Corporation Tax

Companies with a 31 December year end will have to pay corporation tax, which is usually calculated at  20% of an adjusted profit, on 30 September 2013. Careful planning and expert advice can help save some of that tax. If your company profits are over £50,000, call us for a free non-obligation consultation.
Written by Philip Woolfson Philip is a Senior Partner of  Tuchban… Continue Reading

Self Assessment

Summer is over and we are now entering what is commonly known as the Tax Season. New and much tougher penalties are now in force for late filing of tax returns. The online filing deadline is 31 January. We believe that the average  business person is not able to file their own tax return because of the complexity of the tax system.  Added to that is the time involved in completing the for… Continue Reading

VAT registration

Businesses have to register for VAT as soon as  the turnover exceeds £77,000. A common misconception is that this is measured by reference to the annual accounts. However, it is actually measured on a rolling 12 month period. Once the registration is level has been exceeded, registration has to be done withing 30 days thereafter. HMRC will then register from the first day of the ne… Continue Reading

US Citizens in the UK

A conditional bilateral agreement between the US and UK tax authorities has recently been signed. Under the agreement (which has still to receive parliamentary approval) banks will pass information on US account holders to HMRC who will then notify the IRS. This is just a further measure brought about by the IRS to capture information on US citizens living abroad who are required… Continue Reading