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HMRC have powers to request information that underpin your claim for tax credits. If you fail to comply with their request you may find your tax credit payments will be suspended. As there are no clear statutory rules about the type of records you should keep or how long they should be kept, It is likely . . . → Read More: Tax Credits – Request for Information 31 July 2010 is an important deadline in the self assessment calendar and also the renewal deadline for tax credits. Below are a list of items that need to be completed by this date. 2008/09 Self Assessment Tax Return Outstanding returns for 2008/09 should be submitted or incur a £100 penalty. No penalty will . . . → Read More: The 31st July Deadline Following George Osbornes emergency budget today, 22 June 2010, below are a list of changes that will take affect in the future. Tax Changes The standard rate of VAT will rise from 17.5% to 20% from 4 January 2011. The Personal allowance for under 65’s will rise from £6,475 to £7,475 for the 2011-12 . . . → Read More: Budget June 2010 – How the budget will affect you. |
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