UK 200 Client Newsletter - Summer 2013

Welcome to our summer newsletter

The issue of overdrawn directors’ current accounts is our lead article where we consider the changes which were announced in the Budget. It is important to ensure these overdrawn amounts are cleared properly.

The Government has announced a new scheme for tax free childcare for working families. We consider the scheme and the circumstances when it will be available.

Many owner managers provide guarantees to institutions for loans made to their companies. We report on a tribunal decision which considered whether tax relief is available when the guarantee has to be honoured.

With Real Time Information procedures now in force for the majority of employers our article looks at what happens if an employer fails to meet their obligations to file a return or pay on time.

Along with news on the restructuring of the State Pension, plans to introduce a £2,000 National Insurance employment allowance and an article considering how best to provide benefits for directors and employees, we are sure you will find something of interest.

Please contact us if you have any questions regarding any of the articles we have included in our newsletter or if you would like further information on a topic we have not covered. Your views are always important to us and we would welcome your feedback.

Future business boosts

Loan attack

Contribution to childcare costs

State Pension - the next phase

A package of benefits

Timely or costly?

Guaranteeing relief