Dormant companies and corporation tax – your reporting duties are changing
The way in which dormant companies plan on becoming active – and therefore liable to pay corporation tax – is changing under new rules by HMRC.
The way in which dormant companies plan on becoming active – and therefore liable to pay corporation tax – is changing under new rules by HMRC.
The Low Pay Commission – the independent advisory body to the Government – reviews the national minimum wage according to inflation on an annual basis. The rates that come into force from 1 October 2012 are:
HMRC has launched a range of new taskforces to tackle specific sectors which may not be paying the right amount of tax, including the legal profession, grocers and beauty salons.
New advisory mileage rates applicable from 1 September 2012 have been published by HMRC.
A summary of the main developments in EU tax law since 1 January 2011 has been published by The Chartered Institute of Taxation (CIOT).
Charities and sports clubs will be able to claim top-up payments – similar to Gift Aid payments – on small donations, following changes in a Bill currently going through Parliament.