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Self Assessment Filing Deadline Extended |
| January 2012 |
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In a recent statement by HMRC they have
agreed to extend the Self Assessment
filing deadline to 2nd February 2012.
This is a result of industrial action
at HMRC call centre's, we are sure this
news will be greeted with thanks from
many agents and individuals across the
country.
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Taxman to review record checks project |
| January 2012 |
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HM Revenue & Customs
(HMRC) is to carry out a review of its
Business Record Checks project, designed to
tackle poor record-keeping by small and
medium-sized enterprises.
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Employment tribunal fees plan unveiled |
| January 2012 |
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The government has outlined its plans for
charging fees to take cases to employment
tribunals, designed to cut a multi-million
pound bill for the taxpayer and ease
pressure on businesses.
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E-trader jailed over VAT fraud |
| January 2012 |
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An online trader has been jailed for
attempting to evade more than £420,000 of
VAT, ahead of the launch of an HM Revenue &
Customs (HMRC) campaign targeting people who
use e-marketplaces to buy and sell goods and
who fail to pay tax owed.
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'Real time' pilot on way for PAYE |
| December 2011 |
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A major change to the way that employers
submit information on tax and national
insurance for their employees is to begin
next year with a pilot programme.
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New taskforces to target tax cheats |
| December 2011 |
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HM Revenue & Customs (HMRC) has
launched five new taskforces around
the country to tackle tax evasion in
sectors including fast food, property
rentals and scrap metal dealing.
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A N Other fine mess on PAYE paperwork |
| November 2011 |
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Employers are being urged to make sure their
PAYE paperwork is correct after hundreds of
returns incorrectly claimed to employ A N Other
in 2009/10.
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SME's slipping up on credit checks |
| November 2011 |
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Almost three-quarters of small and
medium-sized UK businesses are failing to check
on their customers’ creditworthiness, according
to new research.
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Capital allowances loophole closed |
| September 2011 |
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The government has bought forward the
closure of a loophole that allowed
businesses to accelerate capital
allowances claims for plant and machinery
and obtain advantageous early tax relief.
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Retailers warned over online security |
| September 2011 |
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Businesses have been urged to do more to
protect customers’ data after hackers were
able to access the payment details of
thousands of customers of cosmetics and
toiletries retailer Lush.
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Taxpayer hit by HMRC hold-up |
| August 2011 |
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Around 500,000 people who
complete self assessment tax returns will have
to wait longer than normal to find out how much
tax they have to pay, HM Revenue & Customs
(HMRC) has announced.
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VAT Rule Breakers Targeted |
| June 2011 |
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HM Revenue & Customs (HMRC) has announced
it is to target individuals and businesses
who are trading above the VAT threshold
but have not registered for VAT in a new
drive against rule breakers.
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Cheque Guarantee Card Scheme Closes |
| June 2011 |
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The UK cheque guarantee scheme, for
businesses and individuals using cheques
to make or receive payments, will close on
30 June 2011.
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TUPE Rules Included in Employment Law Review |
| June 2011 |
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Chancellor of the Exchequer George Osborne
billed his second Budget as a “Budget for
growth”, telling MPs that it was an
“urgent call to action for Britain”. His
main ambitions, he said, were to ease the
economic burden on families and businesses
while promoting Britain as the best place
to do business in Europe.
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Bribery Act Takes Effect On 1 July |
| June 2011 |
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Chancellor of the Exchequer George Osborne
billed his second Budget as a “Budget for
growth”, telling MPs that it was an
“urgent call to action for Britain”. His
main ambitions, he said, were to ease the
economic burden on families and businesses
while promoting Britain as the best place
to do business in Europe.
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Flexible Working Consultation
Launched |
| June 2011 |
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Chancellor of the Exchequer George Osborne
billed his second Budget as a “Budget for
growth”, telling MPs that it was an
“urgent call to action for Britain”. His
main ambitions, he said, were to ease the
economic burden on families and businesses
while promoting Britain as the best place
to do business in Europe.
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Health And Safety Rules Blocking New
Jobs, Says Report |
| June 2011 |
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Chancellor of the Exchequer George Osborne
billed his second Budget as a “Budget for
growth”, telling MPs that it was an
“urgent call to action for Britain”. His
main ambitions, he said, were to ease the
economic burden on families and businesses
while promoting Britain as the best place
to do business in Europe.
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First Automatic Pension Enrolment
Letters Go Out |
| June 2011 |
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Chancellor of the Exchequer George Osborne
billed his second Budget as a “Budget for
growth”, telling MPs that it was an
“urgent call to action for Britain”. His
main ambitions, he said, were to ease the
economic burden on families and businesses
while promoting Britain as the best place
to do business in Europe.
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New Growth Fund Opens For Business |
| June 2011 |
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Chancellor of the Exchequer George Osborne
billed his second Budget as a “Budget for
growth”, telling MPs that it was an
“urgent call to action for Britain”. His
main ambitions, he said, were to ease the
economic burden on families and businesses
while promoting Britain as the best place
to do business in Europe.
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New Minimum Wage Rates Set |
| May 2011 |
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The government has accepted the
independent Low Pay Commission’s (LPC)
recommendations for this year’s National
Minimum Wage (NMW) rates.
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New Late Filing Penalties in Place |
| May 2011 |
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Taxpayers could find themselves paying a
high price for submitting late tax returns
under a new penalty regime introduced in
April.
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Round-up of Budget Reaction |
| April 2011 |
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Chancellor George Osborne delivered the 2011
Budget on 23 March, saying he intended to “put
fuel into the tank of the British economy”. With
the implications of the Budget still sinking in,
this round-up of some key points also looks at
the response to the measures.
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Online Filing Plans Under Fire |
| April 2011 |
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Government plans to impose online filing on
all the main businesses taxes have been
criticised by tax campaigners.
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R&D Brings Tax Benefits |
| April 2011 |
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Thousands of companies are benefiting from
research and development (R&D) tax credits,
according to new figures from HM Revenue &
Customs (HMRC).
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The Budget 2011 |
| March 2011 |
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Chancellor of the Exchequer George Osborne
billed his second Budget as a “Budget for
growth”, telling MPs that it was an
“urgent call to action for Britain”. His
main ambitions, he said, were to ease the
economic burden on families and businesses
while promoting Britain as the best place
to do business in Europe.
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Reminder on Tax Code Notice Change |
| March 2011 |
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Taxpayers are reminded that copies of the
notices informing them of their tax code
for the year 2011-2012, sent out during
January, February and March, will no
longer go to their tax agent or advisor.
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Record Numbers File Online |
| March 2011 |
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Record numbers of people completed their
self assessment tax returns online this
year, HM Revenue & Customs (HMRC) has
revealed.
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Childcare Support Changes |
| March 2011 |
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Businesses are reminded that the rules on
employer-supported childcare will change
for higher and additional rate taxpayers
from 6 April 2011.
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Time to Pay Rejection Rate Rises |
| March 2011 |
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The percentage of Time to Pay requests
refused by HM Revenue & Customs (HMRC) in
2010 was more than double the rate in
2009, according to new statistics.
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Company Car Changes Go Electronic |
| March 2011 |
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An important change to the way employers
notify HM Revenue & Customs (HMRC) about
replacement company cars will take effect
from April 2011.
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Businesses Share Common Concerns on Tax
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| February 2011 |
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A series of roadshows organised by the
Office of Tax Simplification (OTS) has
highlighted key areas of small business
taxation that those affected say need to
be reviewed or simplified.
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SMEs Count Fraud Toll |
| February 2011 |
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Fraud costs small and medium-sized
enterprises an average of £2,800 a year
each, according to new statistics from the
National Fraud Authority (NFA).
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Tax Appeals May Be Worth Pursuing |
| February 2011 |
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Taxpayers appealing against HMRC decisions
or penalties on technical issues or for
late or inaccurate filing of VAT returns
have a better than 50:50 chance of
success, according to recent statistics.
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HMRC Denies National Insurance Problem
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| February 2011 |
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HM Revenue & Customs (HMRC) has hit back
at suggestions that more than £1.3 billion
in national insurance contributions (NICs)
has been lost.
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Tax Experts Offer Help on Underpayment
Letters |
| February 2011 |
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The Low Incomes Tax Reform Group (LITRG)
has issued guidance on what action to take
if someone receives a tax calculation
letter for the 2007-08 tax year from HM
Revenue and Customs (HMRC).
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New Parental Leave Plan Unveiled |
| February 2011 |
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The government has announced more details
of shared parental leave arrangements
designed to help families balance work and
life commitments.
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Consultation Under Way On PAYE Reform
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| January 2011 |
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HM Revenue and Customs (HMRC) is
inviting employers to respond to a
second phase of consultation on
improving PAYE through the use of Real
Time Information (RTI).
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HMRC Joins Twitter |
| January 2011 |
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HMRC has begun trialling the use of
Twitter, operating under the username
@hmrcgovuk.
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European Patent Fees Reduced |
| January 2011 |
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Thousands of innovative UK businesses
will reduce the cost of protecting
their bright ideas in Europe under new
arrangements.
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Tax Avoidance Study Group Launched
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| January 2011 |
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The government has made its first
appointment to a group of experts who
will explore the potential for a
General Anti-Avoidance Rule (GAAR) as
part of the UK tax regime.
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Tax Reliefs In The Spotlight |
| January 2011 |
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The Office of Tax Simplification (OTS)
has completed a key stage in its major
review of tax reliefs.
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Concern As Time To Pay Arrangements Fall
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| December 2010 |
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New figures show that fewer businesses are
deferring tax payments through the HM
Revenue & Customs’ (HMRC) Time to Pay
scheme, designed to help businesses during
the economic downturn.
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HMRC Reports On R&D Support |
| December 2010 |
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HM Revenue & Customs (HMRC) has issued a
new report on research and development
(R&D) decision-making processes in British
businesses.
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Change On Unfair Dismissal Claims On Cards
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| December 2010 |
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Lord Young, the government’s new
Enterprise Adviser, has told the BBC that
he may recommend an increase in the length
of time employees have to work before
being allowed to bring unfair dismissal
claims.
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Reminder On Filing Online |
| December 2010 |
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HM Revenue & Customs (HMRC) has reminded
anyone missing the 31 October deadline for
filing paper self assessment tax return
for 2009-2010 that they have until the end
of January to file online.
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Alert To Employers On CD-ROM |
| December 2010 |
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Businesses using HM Revenue & Customs’
(HMRC) Employer CD-ROM have been urged to
make sure it is up to date.
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Act now before the pension annual allowance
falls |
| November 2010 |
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Since the coalition announced the
scrapping of measures which would have
seen those earning at least £150,000 lose
some or all of their higher rate tax
relief, we have been waiting with baited
breath to find out what the alternative
would be.
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Business Quangos Bite Dust |
| November 2010 |
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Regional Development Agencies are among
the business-related quangos that face the
axe or other changes in a government
shake-up.
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All Change on National Insurance Cards
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| November 2010 |
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HM Revenue & Customs (HMRC) has announced
a change on replacement national insurance
cards, ahead of a phasing out of the
traditional plastic card.
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Track Down your Missing Pension, says
Minister |
| November 2010 |
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People who have lost touch with workplace
pension schemes from previous employers,
as well as personal schemes, are being
urged to track them down to ensure they
receive all of their entitlements in
retirement.
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HMRC Shakes up Contact Centre Opening Hours
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| November 2010 |
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From 29 November 2010, HM Revenue &
Customs (HMRC) contact centres will
reorganise their opening times to allow
more staff to answer calls during the busy
periods.
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£900m To Fight Tax Non-Compliance |
| October 2010 |
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Large businesses will be among those
targeted in a £900 million government plan
to tackle non-compliance in the tax
system.
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CD-ROM Alert For Employers |
| October 2010 |
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HM Revenue & Customs (HMRC) has issued an
alert to employers who use its Employer
CD-ROM to help run their payroll systems.
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Comments Invited On Bribery Act Guidance
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| October 2010 |
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Businesses are being invited to have their
say on guidance designed to help them
implement legal measures designed to
strengthen the UK’s stance against
bribery.
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Tax Specialists Criticise Paperwork Cuts
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| October 2010 |
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Tax experts have hit out at HM Revenue and
Customs’ (HMRC) plans to stop issuing
copies to tax agents of some mail sent to
their clients to help cut costs.
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HMRC Steps Up Online Employer
Information |
| September 2010 |
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Employers will be able to access more
HM Revenue & Customs (HMRC) advice and
guidance online and via downloads as
HMRC works to reduce the amount of
information it posts out.
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IHT In The Spotlight |
| September 2010 |
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HM Revenue & Customs (HMRC) has
launched a consultation into tackling
inheritance tax avoidance associated
with trusts.
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Taxpayers Warned Of Phone Con |
| September 2010 |
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HM Revenue & Customs (HMRC) is warning
taxpayers to be vigilant following
reports that thieves are making phone
calls pretending to be the taxman.
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Greener Cars Drive Up Savings |
| September 2010 |
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Private and fleet buyers in the UK are
to be offered up to £5,000 as an
incentive to buy greener cars in a
government scheme launching at the
start of next year.
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PAYE in the Spotlight |
| August 2010 |
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PAYE could be on course for
significant change following the
launch of a major consultation.
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HMRC under fire over Income Tax cases
backlog |
| August 2010 |
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The head of the National Audit Office
has criticised HM Revenue & Customs (HMRC)
for failing to make enough progress in
reducing a backlog of 18.2 million
cases where there is potentially
overpaid or underpaid income tax.
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Online VAT Deadline Looming |
| August 2010 |
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Businesses need to act now if they
have not already registered for online
filing of VAT returns.
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Tax Set To Be Made Simpler |
| August 2010 |
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Chancellor George Osborne has launched
a new Office for Tax Simplification (OTS),
with the task of identifying areas
where complexities in the tax system
for businesses and individuals can be
reduced.
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Get Ready For New Equality Act |
| August 2010 |
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Time is ticking away for businesses to
review their policies and practices to
make sure they are in line with the
new Equality Act.
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Late Returns Grace Period To End
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| August 2010 |
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Businesses are reminded that a
seven-day grace period for late
employers’ and contractors’ returns
will cease from 31 March 2011.
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News Archive |
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