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News Stories from the World
News Stories from TaylorDavis
6 March 2010
 We are undertaking a bit of a make-over of the
website, adding photographs of the team, profiles and more
details. More to follow. Click here to
see the profiles and team photographs
26 January 2009
The HMRC have announced changes to interest
rates applied to tax refunds and late tax.
Interest on refunds of overpaid tax or on tax
paid early will now be at 0%. The rate for late
corporation tax will be 2.5% and the rate for income tax, VAT
and most other taxes will be 3.5%
August 2009
 Judy
recently presented to the local AAT organisation in the Willis
Faber building in Ipswich.
20 January 2009
The HMRC announced on the 15 January 2009 that
it now accepts payment of tax by credit card.
If you are having difficulties paying your
tax, the HMRC's Business Payment Support Scheme might help.
Through this you may be able to set up alternative agreed
payment arrangements. The phone number is 0845 302 1435
12 January 2009
The deadline for filing Self Assessment
returns is 31 January 2009.
The HMRC have issued a warning about recent
tax scams. There is a self assessment tax scam being circulated
involving emails and phone calls purporting to be from HMRC and
asking for bank or credit card details for a tax refund. HMRC
would not inform customers of a tax rebate via email.
26 November 2008
Pre
Budget
Report 2008The Pre Budget
statement was announced on Monday 24 November. All the
predictions on which the March 2008 budget was based have
been revised and some important tax changes have been
announced.
- VAT standard rate is reduced to 15%
from 1 December 2008 until 31 December 2009. Please call
us for advice in charging your calculations.
- The flat rate percentages for VAT are
being changed to fit the new 15% rate.
- Zero and reduced (5%) rates of VAT
are not changing - that means no change to most food,
transport and domestic gas and electricity.
- Corporation Tax for small companies
was due to rise to 22% next April; this has been
postponed for a year.
- Legislation on 'income shifting'
already delayed from April 2008 has been deferred again,
but will be "kept under review".
- There will be extra personal
allowances from April 2009 but more income will be
subjected to National Insurance.
- Businesses making losses in 2008-09
will be able to get more generous relief - a reversal of
one of Gordon Brown's earlier changes; but it's only a
one year change.
- To pay for the immediate cuts
substantial tax rises have already been announced for
2011 (after the next general election) and the
Government forecasts are that the nation's finances
won't be back in balance until 2015.
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