Summer Holiday Duty Free
Fri, 27 Aug 2010 07:21:00
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As of this year, travellers are permitted to bring back VAT and duty free goods to the value of £390. This is a modest increase on the £340 limit in place but is a significant increase from the £145 limit that prevailed for many years prior to December 2008. The new £390 limit applies to any travellers to countries outside the EU, such as the US, Japan and Australia, who wish to bring items, such as electronic goods, perfume, clothes and souvenirs back into the UK. For any help and advice regarding taxation, tax planning or general accounting advice please contact us.  |
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06 February 2012 01:40
HMRC will be sending out PAYE coding notices during the months of January, February or March. The new tax code applies from 6th April 2012 to ensure you pay the correct amount of tax. Not everyone will get a notice so don’t panic if you don’t receive
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18 January 2012 10:42
Over the last few years, the buy-to-let market has grown substantially and with it, many landlords have been able to profit from the ever-increasing rental income and record low interest rates. However, landlords are often tempted to file their own tax returns to cut down on costs. The
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09 January 2012 03:51
Despite being widely criticised for unfairly targeting 12,000 smaller businesses HMRChave announced that they will continue with their controversial business records checks.Whilst HMRC initially emphasised the educational aspect of their business records checksthe reality is that they are compliance checks that can result in the collection of
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06 January 2012 09:24
HMRC has announced that electricians will be the next group targeted as part of its crackdown on tax evasion.The Electrician''s Tax Safe Plan will be launched in February 2012 and will offer favourable termsfor electricians to come forward and declare their unpaid tax.Following this, HM Revenue
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