Category Archives: Uncategorized

British Conservative Party’s budget and taxation principles

The 2012 budget season is almost over and one thing we have learned from all these tax cuts for the rich and tax hike for the poor and the old is that the conservative party, under the its successive leaders, genuinely believe that the poor among our citizens have too much income and wealth to incentivise them to work hard while the richest of our citizens have very little or not enough income for them to remain in this country.

The poorest have been hit hardest by the cuts in their benefits and tax allowances while the rich got the windfall by way of tax cuts and a big cut in the top rate of income tax from 50% down to 45%.

Do I really need a transformation?

Over the last two weeks or so I have received 100s of messages telling me that I need a good transformation; I believe what they are saying is that my website, more accurately, my blog, needs a transformation.

Some messages were crude and some were blatant senseless. One message from a well known blogger/website has threatened me that if I continue to provide working codes on their forums then they will have no alternative but to ban me.

I wonder if they really know that what they are talking about. Do they really think that I care about his blog/website? Has he lost his senses recently?. He should know very well that I only care about people looking for real solutions about their real every day problems. They can always come to me direct and they know where I live in the cyberspace.

However, do I really need a transformation like in this video? Let me know. By the way I am not fat nor thin. I am just a normal guy keeping fit by going to my local gym three times a week.

Return reminder for employers

With the 2011/12 tax year now ended on 5th April 2012, employers across the country are reminded to send in their annual returns on time, or face a penalty.

Employer Annual Return Forms (previously called Form P35), which provide information on employees’ tax and national insurance deductions during the tax year, must be sent online to HM Revenue & Customs (HMRC) by the 19th May deadline. Almost all employers must file these returns online. Paper returns must not be sent to HMRC.

If you file the return late, the penalty is £100 per 50 employees for each month, or part month, that the return is outstanding.

Employers who are not registered for online filing need to sign up now for HMRC’s PAYE Online service. The registration process takes a few minutes, but you won’t be able file online until you have activated the service using a code that HMRC sends you by post. This can take up to a week to arrive – so don’t leave registration until the last minute. I can certainly help you to register you for HMRC’s online service so please contact me at your earliest convenience.

HMRC has published a list of common errors to avoid on its website at www.hmrc.gov.uk/paye/payroll/year-end/errors.htm.

Limited companies – Claiming back CIS deductions

All registered subcontractors should read the latest HMRC leaflet which sets out how Limited Companies registered as subcontractors can claim back any overpayments of deductions under the CIS rules.

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The leaflet is available from my website and people can contact me if they need further assistance in how to go about making the claim.

Limited Company Subcontractors – Claiming back Construction Industry Scheme (CIS) deductions

Child Tax Credit and Working Tax Credit

A leaflet that explains what Child Tax Credit and Working Tax Credit are, who can get them and how to make a claim has been published by HMRC. This is the latest leaflet in a series of leaflets issued by the Government in the light of 2012 budget and how to help the low paid workers to feed their families. The leaflet, as usual is available exclusively from this website by clicking on the link shown below.

As usual, I am available to assist anybody who wants help in understanding our tax legislation in order to comply with their obligation to file all their tax returns and to pay their taxes on time.

Child Tax Credit and Working Tax Credit

List of negligible value assets

hmrc_official_logoHMRC have today produced a revised list of assets that are officially accepted as qualifying for negligible value claims for Capital Gains Tax purposes. The revised list include any new agreements during the month of February 2012.  The list is very long so I suggest please use HMRC’s website to browse it.  The link is here:

Negligible Value agreements to 29 February 2012

As always, if you have any questions or need further assistance on this matter, please don not hesitate to contact us using this form: Contact us.

Internal Revenue Bulletin

The latest edition of Internal Revenue Bulletin has been released today and you can download it by clicking the link given below:

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Us Treasury

Bulletin No. 2012-13 – March 26, 2012

If you have any questions or need any assistance in filing your UK Tax Return then please do not hesitate to contact me. All the viable methods of contacting me are given at this link:

Contact Us

I hope this information proves useful.

SDLT Changes effective budget day 2012

The new 7 per cent rate of Stamp Duty Land Tax (SDLT) for residential property transactions applies where the chargeable consideration exceeds £2 million. This applies to transactions where the effective date is on or after 22 March 2012, subject to transitional provisions for pre-existing contracts.

The new 15 per cent rate of SDLT applies for residential property transactions by certain persons (broadly companies, collective investment schemes and partnerships with a member who is a company or a collective investment scheme) where the chargeable consideration exceeds £2 million. The effective date is on or after 21 March 2012, subject to transitional provisions for pre-existing contracts.

There are also two exclusions from the higher charge, firstly for companies acting in its capacity as trustee of a settlement and for bona fide property developers who meet the qualifying conditions.

If you need further assistance then please contact me using the form attached at this link: Contact Us

It’s budget day in United Kingdom

It’s budget day today, 21st March 2012, and the rich and powerful should benefit in give-away tax cuts at the expense of the poor, single parent, children and, of course, the low paid workers. This is how UK operates under the Conservative Government because they strongly believe that the state must provide incentives to the rich and powerful for them to remain on this planet

We shall be posting links to all the official documents issued by HMRC so please come and visit us again later today.

See you soon.

Murdoch’s UK papers told to tighten security

LulzSec hack again, planting a fake story on a website owned by Rupert Murdoch, while claiming to have stolen News Corp emails in the process

Staff at Rupert Murdoch’s British newspapers have been told to tighten security and change their passwords, Reuters reports, after the website of The Sun was hacked late on Monday night.

Hacking group LulzSec announced their breach of the Sun’s website on Twitter, after placing a redirect code on the main page which pushed visitors to a fake story about Rupert Murdoch’s death.

An old News International (NI) site called new-times.co.uk/sun was used for the attack. It had been set up while the Times paywall was built. LulzSec gained access to that site and, through it, to NI’s Content Management System (CMS).

The CMS access was then used to change the content of the Sun homepage, inserting a redirect pointing readers to the fake story initially, and then to LulzSec’s Twitter account. The website has since been returned to normal.

One member of the hacking group, Sabu, announced that emails had been taken during the hack, saying that they would be released on Tuesday. A few details which appeared to relate to NI employees were posted on Twitter by LulzSec. News International declined to comment on security issues, merely acknowledging the hack.

“We are aware of the hacking attempt on the sun.co.uk last night and our sites are now back up. We do not have any further comment to add at this time,” a spokesperson said.

Sophos security analyst Graham Cluley said that the hack demonstrated the ease with which trusted websites can be compromised.

“What we saw overnight with the Sun, we all have to be grateful that the hackers that did that didn’t plant anything malicious, because that would have been very simple for them to do,” Cluely said. “They just embedded a little bit of code which then did the redirect.”

Cluley told Information Age that advertising networks are increasingly being used to distribute malware, not just direct manipulation of websites. “You may not have to hack into a specific website. Media outlets carry advertising from legitimate advertising streams, and what hackers have done is plant malicious code in those streams. The website becomes the vector by which the malware gets to the [web user]. It poisons the advertising stream,” Cluley said.