The Joint and Several Liability (JSL) notices, were introduced in 2016 to protect British businesses from being undercut by overseas sellers committing VAT evasion.
About Karen Best
In Business: Tax planning In Life: Increasing my fresh air intake with my three reluctant children
Entries by Karen Best
Parents have been reminded to make use of the £2,000 tax-free childcare allowance over the summer holidays to help with the cost of care.
Please note that HMRC have announced that it has changed the Advisory Fuel rates once again (this is the third change in this tax year so far). The rates below* apply from 1 September 2015. You can use the previous rates for up to 1 month from the date the new rates apply. Engine […]
We are pleased to announce some key staff promotions at Clay Shaw Thomas! James Burnett has been promoted to Director having qualified as a Chartered and Certified Accountant with the firm. Pictured L-R: Sara Lathwood, Lauren Hooper, Gemma Jones, James Burnett, Laura Steele James has been a key member of the management team […]
George Osborne will deliver the second Budget of 2015 on Wednesday, July 8th, just two months – almost to the day – after the Conservatives secured an outright majority in the General Election. With all the pundits predicting a hung parliament, the Conservatives secured an overall majority of 12; not huge but – in the […]
The new non-UK resident tax on the sale of UK properties came into force on 6 April. The tax is only to be applied to the growth in value of a UK property from 6 April 2015 to the date of the sale of that property but we are recommending that non-resident, UK property owners […]
It is important to note that the AFR rates reduced from 1 March 2015 and must be applied in businesses by 1 April 2015. When can you use the AFRs? The rates apply when you either: • Reimburse employees for business travel in their company cars; or • Require employees to repay the cost of […]
The Chancellor of the Exchequer delivered his Budget 2015 statement to Parliament yesterday. This was the last Budget statement before May’s General Election and one of the last major scheduled chances for George Osborne and his party to reflect on our current economic status and look forward to forthcoming policies. To help explain the impact […]
Historically, holiday pay has been calculated on ‘normal basic pay’ and that’s made sense when the 40 hour week was the ‘norm’. However, in the new world where people are on zero hour contracts, part time contracts with extra hours regularly worked, flexible hours etc it seems sensible for people’s holiday pay to be calculated […]
With the festive season fast approaching, it should be remembered that employers can provide employees with a tax free Christmas party. The rules apply to any party or similar function, which must be open to staff generally or to workers at a particular location. The tax-free limit applies for a tax year, so an employer […]
Registered to carry on audit work by the Institute of Chartered Accountants in England and Wales
Details about our audit registration can be viewed at www.auditregister.org.uk and www.cro.ie/auditors under reference number C001237469
Registered to carry out work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.
Clay Shaw Thomas is a trading name of Clay Shaw Thomas Limited.