Irish Finance Minister Donohoe criticises OECD’s global minimum corporate tax rate

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Irish Finance Minister Donohoe criticises OECD’s global minimum corporate tax rate

Friday, April 23, 2021

On Tuesday, Finance Minister of Ireland Paschal Donohoe criticised talks co-ordinated by the Organisation for Economic Co-operation and Development (OECD) for a global minimum corporate tax rate, arguing smaller countries like Ireland “need to be able to use tax policy as a legitimate lever to compensate for the real, material and persistent advantage enjoyed by larger countries”.

Speaking to virtual attendees at a virtual seminar about international tax, Donohoe said any deal must “accommodate Ireland’s 12.5% rate”. This 12.5% rate benefits large corporations including Apple, Google and Facebook which account for one in eight jobs in the country. According to CNBC, corporate tax receipts in Ireland totalled €11.8 billion in 2020, and the Department of Finance has projected, according to The Irish Times that figure increase from €11.6 billion in 2021 to €12.5 billion by 2025.

Donohoe also said Ireland’s low taxes serve as an incentive to attract jobs and investment, saying while he supported an agreement with “appropriate and acceptable tax competition”, it must be lower than the 21% proposed by the United States.

Donohoe said nations should recognise the low tax rates present in Ireland and other small countries, citing “advantages of scale, location, resources, industrial heritage” present in larger ones. Defending his own long-established rate, Donohoe said a 12.5% rate is “within the ambit of healthy tax competition” as a rate which “stimulate[s] investment, growth and innovation, which are core to Ireland’s industrial policy”. According to The Guardian, current proposals would shrink Ireland’s corporate tax base by 20%; and tax receipts to be €2 billon lower than it would otherwise be in 2025, per Irish Department of Finance.

Brian Keegan, the director of public policy at Chartered Accountants Ireland said it was “not tax change, it’s political change”. Head of tax for the OECD Pascal Saint-Amans said “there is a new dynamic that is likely to bring us to a resolution”, and the US’ willingness to address expressed concerns simplifies an admittedly-complex blueprint.

A spokesperson for the Irish Department of Finance told CNBC on Monday “political level discussions on these issues have not yet taken place”.

The Guardian reported many companies in Ireland pay less on revenues as compared to other countries; with Apple paying as little as 0.005% in 2014. A European Commission ruling in 2016 ordered Apple to pay €13 billion it owed back taxes to the Government of Ireland ; it was struck down in July on the grounds “[t]he commission did not succeed in showing to the requisite legal standard that there was an advantage.”

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Benefits Of Using Fireplace Inserts

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Using a fireplace can help cut heating costs in the winter, and it’s nice to be able to sit in front of the fireplace and enjoy the warmth and the view of the flames. However, a regular fireplace isn’t that energy efficient and can take a lot of work to maintain. It’s sometimes a better option to purchase Fireplace Inserts for a home’s fireplaces from a company such as Thefireplaceguys.com.

Less Expensive Than a New Fireplace

Old fireplaces are only about 5 to 10 percent efficient and can be dangerous if not properly maintained. In some cases, the only safe way to use a fireplace is to replace it or get an insert. Inserts are much more affordable than totally redoing the fireplace and chimney.

Choose Fuel Type

Depending on the type of insert a person chooses, they can use wood, pellets, propane, coal, or natural gas as fuel. Gas will quickly heat up any room, but wood or pellets are more environmentally-friendly options. Wood burning inserts can be used even if the power goes out, which isn’t the case with other types of inserts, but then a person needs to deal with hauling wood. Gas and propane inserts have the least maintenance, as they don’t need to regularly be cleaned or have the ashes removed. For the least emissions, choose an EPA-certified wood burning insert, which has almost zero emissions.

More Efficient

Putting Fireplace Inserts into the fireplaces of a home can increase their efficiency by over 40 percent, depending on the type of insert chosen. They get rid of down drafts that can cause cold air to enter a home and add insulation to the home, so they help decrease heating and cooling costs even when they’re not in use. Because of the improved design of an insert over a fireplace, they also allow a room to be heated up to three times longer with the same amount of fuel.

Many Styles to Choose From

There are a number of different styles of inserts, making it so a person can choose the one that best suits the style of the room where it will be placed. This means the fireplace will be an attractive part of the home and enhance the look of the room instead of detracting from it.

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Zambian President Edgar Lungu to undergo treatment abroad after collapse

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Zambian President Edgar Lungu to undergo treatment abroad after collapse

Tuesday, March 10, 2015

Edgar Lungu, the current President of Zambia, is to undergo medical treatment aboard after collapsing while on stage in Lusaka on Sunday during a ceremony for International Women’s Day. The Presidency announced yesterday that Lungu will have throat surgery abroad.

Doctors on Sunday diagnosed him with malaria. Lungu spoke to the press from hospital on Sunday saying “I am looking forward to going home. Doctors have done their tests and they have found traces of malaria, but they are doing further tests and they will let me know what next after before the end of the day”.

A later announcement identified his condition instead as a narrowing of the oesophagus, which he had previously received treatment for three decades ago. Despite not announcing where Lungu would head to be treated the Presidency did say he would undergo a “high-tech medical procedure which is currently unavailable in Zambia”.

Lungu, who only became the Zambian President in January, has previously dispelled rumours of his health. During the election he fought back against comments about his health calling it a “smear” campaign against him.

Some in Zambia have claimed the presidency is “jinxed”. Lungu’s predecessor Michael Sata died in October of last year at the age of 77 in London, England. Sata died only six years after serving President Levy Mwanawasa died following a stroke.

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Stanford physicists print smallest-ever letters ‘SU’ at subatomic level of 1.5 nanometres tall

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Stanford physicists print smallest-ever letters ‘SU’ at subatomic level of 1.5 nanometres tall

Wednesday, February 4, 2009

A new historic physics record has been set by scientists for exceedingly small writing, opening a new door to computing‘s future. Stanford University physicists have claimed to have written the letters “SU” at sub-atomic size.

Graduate students Christopher Moon, Laila Mattos, Brian Foster and Gabriel Zeltzer, under the direction of assistant professor of physics Hari Manoharan, have produced the world’s smallest lettering, which is approximately 1.5 nanometres tall, using a molecular projector, called Scanning Tunneling Microscope (STM) to push individual carbon monoxide molecules on a copper or silver sheet surface, based on interference of electron energy states.

A nanometre (Greek: ?????, nanos, dwarf; ?????, metr?, count) is a unit of length in the metric system, equal to one billionth of a metre (i.e., 10-9 m or one millionth of a millimetre), and also equals ten Ångström, an internationally recognized non-SI unit of length. It is often associated with the field of nanotechnology.

“We miniaturised their size so drastically that we ended up with the smallest writing in history,” said Manoharan. “S” and “U,” the two letters in honor of their employer have been reduced so tiny in nanoimprint that if used to print out 32 volumes of an Encyclopedia, 2,000 times, the contents would easily fit on a pinhead.

In the world of downsizing, nanoscribes Manoharan and Moon have proven that information, if reduced in size smaller than an atom, can be stored in more compact form than previously thought. In computing jargon, small sizing results to greater speed and better computer data storage.

“Writing really small has a long history. We wondered: What are the limits? How far can you go? Because materials are made of atoms, it was always believed that if you continue scaling down, you’d end up at that fundamental limit. You’d hit a wall,” said Manoharan.

In writing the letters, the Stanford team utilized an electron‘s unique feature of “pinball table for electrons” — its ability to bounce between different quantum states. In the vibration-proof basement lab of Stanford’s Varian Physics Building, the physicists used a Scanning tunneling microscope in encoding the “S” and “U” within the patterns formed by the electron’s activity, called wave function, arranging carbon monoxide molecules in a very specific pattern on a copper or silver sheet surface.

“Imagine [the copper as] a very shallow pool of water into which we put some rocks [the carbon monoxide molecules]. The water waves scatter and interfere off the rocks, making well defined standing wave patterns,” Manoharan noted. If the “rocks” are placed just right, then the shapes of the waves will form any letters in the alphabet, the researchers said. They used the quantum properties of electrons, rather than photons, as their source of illumination.

According to the study, the atoms were ordered in a circular fashion, with a hole in the middle. A flow of electrons was thereafter fired at the copper support, which resulted into a ripple effect in between the existing atoms. These were pushed aside, and a holographic projection of the letters “SU” became visible in the space between them. “What we did is show that the atom is not the limit — that you can go below that,” Manoharan said.

“It’s difficult to properly express the size of their stacked S and U, but the equivalent would be 0.3 nanometres. This is sufficiently small that you could copy out the Encyclopaedia Britannica on the head of a pin not just once, but thousands of times over,” Manoharan and his nanohologram collaborator Christopher Moon explained.

The team has also shown the salient features of the holographic principle, a property of quantum gravity theories which resolves the black hole information paradox within string theory. They stacked “S” and the “U” – two layers, or pages, of information — within the hologram.

The team stressed their discovery was concentrating electrons in space, in essence, a wire, hoping such a structure could be used to wire together a super-fast quantum computer in the future. In essence, “these electron patterns can act as holograms, that pack information into subatomic spaces, which could one day lead to unlimited information storage,” the study states.

The “Conclusion” of the Stanford article goes as follows:

According to theory, a quantum state can encode any amount of information (at zero temperature), requiring only sufficiently high bandwidth and time in which to read it out. In practice, only recently has progress been made towards encoding several bits into the shapes of bosonic single-photon wave functions, which has applications in quantum key distribution. We have experimentally demonstrated that 35 bits can be permanently encoded into a time-independent fermionic state, and that two such states can be simultaneously prepared in the same area of space. We have simulated hundreds of stacked pairs of random 7 times 5-pixel arrays as well as various ideas for pathological bit patterns, and in every case the information was theoretically encodable. In all experimental attempts, extending down to the subatomic regime, the encoding was successful and the data were retrieved at 100% fidelity. We believe the limitations on bit size are approxlambda/4, but surprisingly the information density can be significantly boosted by using higher-energy electrons and stacking multiple pages holographically. Determining the full theoretical and practical limits of this technique—the trade-offs between information content (the number of pages and bits per page), contrast (the number of measurements required per bit to overcome noise), and the number of atoms in the hologram—will involve further work.Quantum holographic encoding in a two-dimensional electron gas, Christopher R. Moon, Laila S. Mattos, Brian K. Foster, Gabriel Zeltzer & Hari C. Manoharan

The team is not the first to design or print small letters, as attempts have been made since as early as 1960. In December 1959, Nobel Prize-winning physicist Richard Feynman, who delivered his now-legendary lecture entitled “There’s Plenty of Room at the Bottom,” promised new opportunities for those who “thought small.”

Feynman was an American physicist known for the path integral formulation of quantum mechanics, the theory of quantum electrodynamics and the physics of the superfluidity of supercooled liquid helium, as well as work in particle physics (he proposed the parton model).

Feynman offered two challenges at the annual meeting of the American Physical Society, held that year in Caltech, offering a $1000 prize to the first person to solve each of them. Both challenges involved nanotechnology, and the first prize was won by William McLellan, who solved the first. The first problem required someone to build a working electric motor that would fit inside a cube 1/64 inches on each side. McLellan achieved this feat by November 1960 with his 250-microgram 2000-rpm motor consisting of 13 separate parts.

In 1985, the prize for the second challenge was claimed by Stanford Tom Newman, who, working with electrical engineering professor Fabian Pease, used electron lithography. He wrote or engraved the first page of Charles Dickens’ A Tale of Two Cities, at the required scale, on the head of a pin, with a beam of electrons. The main problem he had before he could claim the prize was finding the text after he had written it; the head of the pin was a huge empty space compared with the text inscribed on it. Such small print could only be read with an electron microscope.

In 1989, however, Stanford lost its record, when Donald Eigler and Erhard Schweizer, scientists at IBM’s Almaden Research Center in San Jose were the first to position or manipulate 35 individual atoms of xenon one at a time to form the letters I, B and M using a STM. The atoms were pushed on the surface of the nickel to create letters 5nm tall.

In 1991, Japanese researchers managed to chisel 1.5 nm-tall characters onto a molybdenum disulphide crystal, using the same STM method. Hitachi, at that time, set the record for the smallest microscopic calligraphy ever designed. The Stanford effort failed to surpass the feat, but it, however, introduced a novel technique. Having equaled Hitachi’s record, the Stanford team went a step further. They used a holographic variation on the IBM technique, for instead of fixing the letters onto a support, the new method created them holographically.

In the scientific breakthrough, the Stanford team has now claimed they have written the smallest letters ever – assembled from subatomic-sized bits as small as 0.3 nanometers, or roughly one third of a billionth of a meter. The new super-mini letters created are 40 times smaller than the original effort and more than four times smaller than the IBM initials, states the paper Quantum holographic encoding in a two-dimensional electron gas, published online in the journal Nature Nanotechnology. The new sub-atomic size letters are around a third of the size of the atomic ones created by Eigler and Schweizer at IBM.

A subatomic particle is an elementary or composite particle smaller than an atom. Particle physics and nuclear physics are concerned with the study of these particles, their interactions, and non-atomic matter. Subatomic particles include the atomic constituents electrons, protons, and neutrons. Protons and neutrons are composite particles, consisting of quarks.

“Everyone can look around and see the growing amount of information we deal with on a daily basis. All that knowledge is out there. For society to move forward, we need a better way to process it, and store it more densely,” Manoharan said. “Although these projections are stable — they’ll last as long as none of the carbon dioxide molecules move — this technique is unlikely to revolutionize storage, as it’s currently a bit too challenging to determine and create the appropriate pattern of molecules to create a desired hologram,” the authors cautioned. Nevertheless, they suggest that “the practical limits of both the technique and the data density it enables merit further research.”

In 2000, it was Hari Manoharan, Christopher Lutz and Donald Eigler who first experimentally observed quantum mirage at the IBM Almaden Research Center in San Jose, California. In physics, a quantum mirage is a peculiar result in quantum chaos. Their study in a paper published in Nature, states they demonstrated that the Kondo resonance signature of a magnetic adatom located at one focus of an elliptically shaped quantum corral could be projected to, and made large at the other focus of the corral.

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Bluetongue disease appears in UK for the first time

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Bluetongue disease appears in UK for the first time
January 26th, 2022 in Uncategorized | No Comments

Saturday, September 22, 2007

The first ever case of Bluetongue disease has been reported in the UK. The case involves a cow at a farm near Ipswich, Suffolk.

Bluetongue affects ruminants such as sheep and cows, but is not known to affect humans. It is sometimes fatal, depending on the animals affected, and presently has no treatment. The disease was prevalent in Africa for many years and had since migrated to European nations such as France and Germany, causing officials had feared a UK outbreak in the UK follows recent outbreaks of the disease on the European continent in nations such as France and Germany.

Experts such as microbiology professor Hugh Pennington of Aberdeen University had suspected the disease would eventually spread to the UK.

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Lucero Hogaza Leon

January 26th, 2022 in Music Chart | No Comments

Lucero Hogaza Leon

by

joshadekane1

Lucero Hogaza Leon is actually a Mexican-born singer and celebrity which has sold over 26 albums just in her country, but in the whole world. She started her profession by starring in a TV series entitled Alegrias De Medio and also Chiquilladas with the age of ten exactly where she acted with Carlos Espejel. With her part as Olive Oyl in Popeye, she at a later date come forth as being an international artist.

[youtube]http://www.youtube.com/watch?v=i41qWJ6QjPI[/youtube]

The next year, she starred in the film titled Coqueta together with Pedro Fernandez. All thanks to her lengthy and also shiny hair.After the film role, she starred in her own telenovela entitled Chispita. A year later, she recorded her primary studio album entitled “El” which was made by Sergio Andrade.. Due to her appeal, this made folks pay attention to her music and afterwards purchase her album. In 1985, she released her own album titled Magia. This really is where she acquired her 1st number 1 single titled Fuego y temura, a song written by Prisma. With the song’s teeny-boppy tune, it became popular to each and every teen’s heart. Then, 1989 came and after launching 6 albums and also starring in 5 films, from being credited to as “Lucerito”, she transformed her stage name to “Lucero”. This grew to be a symbol of her growth as being a small child to a full-grown lady. After currently being unseen for quite some time in the television, she made her return performance in a telenovela titled CuandoIlega el Amor. It is in this telenovela where she received an award as the Best Actress on the TVyNovelas Award. Fast-track to 1992, she appeared in a Head & Shoulders advertisement. And in that same year, she released Veleta which is one of her most spectacular singles. Lucero likewise was the lead actress in the telenovela titled Alborada. And yet again, with her sexy voice, she recorded the telenovela’s theme song entitled Quireme Tal Como Soy. The successes in Lucero job are inevitable. But among the issues that Lucero cannot seem to get right is her lovelife right. Last March 2011, Lucero and her then-husband Mijares ended their 4-year marriage. If you are searching for more performances by Lucero, you will definitely love her incoming telenovela which is being released next year. This telenovela is entitled “Por Ella Soy Eva” by which she’s going to star as Helena Moreno. This telenovela also stars Jaime Camil, Marcelo Cordoba and also Mariana Navidad. With Lucero Hogaza determination, not surprising why she is essentially the most noteworthy Mexican personas recognized now.From being a youngster actress to being renamed as Lucero, from having a failed marriage to standing again on her own, she’s certainly an inspiration for all.

Octavio Mercas is a blogger and an passionate Spanish music fan. To view his priceless resources, please click on the following link

descargar canciones gratis MP3

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Lucero Hogaza Leon

Foot-and-mouth source confirmed as research laboratory

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Foot-and-mouth source confirmed as research laboratory
January 22nd, 2022 in Uncategorized | No Comments

Tuesday, August 7, 2007

A report released tonight by the Health and Safety Executive has confirmed that there is a “strong possibility” that the cause of the recent foot-and-mouth outbreak is contamination, most probably by human movement, from a nearby research facility in Guildford, Surrey, UK.

The labs in Pirbright, where both private firm Merial and the governmental Institute for Animal Health operate, have been subject to ongoing investigations since the discovery of a new foot-and-mouth outbreak on Friday. The strain of the disease had already been identified as an O1 BFS67-like virus, which was isolated in a 1967 outbreak and was being used at the labs for research and the production of vaccines. It is not yet known whether the virus escaped from the Merial or the IAH lab.

Since foot-and-mouth was confirmed in cows at a Surrey farm, more than 200 cattle have been culled as a preventative measure. A protection zone has been set up around the affected areas and rules preventing the movement of livestock have been introduced throughout the country, with the aim of stopping further spread of the contagious disease. Restrictions on the import of English beef have already been imposed.

The last outbreak of foot-and-mouth in the UK, in the spring and summer of 2001, resulted in total losses estimated at £8bn. Seven million animals were slaughtered, and tourism was also badly hit.

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Open Rights Group holds first conference in London

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Open Rights Group holds first conference in London
January 21st, 2022 in Uncategorized | No Comments

Sunday, July 25, 2010

London — The Open Rights Group, a pressure group pursuing reform of intellectual property law in the United Kingdom, held its first “ORGCon” yesterday at City University London. Approximately 100 delegates took part in six hours of panel discussions and workshops on a wide range of topics in intellectual property, discussing such subjects as “How To Talk To Your MP” and “ACTA: A Shady Business”, in what ORG billed as a “crash course in digital rights” designed to inspire campaigning on intellectual property issues.

Cory Doctorow, a fiction author and digital rights activist, led the keynote panel discussion “Thriving in the Real Digital Economy”, which opened the conference. Doctorow called for a “reframing” of the digital rights slogan “information wants to be free”. “The most important thing” about digital rights, he noted, “has nothing to do with art. We are refitting the information network with lots of control.” Digital rights management (DRM) technologies, Doctorow warns, build in limitations on how consumers exchange information and “abuse the market”. John Buckman of Magnatune followed up Doctorow’s comments, noting that DRM is “unsustainable” but that the public needed to “pressure companies into” open-source solutions.

A keynote speech by James Boyle compared the current age to the age just before application of the theories of Adam Smith and other early capitalist economists began breaking down the entrenched monopolies of mercantilism. Boyle called on the audience to come up with a “jaw droppingly simple” idea for a reformed copyright system; he gave his speech in front of a projection of the twitterfall as audience members commented on his words.

Boyle, like most of the conference, took a pro-reform but anti-piracy position, saying “It is a tragedy that an entire generation has lost the notion that breaking the law is wrong”. While several members of the Pirate Party UK, wearing matching t-shirts, attended the conference and held a fringe meeting during the last session, none spoke in the keynote sessions either as panelists or in the discussions.

Among the many workshops which comprised the last three hours of the day, Open Rights Group held a session on student groups and committed itself to establishing Open Rights Group Youth societies at universities across the United Kingdom. Young activists, such as Wikipedian Jdforrester, also dominated the “Your Shout” session in which any and all delegates could give three-minute speeches on any intellectual property subject which interested them.

The organisation hopes to host a second ORGCon in 2011.

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Cambridge, Mass., city council recommends construction firm W. R. Grace remain under DEP supervision for asbestos contamination

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Cambridge, Mass., city council recommends construction firm W. R. Grace remain under DEP supervision for asbestos contamination
January 21st, 2022 in Uncategorized | No Comments

Sunday, April 10, 2005

 Correction — May 24, 2008 This article refers to the “US Department of Environmental Protection (DEP)”, though the term “Department of Environmental Protection” actually refers to state agencies, and in this case refers to the Massachusetts Department of Environmental Protection, not a United States federal agency. 

The Cambridge city council adopted a resolution on April 4 to request that the US Department of Environmental Protection (DEP) “take explicit account” of the activities of local construction firm W. R. Grace, which has previously contaminated an industrial area near the Alewife train station with asbestos. The council cited Grace’s “extraordinarily extensive and well-documented history of contaminating sites and concealing the contamination” as the reason for its request.

The resolution was a reaction to a Response Action Outcome Statement and Risk Characterization (RAO) that W. R. Grace filed with the DEP. The Cambridge Chronicle recently took the filing as evidence that “the state seems poised to stop watching over” the contaminated site.

In February, W.R. Grace was indicted by a federal grand jury for contamination as a product of vermiculite mining operations in Libby, Montana, USA. The company was also charged with “concealing information about the health affects [sic] of its asbestos mining operations.”

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5 Tax Saving Tips For Your Company

January 20th, 2022 in Tax Specialist | No Comments

By Jim Haines

Do you want your company to pay less tax this year?

Of course you do. It’s a pretty silly question, right? No company wants to pay more tax than they absolutely have to.

Nevertheless, many companies don’t take advantage of the opportunities that are available. Luckily, with some fairly straightforward tax planning, you can significantly reduce your corporate tax this year.

Here are our five top tips that will help reduce your company’s tax liability this year:

1) Bring Forward Long Put Off Expenditures :

Bring forward that long overdue office repair or redecoration project or that direct marketing campaign you were considering for next year. Any expenditure before the company year end will reduce the current year’s tax liability and lets’ face it, your office will look nicer.

[youtube]http://www.youtube.com/watch?v=xr51zgXWOo4[/youtube]

2) Make The Most Of Your Capital Allowances :

You will certainly save your company some tax by bringing capital expenditures – such as machinery – forward. Some of the bigger savings can be found in the purchase of energy saving technologies and products which qualify for a 100% allowance.

Companies generally receive a 25% allowance on plant and machinery related capital expenses, but SMEs companies get a 40% allowance in their first year. So, if you are a small or medium sized company (as defined by company law), take advantage and make those types of purchases before the end of your first year trading.

Even better, for computers and telephone equipment, you can claim a 100% reduction against your profits in the first year.

The best bet of all is in research and development – a new R&D tax credit means you can claim 150% of what you spend, and if you are a loss-making company you have the option of taking a part of that as an immediate cash payment.

This is a little known and often misunderstood tax credit, but many companies can take advantage of it. Get some advice on what exactly qualifies as research and development first, just to be on the safe side.

3) Re-structure Your Dividends and Bonuses:

Smaller companies – in particular, owner-managed businesses, can save on National Insurance payments by taking dividends rather than paying themselves a salary. On average for a higher rate tax payer, the tax rate will be reduced to around 39% compared to 47%.

4) Minimize Capital Gains Costs:

One of the best ways to minimize capital gains is to reinvest the proceeds of a sale into buying a replacement asset. Be warned, though, that not all assets qualify for relief. Check first before utilizing this tip.

5) Get The Right Receipts

A useful tip is to make certain that your employees ask for VAT receipts whenever they make a purchase on behalf of the company. That will ensure you can claim back the VAT on all purchases that are VAT rated.

If your company reviews it’s tax affairs between two and three months before the end of your financial year, then you can start planning how to effectively and, most of all, legally, minimize your tax liabilities.

About the Author: Jim Haines works for Just Accountants, a UK website that allows companies to get quotes from up to 4 accountants. Visit

Just Accountants

for details.

Source:

isnare.com

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