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Act now on RTI, warns HMRC chief

HM Revenue & Customs (HMRC) has been writing to more than 1.4 million employers to its launch Real Time Information (RTI) awareness campaign. The letters, which went out during October, provided  information on what employers…

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News
Posted on: 8th November 2012

SMEs face surge in compliance inquiries

Compliance investigations into small and medium sized enterprises (SMEs) by HM Revenue & Customs jumped 39 per cent in the last year, according to new research. According to the data, published on 20 October, investigations…

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Posted on: 8th November 2012

Changes to Audit Exemption Criteria

It is not often that Government does anything positive to cut red tape for businesses, but this month Vince Cable announced changes to the audit exemption thresholds. This will exempt…

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News
Posted on: 3rd October 2012

HMRC offers tax help by email

Small and medium-sized firms are being invited by HM Revenue and Customs (HMRC) to sign up to receive regular emails giving help and support. The…

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News
Posted on: 3rd October 2012

Tax crackdown targets lawyers and hairdressers

Legal professionals, solicitors and hairdressers are among the latest groups to be targeted in a new tax crackdown by HM Revenue & Customs (HMRC). The…

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News
Posted on: 3rd October 2012

Funding boost for new entrepreneurs

The first cash from the government £82.5 million Start-Up Loans scheme is now being distributed to young entrepreneurs, with the aim of helping to launch up to 30,000 new companies. Start-Up Loans will provide budding…

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News
Posted on: 3rd October 2012

VAT changes come into force

Changes to VAT arrangements, originally announced in the March 2012 Budget, take effect from 1 October. The changes, which are designed to tackle anomalies within the VAT regime, apply to hot food and premises; sports…

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News
Posted on: 3rd October 2012

Company car advisory fuel rates updated

HM Revenue & Customs has amended the advisory fuel rates for company cars with effect from 1 September 2012. The rates – HMRC’s guidelines for fuel mileage rates for company…

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News
Posted on: 3rd October 2012

Moves to streamline employment law launched

New measures designed to give firms more flexibility in managing their workforce and to cut employment red tape, have been…

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News
Posted on: 3rd October 2012

Automatic Enrolment gives new pension security to thousands

More than half a million people will be saving in a workplace pension for the first time by Christmas, according to new government figures. From October 2012, starting with the largest employers, the automatic enrolment…

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News
Posted on: 3rd October 2012

Good time to review insurance cover

It’s always a good idea to have the right insurance protection in place, but with a significant change in the insurance sector set to push up the cost of some…

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News
Posted on: 11th September 2012

Taxpayers count £1,200 cost of failing to file returns

Around half a million people who have not yet submitted 2010/11 tax returns to HM Revenue & Customs (HMRC) are…

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News
Posted on: 6th September 2012

1 in 3 businesses not aware of RTI, research finds

One-third of small businesses are not aware of Real Time Information (RTI) and how it will affect their PAYE systems, according to new research. Business…

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News
Posted on: 6th September 2012

Contractors ‘could cut SME tax bills by £2bn’

Businesses could slash their tax bills by up to £2 billion by using self-employed contractors, according to professional advice website unbiased.co.uk. In its Small Business Tax Action Report, published on 1 August, unbiased.co.uk highlighted the…

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News
Posted on: 6th September 2012

Keep HMRC informed, warns business group

An organisation representing small businesses has warned entrepreneurs to fully update HM Revenue & Customs (HMRC) about any changes to their operations, following a report that one firm is facing…

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News
Posted on: 6th September 2012