stephen-hill logo stephen-hill A4G - Helping to improve and grow your business and personal finances Kings Lodge, London Road, West Kingsdown, Nr Brands Hatch, Kent TN15 6AR Phone: 01474 853 856 Fax: 01474 852 456
Tax Planning, Business Development, Wealth Planning, Profit Improvement, Strategic Planning
Exclusive Free Bulletin from stephen-hill newsletter
Date: 14/02/07 - Issue No: 47
Topical tax tips
HM Revenue and Custom initiatives

Internet shopping is worth more than £8 Billion in the UK and is growing rapidly creating a huge boom in consumer spending. Therefore it is no wonder that EBay has become a more widely used medium for small and medium sized businesses wanting to trade via the Internet.

If you operate your business through EBay then you will still need to comply with the normal business legislation of paying tax and VAT.

It has recently been exposed that HMRC are soon to commence a new plan to obtain all PAY PAL details for regular UK sales users on EBay.

If you would like to find out if you are trading in the correct manner then either contact your client manager or phone our offices on 01474 853 856.


Improve and Grow your business and personal finances

End to exceptional hardship plea.

There are over 6,000 speed cameras throughout the UK, and this figure is set to triple; and around 125,000 people across the UK are close to losing their licences which will in turn cause them to loose their job because of it. Have you ever thought about how your business would suffer if you were banned from driving?       

            

The latest legislation, which will come into force on 27th February 2007, is the increase in fines from £30 to £60 and 3 penalty points on your licence if you are caught using your mobile phone. If you are an employer you can also be prosecuted if you require employees to make or receive calls whilst driving.

Previously, a driver could plead ‘exceptional hardship’ hoping that a fine would be issued instead of the ban. However please be aware that under new guidance from the Magistrates’ Association, it will now be much harder to avoid a driving ban, even if it would cause substantial problems for you, your family and your business.


 

Quote of the week

"If you want truly to understand something, try to change it. "

Kurt Lewin


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