| From a business perspective, followers of Gordon Brown’s previous Budget statements will be familiar with a number of recurring themes.
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their bogus wages into her bank accounts.
Janet Davis, 48, a paymaster for the Caledonian Hotel, admitted registering the made-up staff and having the cash paid into two of her accounts.
After tax and National Insurance, she admitted national health insurance scheme
a total of 83,703 between April 2000 and October 2004.
Sentence was deferred until next month at Edinburgh Sheriff Court.
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She showed great remorse throughout the dealings with the police Fiscal Depute Lucy Proctor
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In the elaborate scheme, Davis falsified paperwork, forged signatures and even invented time sheets.
A financial auditor became union national life insurance
when she noticed that 10 different so-called Hilton Group employees were having their wages paid into only two different bank accounts.
She realised that all the signatures were in the same american national insurance co
and that some of the payment forms were incomplete.
“This was highly irregular,” Fiscal Depute Lucy Proctor told Edinburgh Sheriff Court on Tuesday.
“Mrs Davis was asked for an explanation. She could not provide one.”
Family debts
Davis, of Livingston, West Lothian, telephoned the hotel and admitted the scheme. She did not return to work.
“She outlined exactly how she had carried out the fraud and said it had gone on for between four and five years,” Ms Proctor said. “She could not say how much she had obtained and was formally dismissed.
“She freely admitted to police that she has falsified paperwork, made up fictitious employees and time sheets. She showed great remorse throughout the dealings with the police.”
Davis told officers that she had mounted up family debts when her husband was laid off.
The court heard has repaid 1,400 and saved another 2,000 to hand over.
Defence agent Ian Bryce told Sheriff Andrew Lothian that he had ordered a psychiatric report on Davis.
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A lot of people have hobbies, sidelines or freelance work they think won’t be liable to tax - but this is wrong.
If you are buying and selling items on a market stall or sell lots of honey as a beekeeper, you’re carrying out a trading activity and it is liable to tax.
If you are self-employed, you need to register for Schedule D status at your local tax office.
The tax office will want to check that your status is genuine and you are earning your living from a variety of different sources
If more than 80% of your income comes from just one employer, it may well advise you that you are not eligible for Schedule D status and will have to pay tax on the Pay As You Earn system (Schedule E).
Once the Revenue has accepted your Schedule D status, however, you will be able to start counting a proportion of your household costs against your business activities, so if you use a study in your house for work you can start working out how much of your electricity and heating you are using when at work.
Tax returns
The self-employed always have to fill in a tax return as part of self-assessment - the principles of the system are the same for everyone but as a self-employed business person you may also have to fill in extra sections of the tax return.
Tax has to be paid twice a year in instalments every six months under the self-assessment system, known as “payment on account”.
Payments on account have to be made for the tax year before the return for that year is due - so on 31 January in the tax year and by 31 July after the end of the tax year.
You will also be liable to pay National Insurance National insurance institute
and these have to be deducted at regular intervals.
VAT
Whether or not it is worth registering for VAT depends on the turnover of your business activities. Unless your business is likely to have a turnover worth more than 60,000, it is generally not worth it but your local Customs & Excise office can advise on the best course of action.
The most important aspect of liberty national insurance company
and the tax system is that it is imperative to keep good records - never throw away old receipts, invoices or accounts as it is a legal requirement to keep everything relating to the business for a number of years.
The Tax Return (SA100) and the self-employment national insurance recruiter
pages (SA103) will both apply to you - other forms may be relevant, but details of which forms apply are set out on page two of the tax return itself.
If you have any queries about your tax status, you should contact a national insurance contribution tax adviser or the Inland Revenue.
The opinions expressed are those of the author and are not held by the BBC unless specifically stated. The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.
| An Edinburgh hotel cashier who paid herself more than 108,590 after inventing 10 fake employees to embezzle their wages has been jailed.
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Shadow Chancellor George Osborne said VAT, income tax and National Insurance were too complex and create too much paperwork for businesses.
The Tories have asked accountancy firm Grant Thornton to look at aligning the administration of NI and income tax.
But he was accused by the government of offering an unfunded “wish list of tax cuts” to the party’s right-wing.
‘Needless complexity’
Mr Osborne told an audience of businesspeople in London the Conservatives would try to reduce the tax burden on small businesses, in return for them encouraging more flexible working.
Raising NI and income tax contributions using different systems, and over different periods, was causing “needless complexity and administrative federal flood insurance national program
“, he said.
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Fidelity national insurance company the Byzantine intricacies of VAT administration will make a real difference to small businesses all over the country George Osborne
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The Conservatives are looking at aligning the charge period to ease the “regulatory burden”.
Grant Thornton will also review the documentation, information and administration required for VAT.
“Streamlining the Byzantine intricacies of VAT administration will make a real difference to small businesses all over the country,” he said.
‘Come clean’
He also questioned the value of tax relief on investment announced in the last Budget, saying some companies would not be eligible, while others would need to hire expensive tax advisers to make claims.
“The Conservative Party will continue to oppose the american national insurance company
latest tax rise for small businesses. We are fighting this measure every step of the way in Parliament,” he said.
But Chief Secretary to the Treasury Stephen Timms said Mr Osborne should “come clean” about his plans and spell out how he plans to pay for his pledges.
He added: “After caving in on grammar schools, David Cameron and George Osborne are now promising the Tory right a wish-list of tax cuts - without any idea how to fund them.
“If they ever got the chance to implement these uncosted, up-front tax pledges, the result would be a return to boom and bust in our economy.”
| Almost three years after Cath Nutley’s son James disappeared on a golfing trip, she insists he is still alive.
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| Many more schools than previously thought could be forced to lay off teachers as a result of a funding crisis, a survey suggests.
A shortfall in cash for this financial year has led some schools in England to close teaching posts and other support staff positions, such as teaching assistants.
Now research by the Press American national insurance co Head teachers have put the crisis down to insufficient funding for higher teachers’ wages, National Insurance and pension contributions.
In response to the problem, Education Secretary Charles Clarke announced in July he would give schools 800m from the national insurance institute
But the PA survey of 36 LEAs in England suggests over 500 schools would be forced to set deficit budgets next year.
A total of 304 teacher jobs were lost in these authorities, through a security national insurance The LEAs also lost 165 support staff, including teaching assistants. If these figures were representative of the remaining 114 authorities in England, schools would have lost some 1,260 teachers in 2003. By contrast, Mr Clarke has said that around 270 teaching posts have been lost. Eleven authorities said more teacher job cuts were either fairly or very likely.
The LEAs indicated that 329 primary, 167 secondary, 16 special and ‘Inaccurate’ A spokesperson for the Department for Education dismissed the survey as inaccurate and unreliable. Mr Clarke would be giving details of new funding arrangements in the autumn, the spokesperson said. “We fully acknowledge the difficulties that some schools have faced and the measures we have introduced for the next two years are the right basis for tackling the situation. “We will continue to work with schools and LEAs to ensure the situation is improved in the future.” But Shadow Education Secretary Damian Green was sceptical about the government’s power to rectify the problem. “The prospect of money next year will not compensate for the pain schools are feeling today,” said Mr Green. “Charles Clarke was far too slow to react to this crisis, which we now know is even worse than previously thought.” Heads’ concerns David Hart, general secretary of the National Association of Head Teachers said the survey backed up what head teachers had been telling him.
“These figures very much chime with
“The crucial issue is whether Charles Clarke is going to come up with Martin Ward, deputy general secretary of the Secondary Heads Association said it was too early to say whether Charles Clarke had done enough to stave off the problem.
“The sorts of steps he has taken in principle are adequate - provided there
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| In the popular imagination, catering at English public schools revolves around the spartan pleasures of boiled cabbage, steamed pudding and the occasional tuckshop blowout.
But now Charterhouse, one of the country’s most venerable and expensive schools, has enlisted corporate behemoth Starbucks to provide its pupils with lattes, espressos and mocha coconut frappuccinos. Charterhouse is paying Starbucks a licensing fee for equipment and materials, and will sell its coffees - at discount prices - in a planned new “social area” at the school. For British schools, whether state-run or fee-paying, alliances with companies are an increasing part of making ends meet.
And Starbucks, best-known for its century national insurance company Boarding bounce These are generally good times for public schools such as Charterhouse. Boarding - which can cost 20,000 and more a year - nearly became extinct a decade ago, but has enjoyed a dramatic resurgence in recent years.
But at the same time, says David Woodhead, national director of the Independent Schools Council Information Service (ISCis), which represents 1,300 private schools, commercial pressures have also increased. Costs are rising sharply, especially in terms of salaries, National Insurance and pensions. This means that school managers are ever more concerned that services like tuckshops pay their way - or even bring in extra revenue. And at the same time, competition means schools need to provide more in the way of creature comforts. “The most striking feature of the boarding sector is the huge improvement in the standard of student facilities,” Mr Woodhead says. “Schools have to run themselves in an increasingly businesslike fashion.” Rising Starbucks For Starbucks, meanwhile, this kind of deal is an easy way of extending its franchise.
The company has a division which markets its brand and products to clarendon national insurance company Last year, that division - which includes other forms of licensing activity - accounted for 15% of the company’s turnover. The Charterhouse deal is the first of its kind among public schools, Mr Woodhead believes. But in certain parts of the state sector, schools are being encouraged to bring in private companies, either for sponsorship or to provide services.
Swiss foods giant Nestle and McDonald’s have been national life and accident insurance co
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Schools in England are being promised a minimum cash increase of 4% for the next financial year. The increase assumes their costs will rise by 3.4%. The announcement - with an emergency 120m to balance budgets - is meant to draw a line under the mistake this year which saw many schools go into the red. Education unions and local government leaders say its success will depend crucially on this year’s pay settlement for teachers, due next month.
The Education Secretary, Charles Clarke, said in a statement to MPs that the proposals were designed to restore confidence in the school funding system.
If pupil numbers declined, it would get more than 4%, to help cover fixed costs such as cleaning and heating.
“A 4% guarantee for the next two years is a very long way from that.”
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