Tax Tips for Christmas

It’s the time of year when business owners are considering their plans for Christmas activities, and rewards for staff, customers and suppliers. Here follows a reminder of some of the tax implications: Flu Vaccinations Annual routine flu vaccinations offered to staff are not considered a taxable benefit by HMRC Christmas Bonus for Staff This will count as ordinary earnings and besubject to tax and NI as if it were additionalsalary. Vouchers given will also be taxable. Client Entertaining Hospitality of any kind is not an allow...

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Habib Brora

Up to £1,600 Penalty for late submission of personal tax returns where no tax is due to HMRC

HMRC records show that 1,566 people filed their personal tax return on Christmas day 2013, a 1% increase on the prior year. With the festive season nearly upon us and the 31 January deadline looming, it is important to ensure your affairs are in order. HM Revenue & Customs can levy substantial penalties for late submission of Self Assessment Returns, even if there is no tax to pay. Below is a summary of the penalties that will be enforced by HMRC for late submission of personal tax returns for the 2013/14 tax year - which are d...

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Richard Hutchingson

VAT - The Digital Revolution

With effect from 1 January 2015 the VAT rules for broadcasting, telecommunication and electronic (BTE) services will be changing. This will have a direct impact on businesses making digital sales such as software and music downloads over the internet. The current position is that a sale of digital services by a UK business to a non-business customer in another country is treated as having been made in the place where the business is located. So a UK business making digital sales, such as music downloads, to non-business customers will be VATa...

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Successful Joint Seminar

Rothmans held a successful joint seminar with HSBC on Thursday 23rd October 2014 at The Ageas Bowl for interested Rothmans and HSBC clients. 
 Liz Martins, UK Economist at HSBC, presented valuable insight into the current economic situation and how this related to the business environment in the UK and across Europe. 
 This annual breakfast seminar was packed with business people eager to learn more about the economy and what is in store over the coming months.

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Rothmans staff turn super sleuths for Winchester treasure hunt

In September 2014 around 70 Rothmans staff and their families got together in teams for a fun treasure hunt in Winchester. The event took them on an exploration through the many historic landmarks of the great city while solving a number of clues along the way. Tasks to win bonus points were also set for the 13 teams taking part, including persuading someone from the public to sing happy birthday, making an outfit out of newspaper and performing a dance in the street – all of which were enthusiastically taken on! The Havant office tea...

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HSBC conference

Annual economic update seminar and networking event with HSBC

Annual economic update seminar and networking event with HSBC: presented by Liz Martins, HSBC Senior Economist Thursday October 23rd from 7.30am Venue: Robin Smith Suite, The Ageas Bowl, Southampton, SO30 3XH Rothmans are pleased to announce their 2014 joint economic update seminar and networking event with HSBC. Guest speaker, Liz Martins, from HSBC’s Global and European Economics team, will provide business owners with valuable insight into the current economic situation both here and internationally, and the prospects for busi...

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