Have a Ho-ho Christmas not an Uh-oh Christmas!

Sue Davis

On a cold wintry Sunday morning, enjoy a long lie in, a leisurely breakfast, write your Christmas “still to do” list.

Organise tree
Get the decorations out of loft
Decide on your final presents to buy
Prepare and submit tax return

Well! If you haven’t done it by now, you are running out of time.

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SRA Accounts Rules 2011 changes

SRA Accounts Rules 2011 changes
The SRA (Solicitors Regulation Authority) has recently issued new guidance in relation to the changes to both the rules and requirements to submit the Accountant’s Report (AR1 Form).

For accounting periods ending on or after 1 November 2015, there is no longer a need to submit an Accountant’s Report if you meet either of the following requirements:

If you hold less than £250,000 of client money in total, and hold on average less than £10,000 of client money per month.

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Autumn Statement 2015: Predictions

Tessa Brown

With the Chancellor set to present his Autumn Statement on Wednesday we thought we would share our top predictions for the tax changes he may be announcing.

George Osborne made the bold claim of bringing the country’s accounts back into the black by 2020. He has now been left with a huge task following the House of Lords’ refusal to pass a bill that would have saved £4.

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CQC proposes 313% rise in fees for care providers

Ian Nelson

If only the fees care providers receive would increase by this much!

Government policy for fee-setting regulators such as the Care Quality Commission (CQC) is that their chargeable costs must be fully covered through their fees income. This means that CQC needs to increase the fees it charges to providers and reduce its reliance on grant-in-aid.

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File your tax return online or there will be fireworks!

Kevin Francis

Although your focus recently may have been on celebrating Bonfire Night, it’s also worth remembering that the end of October marked the filing deadline for submitting tax returns for the year ended 5 April 2015 on paper. Any 2014/15 tax returns submitted on paper between now and 31 January will automatically incur a £100 late filing penalty.

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Property sales for non-UK residents

Michael Morter

From April 2015, a significant change was introduced to the capital gains tax system, targeting non-UK residents who sell UK residential property. This is something property lawyers need to be aware of as the reporting requirements involve a very short deadline!

First things first – what has changed?

From 6 April 2015, non-residents have to pay tax when they sell UK residential property.

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Beware, the tax man cometh!

Peter Glading

Not surprisingly there are many things happening in the world of tax as the new Government gets to grips with the national debt. In 2014/15, HMRC collected a record £517.7 billion in tax, £12 billion more than in the previous year. In HMRC’s annual report, this increase is attributed to economic growth and the crackdown on tax evasion and avoidance.

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