VAT Refund Opportunity for Golf Clubs
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Insight
Welcome to our regular
e-newsletter, 'Insight', highlighting current issues that could be affecting you and/or your business, as well as technical updates to recent changes in tax legislation. |
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For further information on any of these topics please get in touch with your usual contact at Henderson Loggie.
If you're not currently one of our clients and would like further information please contact our enquiries team. |
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VAT Refund Opportunity for Golf Clubs
Following a recent First Tier Tax Tribunal ruling, an opportunity has arisen for Golf Clubs to reclaim output VAT declared on visitors’ fees.
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Regional Employer NIC Holiday for New Businesses
This scheme announced in the June 2010 Budget is now well underway and providing up to £50,000 worth of relief from Class 1 Employer National Insurance Contributions to new businesses.
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Abolition of 36 Reliefs
As part of the drive to simplify the tax system, it is proposed to abolish 36 tax reliefs in 2012 or after.
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Annual Investment Allowance/Writing Down Allowances
Businesses will be aware that capital allowances for expenditure on plant & machinery and fixtures & fittings are falling with effect from 1 April 2012. What action should be taken?
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Are Your Business Records Up To Scratch?
In February, we reported on HMRC’s new programme of Business Records Checks aimed at SMEs, to start in the autumn. HMRC has commenced a ‘test and learn’ phase during the past few months.
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New Mileage Rate from 6 April 2011
Finally, a reminder that the Approved Mileage Allowance Payments (AMAPs) rate for employees who use their own cars or vans for business travel increased to 45p per mile with effect from 6 April 2011.
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