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News - 27 May 2014

Now you can see where your tax money goes.

If, like many of us, you have ever wondered, where the money goes that you pay in tax, you may not have to wait very much longer for an answer.

In October 2014, 24 million taxpayers will be receiving their first personal tax statement. 

Stuart Coleman, Manager of the Tax Department of ABDS comments:
“HMRC announced this month that this is an increase of four million over the number originally promised in Budget 2012.  These statements will set out how much tax the individual has paid in the previous year and how it contributed to public expenditure. They will not give all the details, but they are a welcome first step to transparency, and we hope to see more in future versions.”

To se an example, click here to go to the HMRC web site


If you need any help and advice with your Tax compliance and planning, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help in all your financial planning and business advice.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients
Mindful of our client’s long term strategic goals

Helping Your Business is Our Business
 

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