SME Tax News

New measures came into effect on 1 January 2011 to strengthen and improve the Disclosure of Tax Avoidance Schemes (DOTAS) rules.

On 4 January 2011 the standard rate of VAT increased to 20%.

New Minimum Wage rules came into effect on 1 January 2011, making schemes where some travel expenses counted towards the National Minimum Wage (NMW) ineffective.

We have a variety of new guides and updates as usual, together with a new Adviser's Update and Planner.

The leading UK professional bodies involved in taxation have issued updated guidance on how tax advisers should act in difficult situations.

Measures previously announced in December 2010 for the 2011 Finance Bill include:

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