22 August 2007
Proposed new late filing penalties
These proposals will apply to all companies in the UK, and to LLPs (but through separate regulations).
Angus Nicolson
21 August 2007
Holiday pay
From 1 October 2007, the statutory minimum annual holiday entitlement will rise from 4 weeks (20 days for those working a 5 day week) to 4.8 weeks (24 days).
Angus Nicolson
17 August 2007
Fishing boats and fishing licences
The sale of a fishing boat is zero rated so long as the vessel is: Has a gross tonnage of over 15 tons, and is neither designed nor adapted for recreational or pleasure purposes
Angus Nicolson
6 August 2007
Family controlled companies
For Geoff and Diana Jones and their company Arctic Systems, the long-running battle with the taxman over how the couple advantageously split the spoils of the business is over.
Angus Nicolson
6 August 2007
VAT Penalties
In the past, if the honest tax payer made an error in excess of £1m VAT, or an amount which represented 30% or more of the correct tax for the return period, they were liable to a misdeclaration penalty. The taxpayer was automatically exculpated in full if they voluntarily disclosed the error to HMRC or if they had a ‘reasonable excuse’.
Angus Nicolson
29 June 2007
Bus Service Operators’ Grant
The completion of these forms is quite straight forward, if you gather together all the necessary paperwork, and plan a bit in advance.
Angus Nicolson
10 May 2007
Residential Renovations and VAT
Nicolson, Chartered Accountants, are reminding those who are renovating houses that they may be eligible to have building works charged at 5%, rather than the full 17.5% rate.
Angus Nicolson
26 February 2007
New CIS scheme – contractors need support
Nicolson, Chartered Accountants, are leading the way in providing support to businesses needing assistance with the new CIS scheme.
Angus Nicolson
2 February 2007
Hits pass the 100,000 mark
Nicolson, Chartered Accountants, are celebrating the success of their website with hits passing the 100,000 per annum mark.
Angus Nicolson
14 September 2006
New premises
As you may have heard, we will shortly be moving to new premises at 49-50 Bayhead, Stornoway. These premises were formerly the Kitchen Centre, and are being redesigned to our needs.
Angus Nicolson
14 August 2006
Smokers beware
The European Union have recently confirmed that employers can refuse to employ smokers without being guilty of discrimination.
Angus Nicolson
12 June 2006
Scam alert – International Business & Trade Database
Many businesses will have received an invoice from the “International Business & Trade Database” – this is not worth the paper it is printed on, and we recommend that you throw it in the bin.
Angus Nicolson
13 May 2006
Holiday arrangements
We will be away on holiday for the two weeks 15- 30 May 2006.Whilst we sun ourselves on the beaches of Greece, you can phone the office and find out how to reach us in emergencies. And we do mean real emergencies 🙂
Angus Nicolson
13 December 2005
Chancellor abolishes zero-rate band for Corporation Tax
In his recent pre-Budget report, the Chancellor, Gordon Brown, signaled the abolition of the zero-rate band for Corporation Tax. Previously the first £10,000 of profits were effectively tax-free, now they face a tax charge of 19%.
Angus Nicolson
1 December 2005
Christmas and New Year holidays
The office will be officially closed between Friday 23rd December and Wednesday 4th January 2006, inclusive.However, we will be in between those times to deal with mail, payrolls and pressing issues, and you can phone the office and take pot luck on catching us. Probable hours are 11am to 3pm.
Angus Nicolson
1 December 2005
Prestigious client win
Stornoway Port Authority have announced that Nicolson, Chartered Accountants have been appointed as their auditors with effect from the year ended 31 December 2005.
Angus Nicolson
18 July 2005
Is it a car? Is it a van?
The rules for taxation of cars and vans have been set for some time, but with the merger of Customs and the Inland Revenue, they have been clarified in an attempt to bring more vehicles within the charge to tax, and to reduce the number of vehicles where input VAT can be recovered.
Angus Nicolson
4 April 2005
Nicolson, CA, unveil unique tax investigation insurance scheme
A firm of Stornoway Chartered Accountants has launched the first ever scheme to provide tax investigation insurance to all its clients.
Angus Nicolson
9 February 2005
Annual holidays
We are away on annual family holiday from Monday 12 September to Monday 27th September, inclusive.
Angus Nicolson
4 January 2005
European decision will cost island business plenty
Western Isles businesses are expected to pay an extra 16p per litre of petrol used by employees as a result of a case won by the European Commission in the European Court of Justice in March 2005. In essence, the decision will no longer allow employers to reclaim VAT on the fuel element of mileage allowances paid to employees.
