BUDGET 2011

Please see our "Budget 2011" page for details of the 23rd March 2011 budget.

NEW STANDARD RATE OF VAT

From 4th January 2011 the standard rate of VAT will increase to 20%.

"EMERGENCY" BUDGET 22 JUNE 2010:

The Chancellor, George Osborne, has presented the first Budget of the Coalition Government.

For full detail of the budget please follow:  http://www.hm-treasury.gov.uk/junebudget

For summarised details of the budget please see our "Budget 2010" pages on our website.

IMPORTANT PAYE/NATIONAL INSURANCE NEWS:

HM Revenue & Customs have introduced new late payment penalties. They apply to monthly, quarterly and annual periods of PAYE starting on or after 6 April 2010.

For full details please follow:   http://www.hmrc.gov.uk/paye/problems-inspections/late-payments.htm

IMPORTANT VAT NEWS:

From 1 April 2010 many VAT-registered businesses will have to file their VAT Returns online. From 1 April 2010, if your annual business turnover was £100,000 or more in the 12 months ended 31 Decembe 2009, or if you become VAT-registered on or after 1 April 2010, you will have to submit VAT returns online and pay VAT electronically. 

For more details of these changes follow    http://www.hmrc.gov.uk/vat/start/register/signup-online.htm

Bank of England Base Rates

Current Rate   0.50%   

 Bank of England Website:   www.bankofengland.co.uk 

Exchange Rates

For detailed live and historic exchange rates follow the link   www.oanda.com