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Research and Development Tax Credit Scheme |
To learn more about whether you can reclaim tax credits as a result of your investment in Research and Development please check out our online presentation and guide.. |
Intrastat thresholds |
HMRC have announced significant changes to the Intrastat thresholds. Intrastat is used to report the movement of goods within the EU over certain thresholds. Those traders with an annual intra-EU trade in goods exceeding the exemption thresholds are required to provide monthly statistical returns (Intrastat Supplementary declarations). |
VAT and new year's eve traders |
If you are going to be out celebrating on New Year's Eve or indeed if your business will be operating over midnight, you will be glad to hear that the government has announced a relaxation of the VAT rules. |
Parties for employees |
Are you planning a party for your employees? The good news is that, unlike entertaining customers, the costs of entertaining employees are generally allowable against the profits of the business. |
Swine flu and SSP |
Under existing rules for Statutory Sick Pay (SSP) employees can self-certify for the first seven days of their illness and employers cannot ask for medical evidence during this period. There has been no change to this requirement. |
Online filing of VAT returns |
HMRC are reminding businesses that new rules on how VAT returns are submitted and payments are made will come into force next year. Paper VAT returns will be phased out from 1 April 2010. |
First aid at work |
The Health and Safety Executive are reminding businesses that the guidance for first aid at work changed from 1 October 2009. |
Business rates bills |
The government has confirmed that 60% of business rates will fall next year as a result of revaluation and that it will not collect a penny more of extra revenue as a result of the 2010 revaluation, which is carried out every five years. However, rates bills for some businesses will rise significantly. |
