Inevitably, the main focus of the Chancellor’s Autumn Statement was the state of the UK’s finances and the outlook for future growth. The most interesting announcement from a tax perspective was the proposed relief for investments via a new “Seed Enterprise Investment Scheme” (SEIS) which is intended to give UK business a much needed jump-start.

Changes to HMRC’s penalty regime mean that taxpayers who submit their 2010/11 Tax Return late, face far heftier fines than ever before – regardless of whether they ultimately have a tax liability or indeed even if they are due a repayment. HMRC are understandably keen to encourage tax payers to submit prompt returns, particularly in

Contribute more than £50,000 to your pension in 2011/12 AND get higher rate tax relief As of 6th April 2011, the government reduced the annual pension allowance to ensure that only the first £50,000 of an individual’s gross pension contributions will attract higher rate tax relief at 40% or 50%. But if you have not

2010/11 Self Assessment Tax Return Filing The economic climate of recent years and austerity measures introduced by the government have resulted in a spotlight being turned on the collection of UK tax. We are increasingly seeing a hard line approach being taken in respect of a taxpayer’s failure to comply with very complex and ever