香港六合彩

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可是我又想起了风爷来之前说的那段话,香港六合彩怎么会有这种联想的,真令我不寒而栗.

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香港六合彩

  1. 1. Top tax tips 2006 Top FAQ’s! <ul><li>Why do I pay so much tax? How can I minimise what I pay? </li></ul><ul><li>There are special VAT schemes for small businesses – would these help me? </li></ul><ul><li>I own two residential properties – how can I save Capital Gains Tax when I sell one or both of them? </li></ul><ul><li>I want to pass on my wealth to my children and grandchildren – not the taxman. What can I do? </li></ul><ul><li>I am buying a commercial building – the seller is charging me VAT – can I claim the VAT back? </li></ul><ul><li>I am a “service” business and my business shows year end “work in progress” on its balance sheet. I have heard that there are some changes coming this year. What are these and what should I do? </li></ul><ul><li>What tax credits and tax breaks are available for me and my staff? </li></ul><ul><li>A “friend” had an HMRC PAYE compliance visit. It cost him a lot of money. How can I stop this happening to me? </li></ul><ul><li>A “friend” had an HMRC investigation into his business and it cost him substantial extra tax and expensive accountancy fees. How can I avoid this? </li></ul>
  2. 2. Top tax tips 2006 <ul><li>Why do I pay so much tax? How can I minimise what I pay? </li></ul><ul><li>Suggestions: </li></ul><ul><ul><ul><li>Personal allowances and basic rate tax bands – use these up for both you and your spouse </li></ul></ul></ul><ul><ul><ul><li>If you are self employed – think about using a limited company </li></ul></ul></ul><ul><ul><ul><li>Pay dividends rather than salary </li></ul></ul></ul><ul><ul><ul><li>If you have lent money to your family company, consider paying interest (to yourself) on these borrowings. No national insurance is payable </li></ul></ul></ul><ul><ul><ul><li>Personal borrowings – make sure that interest paid on these is tax deductible If you are self employed or in partnership and have a year end other than 31 March / 5 April, you may have some pre 1997 overlap relief to use up </li></ul></ul></ul><ul><ul><ul><li>Maximise claims to capital allowances – including [a] short life asset claims and [b] claims on plant & equipment in commercial buildings </li></ul></ul></ul><ul><ul><ul><li>Consider some non taxable benefits for directors and staff </li></ul></ul></ul>
  3. 3. Top tax tips 2006 <ul><li>There are special VAT schemes for small businesses – would these help me? </li></ul><ul><li>Suggestions: </li></ul><ul><ul><ul><li>Flat rate scheme – sales turnover limit of £150,000pa </li></ul></ul></ul><ul><ul><ul><li>Cash accounting scheme – VAT paid on cash received and paid out – sales turnover limit currently £ 660,000 pa </li></ul></ul></ul><ul><ul><ul><li>Annual accounting scheme – sales turnover limit currently £ 1,350,000 pa </li></ul></ul></ul>
  4. 4. Top tax tips 2006 <ul><li>3 I own two residential properties - how can I save Capital Gains Tax when I sell one or both of them? </li></ul><ul><li>Answers: </li></ul><ul><ul><ul><li>Consider living in both properties at some time during your ownership, to maximise the use of your CGT principal private residence (“PPR”) election </li></ul></ul></ul><ul><ul><ul><li>Make the PPR election within two years of purchase / availability (to live in) of the second property </li></ul></ul></ul><ul><ul><ul><li>Use the let property exemption if you can </li></ul></ul></ul><ul><ul><ul><li>If all else fails, make sure you sell in joint names of both spouses </li></ul></ul></ul>
  5. 5. Top tax tips 2006 <ul><li>4 I want to pass on my wealth to my children and grandchildren – not the taxman. What can I do? </li></ul><ul><li>Suggestions: </li></ul><ul><ul><ul><li>Don’t die without having an up to date will </li></ul></ul></ul><ul><ul><ul><li>Use up the nil rate band for the first spouse to die </li></ul></ul></ul><ul><ul><ul><li>Use a “nil rate band” discretionary trust if you have insufficient cash assets to use up the nil rate band of £285k </li></ul></ul></ul><ul><ul><ul><li>Consider a “civil partnership” if you are in a same sex relationship, or get married </li></ul></ul></ul><ul><ul><ul><li>Give away assets and survive 7 years </li></ul></ul></ul><ul><ul><ul><li>Do NOT give away assets and retain the “benefit” – these gifts will be ineffective for IHT purposes – and will be treated as “GWR’s”, (gifts with reservation of benefit) </li></ul></ul></ul><ul><ul><ul><li>Business property relief (at 100% and 50%) and agricultural property relief (at 100% and 50%) – try and use these up – if available </li></ul></ul></ul><ul><ul><ul><li>Beware of the “POAT”, (pre owned assets tax). This is a “new” income tax, charged on assets given away that might escape an IHT charge. This tax comes into force for 2005/2006 </li></ul></ul></ul><ul><ul><ul><li>Avoid IHT planning on your private residence unless absolutely necessary </li></ul></ul></ul>
  6. 6. Top tax tips 2006 <ul><li>5 I am buying a commercial building – the seller is charging me VAT – can I claim the VAT back? </li></ul><ul><li>Answers: </li></ul><ul><ul><ul><li>Yes, if you are making VAT standard or zero rated sales </li></ul></ul></ul><ul><ul><ul><li>If you are not VAT registered or you are making VAT exempt sales, then the answer may well be “no” </li></ul></ul></ul><ul><ul><ul><li>If the former, you can get the VAT back, but you may have to “VAT opt” the building </li></ul></ul></ul><ul><ul><ul><li>VAT opting is irrevocable (it lasts for 20 years) and the consequences are: </li></ul></ul></ul><ul><ul><ul><ul><li>You can recover input VAT on purchase </li></ul></ul></ul></ul><ul><ul><ul><ul><li>You must charge VAT on rents received and any recharges such as insurance </li></ul></ul></ul></ul><ul><ul><ul><ul><li>You must charge VAT on the sale of the building in most circumstances </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Any subsequent change of use – for charitable or non business usage – can result in a clawback of input VAT </li></ul></ul></ul></ul>
  7. 7. Top tax tips 2006 <ul><li>6 My business provides services and shows year end work in progress on its balance sheet. I have heard that there are some changes coming this year. What are these and what should I do? </li></ul><ul><li>Answers: </li></ul><ul><ul><ul><li>The changes apply to year ends after 30 June 2005 </li></ul></ul></ul><ul><ul><ul><li>WIP (work in progress) should now recognise the right to revenue over the life of a contract – involving a recognition of profits earlier </li></ul></ul></ul><ul><ul><ul><li>Large tax catch up charge may arise </li></ul></ul></ul><ul><ul><ul><li>This would normally increase the tax payable for 2005/2006 </li></ul></ul></ul><ul><ul><ul><li>However, there will be a “spreading” concession over three to six years – detailed legislation to come in this year’s Finance Bill / Act </li></ul></ul></ul><ul><ul><ul><li>Revise your billing and cash collection arrangements – to help finance the additional tax due </li></ul></ul></ul>
  8. 8. Top tax tips 2006 <ul><li>7 What tax credits and tax breaks are available for me and my staff? </li></ul><ul><li>Suggestions: </li></ul><ul><ul><ul><li>Provision of qualifying childcare of up to £55pw can be tax free </li></ul></ul></ul><ul><ul><ul><li>Take up entitlement to child tax credit (CTC) and working tax credit (WTC) </li></ul></ul></ul><ul><ul><ul><li>Take up the child trust fund entitlement for new born children </li></ul></ul></ul><ul><ul><ul><li>Pay the maximum tax free mileage rate (of 40p per business mile) </li></ul></ul></ul><ul><ul><ul><li>Pay pension contributions to staff pension plans rather than staff paying contributions out of taxed income </li></ul></ul></ul>
  9. 9. Top tax tips 2006 <ul><li>8 A “friend” had an HMRC PAYE compliance visit. It cost him a lot of money. How can I stop this happening to me? </li></ul><ul><li>If you have a PAYE scheme, you will get a visit sooner or later, so prepare now …… </li></ul><ul><ul><ul><li>Consider the tax status of freelancers – are they really self employed? If not, you, as employer, could be liable for the unpaid PAYE/NIC </li></ul></ul></ul><ul><ul><ul><li>Have you got signed forms P46 for all your low paid and casual staff? If not, organise this now </li></ul></ul></ul><ul><ul><ul><li>Do you properly report taxable staff entertaining? Business meetings and “entertaining” for staff are a favourite target </li></ul></ul></ul><ul><ul><ul><li>Mobile phones – the contracts should ideally be in the employer’s name to avoid any benefit in kind issues </li></ul></ul></ul><ul><ul><ul><li>For company cars, do you keep mileage logs to ensure that ONLY business fuel is reimbursed? </li></ul></ul></ul><ul><ul><ul><li>Are car benefits and van benefits accurately reported? Pool cars and vehicles with no private use will be open to challenge </li></ul></ul></ul><ul><ul><ul><li>Have you paid Class 1A NIC at 12.8% on taxable benefits in kind? </li></ul></ul></ul><ul><ul><ul><li>Report changes in company cars at the end of each calendar quarter – using the form P46(car) </li></ul></ul></ul><ul><ul><ul><li>Do you comply with the national minimum wage? </li></ul></ul></ul><ul><ul><ul><li>If you are a builder, make sure you are ready for the “new” CIS scheme in April 2007 </li></ul></ul></ul><ul><ul><ul><li>Is fuel for private motoring for a company car still viable? </li></ul></ul></ul><ul><ul><ul><li>Be ready for the revised company van rules from April 2007 </li></ul></ul></ul><ul><ul><ul><li>HMRC can go “back” for up to 6 years </li></ul></ul></ul>
  10. 10. Top tax tips 2006 <ul><li>9 A “friend” had an HMRC investigation into his business and it cost him substantial extra tax and expensive accountancy fees. How can I avoid this? </li></ul><ul><li>Suggestions: </li></ul><ul><ul><ul><li>Keep good and accurate records </li></ul></ul></ul><ul><ul><ul><li>Can you demonstrate that you have enough CASH drawings to live on? </li></ul></ul></ul><ul><ul><ul><li>Keep accurate records of cash receipts and takings – till rolls, etc., can provide you with valuable evidence – or not…… </li></ul></ul></ul><ul><ul><ul><li>Do your payments for supplies tally with your sales? </li></ul></ul></ul><ul><ul><ul><li>HMRC have access to information from all sorts of different sources – which you may not be aware of – including anonymous tip offs…… </li></ul></ul></ul><ul><ul><ul><li>Is your gross profit % in line with industry norms? Don’t stand out from the crowd…… </li></ul></ul></ul><ul><ul><ul><li>Are your private use proportions fair and reasonable and supportable? </li></ul></ul></ul><ul><ul><ul><li>File your returns on time </li></ul></ul></ul><ul><ul><ul><li>Take out professional fees insurance to cover your accountancy and legal costs </li></ul></ul></ul><ul><ul><ul><li>HMRC can go “back” for up to 6 years </li></ul></ul></ul>

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