December update

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01/12/2013
Loans to Reduce IHT
Have you used a loan to reduce the inheritance tax (IHT) which may be due when you die? A common IHT planning technique has been to take out a mortgage on the family home and use those borrowed funds to invest in assets that qualify for 100% exemption fro Read More...
 
EFRBS Settlement
If you have used an "EFRBS" (employer financed retirement benefit scheme) since 2006, you should shortly expect to receive a letter from the Taxman. This will allow you to pay tax which may have been avoided by using the ERFBS. Read More...
 
VAT Due Payment Date
When must your VAT payment reach HMRC? The correct answer is: seven days after the end of the month following the end of your VAT quarter. Not seven working days, seven calendar days. Read More...
 
RTI Penalties Around The Corner
This tax year (2013/14) is the first year in which the majority of employers have submitted their PAYE data using real time information (RTI). HMRC has not yet imposed penalties for late RTI submissions made within the tax year, but that is about to chang Read More...
 
December Question and Answer Section
Q. In September 2013 I started working through my own company but I haven't drawn a salary yet. Can I award myself tax free childcare vouchers as an employee of my company? I was previously on a salary of £50,000 with my former employer. Would that Read More...
 
Autumn Statement 2013
The Autumn Statement traditionally focuses on government spending rather than taxes, but George Osborne used this occasion to announce some tax changes which will take effect in 2014 and 2015. Read More...
 
About Us

Younique Accountancy Accountants are based in Newcastle upon Tyne, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website youniqueaccountancy.co.uk for more information.

 
 

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