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01/05/2011 |
May Tax Tips & News
Welcome to the Boyett Mayes Limited Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.
If you need further assistance just let us know or send us a question for our Question and Answer Section.
We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.
Please contact us for advice on your own specific circumstances. We’re here to help!
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| Higher Penalties for Late Returns |
| Your personal self-assessment tax return for the tax year to 5 April 2011 must be submitted to HMRC by 31 January 2012, or by 31 October 2011 if it is submitted in paper form. These deadlines also apply to your separate partnership tax return where you ar Read More... |
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| Tax Efficient Cars |
| There are quite a few types of car which have CO2 emissions of no more than 110g/km; including certain models of the Mini Cooper, Toyota Prius, Smart, and Fiat 500. If your company buys one of these low emissions cars new (not second hand), it can claim a Read More... |
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| Capital Allowances for Holiday Lets |
| Do you own a property that qualifies as a furnished holiday let (FHL)? To qualify the property has to be commercially let for short periods for at least 70 days per year, although this minimum will increase to 105 days from April 2012. There are also some Read More... |
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| Paying PAYE on Time |
| HMRC are encouraging businesses to pay all their taxes electronically. Only large employers with 250 or more employees, are currently required to pay PAYE and other payroll deductions to HMRC by electronic means, but this may become compulsory for all emp Read More... |
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| May Question and Answer Section |
| Q. My business is to become VAT registered from 1 June 2011, but before that I will be taking delivery of a piece of equipment which will be used by the business for a number of years. Can I reclaim the VAT charged on the cost of the equipment even though Read More... |
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| About Us |
Boyett Mayes Limited Accountants are based in Hampshire, offering local business owners and individuals a wide range of services.
All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website www.bml-accountants.co.uk for more information.
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Copyright © 2024 Boyett Mayes Limited. All rights reserved.
The Stables, Moneys Farm
Bottle Lane, Mattingley
Hook, Hampshire, RG27 8LJ
Boyett Mayes Limited is a trading name of Boyett Mayes Limited
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