Welcome to Kilsby & Williams

Refund of foreign tax on dividends

Do you own shares in an overseas company?  Are you aware most foreign countries withhold tax... more

Patent Box

The Government wants to make the UK an attractive location for companies to develop and exploit i... more

Childcare costs - Higher rate tax relief may still be available

From April 2011, new joiners to Employer's Childcare schemes will be affected by new rules.&n... more

Room deposits – HMRC are giving money back

HMRC will now allow hotel owners to reclaim VAT which was accounted for on deposits which the cus... more

Business Growth Fund

Business Secretary Vince Cable will formally launch the coalition's flagship £2.5 billi... more

Growth Share Schemes

A practical alternative to a formal employee share scheme is increasing in popularity and is comm... more

Comment on Tribunal Decision in Reed Employment Limited

A recent VAT case potentially opens the door for employment agencies to charge less VAT going for... more

Non-resident and work in the UK

Individuals who make a break with the UK through working full time abroad will still pay tax on e... more

HMRC PILOT SIMPLIFICATION OF TAX ENQUIRIES

HMRC are under increased pressure to raise additional tax revenues, while the Government is commi... more

Successful Time to Pay (TTP) requests reduce

Figures released recently by HMRC show that 3,390 TTP requests were refused in the first three mo... more

Football, Football, Football

With Wales hosting part of the Olympic football tournament you may be considering renting out you... more

Beware scams!

We have recently received a number of queries from clients regarding scams involving repayments. ... more

The cost of the Royal Wedding

The Royal Wedding on 29 April has been declared a bank holiday, in addition to the established Ea... more

Employers Deadline - 19 May 2011

A quick reminder that changes came into effect this year, which mean if you send you Employer Ann... more

Changes to Class 2 NI Payments

From April 2011, payments for your Class 2 National Insurance contributions become du... more

Change of treatment of VAT on business samples

HMRC now accepts that where businesses provide samples of their products free of charge to indivi... more

Online Filing

With effect from 1 April 2011, corporation tax and related payments will have to be made electron... more

Notice your codings!

The PAYE system collects about £250 billion tax and NIC each year and impacts on most peopl... more

Cash in hand?

H M Revenue & Customs has recently launched a tax amnesty aimed at anyone working in the plum... more

Kilsby & Williams win an Oscar

We were delighted to be co-organisers of the recent South Wales Ladies Business Club Hollywood Ch... more

Disguised Remuneration - an update!

In December HMRC proposed draft legislation attacking what it calls "disguised remuneration&... more

Termination payments

Under current rules employers are only required to withhold tax at a rate of 20% on termination p... more

Funding Gap still exists

Following recent criticism from the government over weak bank lending to SMEs, a new fund of &pou... more

Setting a rental loss against income.

A rental loss cannot generally be set off against other income which arises in the year, such as ... more

Late filing companies feel the credit crunch

Credit rating agencies are downgrading ratings for companies that file their accounts within the ... more

File by 31 January .......very good idea!

HMRC have introduced new rules for Self Assessment tax returns filed late.  Up to ... more

31 January deadline looming!

There are now just 18 days until the Self-Assessment filing deadline of 31 January 2011. If ... more

WELCOME TO THE ANNUAL NEW YEAR GYM RUSH

Many individuals resolve to lose weight and become fitter at the start of the year. This is the m... more

A General Tax Anti–Avoidance Rule moves closer?

On 6 December the Exchequer Secretary announced that a study is to be set up to look at the possi... more

IR35 TO BE REFORMED (ALONG WITH EVERYTHING ELSE)

Probably the most disliked tax legislation for years has been the IR35 Rules.  These aim to ... more

Bank lending to small businesses appears to be showing signs of stability.

In September 2010 high street banks approved £564 million in loans to SMEs.  New b... more

NATIONAL INSURANCE HOLIDAY

The 2010 Emergency Budget offered "new" firms situated outside of the South East of Eng... more

Loans To Directors Get Easier In Principle

Before the 2006 Companies Act, companies were prohibited from making loans to directors with mino... more

KEEPING RECORDS UP TO DATE AT COMPANIES HOUSE IS VITAL

Your company’s records at Companies House are regularly accessed and reviewed by numerous g... more

Are you about to lose your loss?

Have you made a capital loss and not established it with HMRC - maybe that rash share purchase th... more

Changes to employer supported childcare

From 6 April 2011 there will be changes to employer supported childcare schemes. The purpose of t... more

STEP BY STEP GUIDE TO ACCOUNTING FOR THE VAT INCREASE

On 4 January 2011 the standard rate of VAT will increase from 17.5% to 20%. Although this is the ... more

Higher rate and lost your child benefit?

Use salary sacrifice to get it back! Families with a higher rate taxpayer face having their c... more

UK spending axe has fallen!

Some specific items of interest to the Welsh economy in yesterday’s Public Spending Review ... more

Intestacy, it could happen to you!

  Since the introduction of a transferrable nil rate band the use of basic “will t... more

Tax Return submission deadline approaching!

Whilst filing online may now be standard for many of you, if you still file a paper self-assessme... more

BEWARE OPERATION PACESETTER

HMRC are currently running a trial called "Operation Pacesetter"&nb... more

Slower payment terms a concern for SMEs

It has been reported in the press this week by IGF that over a third of SMEs have experienced a r... more

Do you always have to pay the taxman?

Following the recent wave of tax demands from HMRC to thousands of taxpayers as a result of discr... more

Contractors beware!

Contractors operating in the Construction Industry Scheme should be aware of the importance of co... more

Gifts from vendors

A number of the larger home builders are offering various schemes that help buyers obtain a ... more

HMRC signals the end of the paper trail

HMRC has announced details of filing changes that will take effect from 1 April 2011. From this d... more

Will HMRC score penalties against you?

HMRC has recently announced the scrapping of the concession which allowed a number of f... more

DON’T ANSWER THE TAXMAN’S EMAIL OFFERING A REFUND

 We have seen a number of emails recently supposedly from HM Revenue & Customs to indivi... more

Dispensing with time

With the annual P11D headache still fresh in the memory, now seems a sensible time to remind empl... more