News
Headlines
>>19 February 2010 - New Car Registration Plate
>>08 February 2010 - MAXIMISE YOUR TAX RELIEF
>>01 February 2010 - New Notice Accounts from Close Savings
>>27 January 2010 - Braemar Finance Director retiring.
>>20 November 2009 - Close Treasury
>>20 November 2009 - Future H M Revenue & Customs Dates for Your Diary
>>30 October 2009 - Consumer Credit Licence Application
>>15 September 2009 - New Anti - Money Laundering Registration from the OFT
Articles
New Car Registration Plate
With March just around the corner it brings with it the brand new 10 registration plate.
With many vehicles being offered at a discounted price, now is as good a time as any to purchase a new vehicle.
Have your finance pre-approved by us and in place prior to visiting the car dealer. This will give you more leverage and may put you in a stronger position for negotiation.
Whether you are acquiring a car through your business or as an individual, Braemar can arrange outright purchase options. Finance approval is quick and easy to arrange, so please get in touch.
Call us on 01563 852100 or email info@braemarfinance.co.uk
MAXIMISE YOUR TAX RELIEF
Annual Investment Allowance (AIA)
With the end of another tax year fast approaching, now is the time to take full advantage of your Annual Investment Allowance (AIA) on capital purchases.
The AIA was introduced in April 2008, and allows up to the first £50,000 of capital expenditure to be eligible for 100% tax relief in the tax year of purchase.
Each tax year, a new £50,000 allowance is available, however you will be unable to carry over any unused allowances from the previous year. This allowance currently continues annually until the government announces a cessation date.
As with any Government scheme, it is complex, and your Braemar Area Manager is available to discuss your individual circumstances in more detail, so please contact us without delay.
Call us on 01563 852100
Or email us on info@braemarfinance.co.uk
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New Notice Accounts from Close Savings
Braemar Finance as part of Close Brothers Group plc are delighted to announce that from Monday 1st February, Close Brothers have announced new notice accounts paying competitive rates of interest will be available:
A choice of two new notice deposit accounts:
90 day notice account at 2.85% A.E.R. (2.82% Gross P.A.)
120 day notice account at 2.95% A.E.R. (2.92% Gross P.A.)
Where rates are quoted Gross P.A. this means Gross Per Annum before the deduction of income tax. A.E.R. stands for Annual Equivalent Rate and illustrates the annual rate of return assuming interest is paid and compounded once each year.
To find out more information about the exciting new product offers, please visit website www.closesavings.co.uk/notice where you can download an application form and customer agreement. Terms and conditions apply.
Braemar Finance Director retiring.
Braemar Finance wish to announce that one of our Directors Marsden Claughton will be retiring on 31st January 2010.
Braemar has been an integral part of Marsden's life for the last 16 years and he has had a fundamental role in the development of the company.
Marsden will be handing over his area and clients to Phil Walton. Phil has been with Braemar for the last 3 years therefore the transition will be seamless.
Phil is based in Sheffield and his contact details are:
Office: 0114 263 0942
Mobile: 07825 547336
Email: pwalton@braemarfinance.co.uk
Braemar head office is 01563 852100.
Everyone at Braemar would like to take this opportunity to thank Marsden for all his help and support over the years and we are confident that he will enjoy a long and happy retirement.
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Close Treasury
As Part of the Close Brothers Group plc, Braemar wish to allow all visitors to our website the opportunity to take advantage of the offers that Close Treasury make available for both business and personal purposes. These change on a regular basis as the offers vary depending on the altering economic environment.
To see the latest offers please follow the links below.
www.closetreasury.co.uk - Corporate and Business deposits
www.closesavings.co.uk - Retail deposits
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Future H M Revenue & Customs Dates for Your Diary
31 January 2010
Deadline for Tax Return for 2008/09 to be submitted electronically to H M Revenue & Customs
• Payment of balance of Income Tax for 2008/09
• Payment of Capital Gains Tax for 2008/09
• 1st Payment on account of Income Tax for 2009/10 (normally half of the total 2008/09 liability)
28 February 2010
5% surcharge on balance of 2008/09 tax due 31 January 2010 still unpaid
5 April 2010
End of 2009/10 tax year
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Consumer Credit Licence Application
Applicable fees
If you are considering introducing our 0% Patient Finance Facility within your practice, you will need to apply for a Consumer Credit Licence, from The Office of Fair Trading.
Braemar will guide you through the required steps, resulting in you being authorised to pass credit applications to us on behalf of your patients. By providing this service, not only will you enhance your practice cash flow, you will be offering an additional value added service to your patients.
The Office of Fair Trading will currently charge you the following:
Sole Trader £480.00
Partnership / Ltd Company £970.00
The Consumer Credit Act 1974 requires most businesses that offer credit or lend money to consumers to be licensed by the OFT (Office of Fair Trading). This includes where credit is arranged to finance the purchase of goods or services. Licensing arrangements may also be required by businesses that offer goods for hire or leasing. Trading without a licensing arrangement is a criminal offence and can result in a fine and / or imprisonment.
To find out more or to apply on line for a licence, please follow the link below.
http://www.oft.gov.uk/advice_and_resources/resource_base/credit-licence/
Alternatively if you wish to speak to one of the Braemar Team
call us on 01563 852100.
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New Anti - Money Laundering Registration from the OFT
Is it required?
The majority of Braemar Practices who provide 0% Patient Finance for their patients do not require to register their business for Anti-Money Laundering.
However, if you offer instalment plans to your patients directly, of more than 4 instalments, then you will be required to register for Anti Money Laundering, which incurs an additional fee from the Office of Fair Trading (OFT) of £115 for this year per business premises.
The registration form along with guidance is available on the Office of Fair Trading website at www.oft.gov.uk/amlregistration
If you currently have category "A" on your CCL and no longer require it you can request to have it removed online. There is a one off fee of £80 charged by the Office of Fair Trading for this transaction.
http://www.oft.gov.uk/advice_and_resources/resource_base/credit-licence/apply-online
Alternatively if you wish to discuss your licence with one of the Braemar team please call us on 01563 852100.
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