SME Tax News
Happy New Tax Year.
In addition to the 2010 Finance bill we have some new tax acts. This means no further changes in tax law, but quite a few new section numbers.
Ignorance of the law is not normally a valid excuse for a tax adviser to make when things go wrong. However, when HMRC's website and helpline both give the same misleading advice, it may be quite a different matter.
From 1 April 2010 HMRC is imposing new sanctions on businesses which have not registered under the Money Laundering Regulations.
CGT Entrepreneurs' Relief to apply to first £2 million and the Capital Allowance Annual Investment allowance doubles.
High on politics but also stuffed full of anti-avoidance measures...
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