April 2011 and 2012 Any individual can now invest £1m per annum under the EIS double

Research & Development Tax Deduction

Research & Development Tax Deduction

As of 1st April 2011 Research & Development tax deduction for SME’s rose from 175% – 200% this is also promised to rise again from 1st April 2012 to 225%.

Employers NIC Holiday

Employers NIC Holiday

The employer’s NIC holiday scheme that was announced in the budget in June 2010, commenced this week (on 6 September). The scheme can save employers up to GBP50,000 of

The cost of getting it wrong

The cost of getting it wrong

Recently we were contacted by a charity that had a contract to deliver advice services. They had approached us for guidance on the VAT position of this income, and we

PAYE penalties

PAYE penalties

HMRC have issued the first batch of penalty notices to organisations for missed PAYE and NIC payments. The actual penalties will be calculated and issued after the end of the