Tax News - April Newsletter 2009

As April 5th nears to end another tax year, we look at what 2009 will hold for small business owners.

Chancellor Alistair Darling will make his second budget address on April 22nd 2009 and has chosen to delay the report until after the G20 summit.

We have also featured an article below on what small businesses can expect to face with HMRC receiving new powers to investigate those it feels are not paying the correct levels of tax.

HMRC unveils 'streamlining' measures for business 
HM Revenue and Customs (HMRC) has unveiled a string of new initiatives designed to streamline how businesses and agents work with the government... read more

Death of cash exaggerated, say retailers 
Retailers have dismissed the supposed death of cash as being "greatly exaggerated", claiming its remains the most effective payment for small firms... read more

Small firms urged to file online and receive £75 
Small businesses have been encouraged to file their Employer Annual Return online and receive £75 from HM Revenue and Customs (HMRC)... read more

Business start-ups rising despite recession 
New business start-ups flourished in 2008 despite the recessionary climate, new statistics have revealed... read more

 

Small Businesses and their accountants have been warned to ensure they are in compliance with the upcoming changes to HM Revenue and Customs' (HMRC) tax checks framework.

As of April 1st 2009, the department has one all-encompassing tool kit of safeguards and powers which includes VAT, income taxation, PAYE, corporation tax, capital gains taxation and the Construction Industry Scheme.....  read more