SME Tax News

From 6 September 2010 new business set up outside London, the South East and East of England will be eligible for a holiday worth up to £5,000 for each of the first ten employees they hire in their first year of business (that is up to £50,000 in total).

An upset for HMRC: a new settlements case features a husband and wife, different share classes and dividends, but who was the settlor?

Over 1,000 “leaders” run 6,000 Weight Watchers (WW) meetings in the UK each week. The First Tier Tribunal has ruled that these individuals are employed.

The public have submitted over 44,000 ideas to reduce Government Spending and waste though the Treasury’s Spending Challenge website, and now it is time to vote on the best ones.

The First Tier Tribunal has ruled that the VAT value of a supply of a company’s supplies to its director should be a cost rather then open market value.

HMRC has devised and published a simpified valuation method for an employer to use when it transfers the ownership of a bicycle to an employee.


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