Tax News
Welcome to the news section. In which you stay up-to-date with all the latest tax industry news, but you can also find out more about our upcoming products and discover what exciting new developments we have in store for 2012.
The Harry Redknapp Trial - The Prosecution's Case ... Click here to view
Emptying Small Pension Pots by Anne Redston
Most people change jobs frequently. On average, you can expect to have eleven different employers during your working life. Some employers provide a salary package which includes pension contributions. When you resign from a job, you usually leave the pension pot behind. Click to read more
Autumn Statement 2011: Back to basics … a return to the sentiments of the Iron Lady?
Click here to download your copy our of report.
There were few surprises in George Osborne’s Autumn Statement. As always, MPs packed the House of Commons to listen to the Chancellor’s speech. With many of the proposals impacting taxation having previously been announced, all eyes will be focused on the legislation day – 6th December – for the detail contained in the Finance Bill 2012 ... Click to read more.
Selling online? Don’t forget the taxman by Anne Redston
Do you sell on Ebay or another online auction site? Are you running a small internet-based business? If the answer to either of these questions is ‘yes’ – have you thought about the taxman? You may owe income tax, National Insurance, VAT and/or other taxes or duties.
This article focuses on the tax issues raised by selling online – but many of the points also apply to other sorts of selling, from market stalls and car boot sales to traditional shops and stores. Click to read more
Taxman makes computers compulsory by Anne Redston
No-one enjoys filling in their tax returns. But, like going to the dentist, it has to be done.
The taxman now wants to force everyone in business to use a computer. So it won’t be possible simply to fill in your tax return and send it off in the post ... click to read more
The covert cost of public sector pensions by Anne Redston
Public sector pensions are big news. Costs have escalated to 2% of GDP, and total liabilities are over £1.1 trillion – the same as the entire education budget for more than twenty years ... read more.
Launch of TolleyGuidance Corporate Tax Module - July 2011
We are pleased to announce the release of the TolleyGuidance Corporate Tax module. This is the fourth module to be released and, as with all the TolleyGuidance modules, it has been specifically designed to assist professionals undertaking front line work.
The consultant editor is Pete Miller (the Miller Partnership) who has decades of experience and expertise including at HMRC and the Big 4. In addition we have a team of dedicated authors working on the module, who include established corporate tax practitioners from a variety of backgrounds; accountancy firms including Big 4, FTSE100 in-house, Barristers, and our own specialist in-house writers.
The TolleyGuidance Corporate Tax module contains a comprehensive range of easily accessible information including tax accounting, international tax, transfer pricing, tax compliance and planning - these are just a few highlights of what is contained within the module.
Click for further information or to request a free trial.
New Tax Tutor and VAT Update websites launched – we are delighted to announce that our new and improved Tax Tutor and VAT Update websites have just been launched. The new features of both sites include:
Click here to see our new Tax Tutor site and here for the new VAT Update.
The Squeezed Middle by Anne Redston
Are you paying too much tax? If you are an employee on average earnings, you may be surprised to realise how much you are giving to the government.
Average UK earnings is currently around £500 a week. Of this you pay £75 in income tax, and £43 in National Insurance Contributions (NICs). This totals £118 a week. So almost a quarter of your money disappears before you get your salary ... click here to see full article
PAYE Penalties - Don't put it behind the kettle by Anne Redston
Brown envelopes are almost always bad news - they bring bills, payment reminders, tax returns. They’re not thrown away, but hidden behind the kettle to be dealt with another day.
In April the taxman sent out the latest batch of tax returns. One may have landed on your doormat. Perhaps it is nestling behind the kettle, lost among other brown envelopes.
This could be a mistake - sending in a late tax return has just got much more expensive. You can pay over £1,000 in penalties even if you don’t owe any tax. click here to see full article.
Tolley Exam Training students achieve exceptional exam results significantly surpassing the national average
Tolley Exam Training is delighted to announce that once again its students have achieved excellent pass rates that significantly surpass the national average. We would like to congratulate all our students on their exceptional performance.
In the ATT exams Tolley students on the Guaranteed Pass Scheme achieved an average of 98%, compared to the national average of 72%, with 100% pass rate in five of the seven papers. In the CTA exams Tolley students achieved an overall average pass rate of 86%, compared to an average of just 53% nationally.
Tolley Exam Training is unique in the training market, being the only organisation that provides training exclusively for the professional tax examinations. The training includes a correspondence (distance learning) course, modular classroom and revision courses and access to an Online Academy to help aspiring tax practitioners achieve their full potential.
We believe that our students achieve such exceptional pass rates for two main reasons:
For more information on the qualifications offered by Tolley Exam Training please click here or call 020 7347 3559.
