Press Room
| Firms finding it more difficult to defer VAT payments |
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| Stamp Duty Land Tax And First sssTime Home Buyers |
At present the Stamp Duty Land Tax rate is 1% for residential property purchases where the consideration is more than £125,000 but does not exceed £250,000. .
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| Higher rate income tax to improve government revenues |
Income tax revenue looks set to show a marked improvement this year.
HM Revenue and Customs (HMRC) has predicted that 2010/11 will deliver an additional £10 billion in income tax take.
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| Hung Parliament- Is this good news for homeowners/buyers? |
There is increased uncertainty surrounding the property market as a result of a Hung Parliament, with a number of property experts expressing their fears about the UK housing sector during the remainder of 2010.
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| The Taxman has tried out his new “all-in-one” inspection visits over the last year and is now starting them in earnest. As with most new systems, it’s throwing up one or two teething problems. So what can you expect? |
Harmony
Over recent years the divide between the VAT, income tax/Corporation Tax (CT) etc. and NI departments has closed, and they now operate under the single HM Revenue and Customs (HMRC) banner. The idea was “joined up government”, but sadly it hasn’t lived up to that billing. In fact, a recent official report stated that around half of all phone calls made to HMRC went unanswered or were not dealt with properly. Yet, HMRC has now introduced an all-in-one inspection system called cross Cross
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