Tax

This guide is for 2012/13 end of year tax planning. Including information for business owners and personal finance issues. Please contact us if you have any queries.

Includes, Capital gains tax and Inheritance tax.

For a wealth of advice and information relating to the operation of VAT, including essential tips for VAT planning, VAT schemes and how to survive the VAT inspector's visit. The standard rate of VAT is 20% and it is envisaged that this rate will remain in force until at least 2015 and possibly beyond. VAT was devised by a German economist in the 18th century and replaced sales tax in the UK in 1973.

IR35 relates to legislation and rules intended to apply a PAYE and NIC charge on earnings from a company or partnership which is termed an "intermediary." It is intended to prevent the lower rates of tax which would otherwise apply from being available to work which is regarded as "disguised employment".

Historical information relating to previous Budgets reports.

From 2011, many significant changes will be made to the operation of the PAYE system. There are also changes from 2012 that you should be considering now.