30 September 2012 The Government is introducing auto-enrolment, a compulsory requirement for employers to enrol employees into a workplace pension scheme. Auto-enrolment commences for large employers from October 2012 and by 2017 all employers will have to comply with the new regulations. Background The government is focused on the number of individuals in the UK […]
HMRC’s latest tax taskforce initiative will target London lawyers, grocery and retail businesses in Wales, hair and beauty businesses in the North East, restaurants in the South East and Solent and the motor industry in Scotland. These are the latest industry and location specific targets of the wider taskforce initiative where HMRC are targeting those […]
HMRC is to launch a direct selling campaign aimed at those who sell products direct to customers without the need for a shop. This could include agents, consultants, representatives or distributors of products. Direct selling could be undertaken as a part time or full time activity, perhaps door to door, or via catalogues, and often […]
18 September 2012 Research and Development (“R&D”) tax relief is a Government approved incentive designed to encourage companies to undertake R&D. Based on recent statistics, companies in the Midlands may not be claiming tax relief they are entitled to. HM Revenue & Customs (“HMRC”) have recently released information relating to the number of R&D claims […]
12 September 2012 Real time information (“RTI”) is the new system being introduced by HMRC to improve the administration of Pay as you Earn (“PAYE”). Introduction The current system has been in operation virtually unchanged since 1944. The Government has confirmed that RTI will be introduced from April 2012 and by October 2013 it will […]
According to research by Scottish Widows, 52% of employees are unaware of auto-enrolment, which starts for larger companies in October. Auto-enrolment is new pension legislation, introduced by Pensions Act 2008, which states that from October 2012 and during a period of up to 5 years, eligible employees will be automatically enrolled into their employers workplace […]
HMRC have issued letters to thousands of higher rate taxpayers who have failed to submit tax returns reminding them that they have until 2 October 2012 to get their tax affairs in order and take advantage of the HMRC initiative encouraging filing to reduce the risk of further penalties. Taxpayers who have failed to submit […]
