Croydon Tax Accountants news on Finance Draft Bill 2012

I’m just writing let you know that the Consultation on draft legislation for Finance Bill 2012 has been issued today by the Treasury. Tax Accountants Croydon are here to help you make sence of the changes and save you tax.

 

This represents approximately 1107 pages of reading in relation to the draft legislation – if you are desperate to read this it can be found on http://www.hmrc.gov.uk/budget-updates/march2011/draft-tax-finance-bill-2012.htm#6 or

 

 http://www.hm-treasury.gov.uk/finance_bill_2012_consultation.htm

 

The good news is that none of our structures have been affected. Good news for all our clients in Croydon, Wimbledon and London and further afield.

 

I know that quite a few people were concerned about this and have delayed the commencement of strategies until after this announcement. Whilst this announcement does give a degree of certainty (in terms of the implementation prior to the next budget) there’s no point in being complacent -  it’s still possible for further ad hoc announcements to be made at any time!

 

As we are now approaching the end of the year, it is absolutely essential that you start the planning for next year’s activity now. Clients wishing to undertake profit extraction strategies in the New Year will need to be educated well in advance. It is likely that the next deadline for commencement of profit extraction strategies will be February 2012 – that may seem a long time away but take my word for it, it is not! As leading Croydon Tax Accountants, it is critical you consider taking action now.

 

Actions required

 

As a result, I would suggest the following actions now:

 

1.      Liaise with your tax expert regarding planning of your activity for 2012

2.      Book in your Introducer session for the first quarter of 2012.

3.      If not already done so, ask to be signed up for our regular tax saving signposts - to be alerted of updates

4.      Register for the upcoming tax education webinars on Higher Rate and Corporation tax saving structures – all are being held before Christmas

 

Warm Regards

 

 

Gordon D'Silva
Business and Tax Expert – Chartered Accountant

London - Wimbledon - Croydon Tax Accountants