Archive for December, 2011

December 23rd, 2011

Study Revealed That The Govt. Spend Only One Third Of Motor Tax On Highways

The Government is taking 3 times the amount on motoring taxes than they’re really spending on highways, according to a number of new findings. Data by the Department for Transport (DtF) reveal that officials are spending only 1 / 3 of motor tax collected from Britons on the roadways. In 2010, petrol taxation raised a huge £27 billion for the Treasury with a further £5 billion derived from vehicle execise duty (VED). However, a brand new survey has shown that in 2010/11 only £5.7 billion was spent on local roads and £3.75 billion was used on nationwide roads. Perhaps they may be in need of a tax calculator to help them to work out all of the figures.

The DfT state that VED has almost doubled within the last 23 years and also the increase in revenue from fuel duty has much more than tripled. The stats found that in 2010/11, £7.6 billion was spent on railways and also £4.9 billion went towards local public transport. Overall, £22.9 billion of public spending was spent on transportation in the UK. These figures, unless carefully monitored, may become mind-boggling for the Treasury to maintain so it is vital they understand their equations and also use an accurate vat calculator.

What’s more, the department has published its findings on the overall cost of motoring which shows that from 1997 to 2010, the total cost including purchase, petrol and also oil, tax and insurance, has gone up slowly and gradually. Her Majesty’s Treasury is the United Kingdom’s economics and also finance ministry however fundamentally they are in control of the Government’s monies. Be responsible of your own finances by working out savings, loans, mortgages and also currency by going to Calculator.co.uk today. Not sure whether you really can afford the monthly repayments on a new car on finance? Simply use a car finance calculator with the specialists.

CategoryFinance | CommentNo Comments »

December 21st, 2011

Businesses lessening energy use due to expense

High priced business electric and gas costs have lead to many organisations reducing the amount of energy they are using, in accordance with figures from British Gas parent company Centrica. read more »

CategoryBusiness, Finance | CommentNo Comments »

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December 20th, 2011

Do Not forget the tax return due date of January 31

With the end of year quickly nearing, now is the time for contractors to start thinking about having their taxes in order prepared for the approaching deadline from HMRC.
The deadline for returning your online tax return is midnight on January 31st and if you forget this date you will be expected to pay a penalty to the HMRC even though you do not owe any money or have already repaid anything you owe.
If your return is only one day late, you will automatically need to pay a £100 fixed penalty and there is a scale of additional penalties based on how late the tax return is. If it’s up to three months late, you’ll need to pay £10 each day up to a maximum of £900 and then there are even more fees to pay if it is any later than this.
As well as the deadline of January 31, there is an earlier deadline of December 30th if you want any taxes you owe obtained via your tax code, that may be done if you owe less than £3,000, so if you have not yet began to think about completing the document it is now time to.
Completing a tax return can be time consuming and a lot of contractors find that they simply don’t have the time to fill out the forms. A good way of dealing with your taxes would be to hire the accountancy services of specialist contractor accountants like Nixon Williams who could prepare your tax return for you on your behalf so you can be certain that things are fully completed well in time of the deadline.
Being an accounting company which specialise in providing services to contractors, you can be certain of an effective service when you use Nixon Williams for all your accountancy needs. The knowledgeable team have experience of working with contractors in a number of industries and sectors, so that you can be certain that your finances will be dealt with effectively.

CategoryAccountants | CommentNo Comments »

December 19th, 2011

Ensure you don’t overlook the online tax return due dates

With the end of the year rapidly approaching, this is the time for businesses and people who own their own businesses to start thinking about filling in and posting their tax return.

The deadline for returning a paper tax return was October 31, however, if you’re among progressively more people that do their taxes online, you have until the end of January to fill in and submit your forms.

While some people are conscious of the January 31 deadline, it comes with an earlier deadline of December 30 for anybody that owes less than £3,000 and wants to pay it through their tax code.

Should you forget the deadline, you will find fees and penalties to pay for. If you are one day overdue in submitting, there is an automatic £100 predetermined fee and for every day it is late there is an additional £10 charge. There are also greater fines if you are over 6 months late, so make certain you send it off in good time to avoid the fines.

If you’re having difficulties with your tax return, get in touch with Liptrott and Woosey Accountants for assistance with completing and filing your return as well as guidance with all elements of business accountancy.

From assisting with business plans to assisting with income, Liptrott and Woosey Accountants Manchester strive to help all their clients be successful in business by providing honest and accurate advice.

The team behind Liptrott and Woosey have significant experience in the industry and created the company as they believed that the larger companies they worked for simply weren’t offering clients with the personal touch. Liptrott and Woosey are fixed fee and pride themselves on their friendly service and being just a phone call away should a client need any help or advice.

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