Individuals who sell directly to customers and take commission on sales have just one week left to come forward to HMRC and pay any tax they have outstanding. Direct selling consists of selling directly to customers without the need of a shop and taking commission on sales.
Read more →If you are yet to complete a self assessment return that was due for submission to HMRC by 31st January 2012, you will now face additional penalties from HMRC. The penalties are effective from 1st February 2013 and are relevant to individuals who are yet to complete
Read more →HMRC will target businesses with outstanding VAT returns as part of their latest campaign. The campaign is aimed at business that have one or more VAT return outstanding and as many as 50,000 businesses are expected to be chased by HMRC. These businesses will be given the
Read more →DEBBIE THORN advises caravan manufacturers, distributors and caravan park owners on forthcoming new VAT rules… This year, the VAT rules on static holiday caravans are changing. From 6 April, the zero-rating of VAT is being withdrawn and will be replaced with a 5% reduced rate. This new
Read more →Group Tax Director GILL MOLLOY comments on George Osborne’s Autumn Statement… Despite a speech that lasted no more than 50 minutes, the actual Autumn Statement detail is expected to be quite lengthy. There may be a number of amendments or proposals, the impacts of which will not
Read more →HM Revenue & Customs has announced that up to 250,000 employers will join the Real Time Information pilot between now and 31 March 2103. Real Time Information (RTI) is a new compulsory reporting system which changes when employers must submit information to HM Revenue & Customs. Currently,
Read more →Group Tax Compliance Manager PAUL BRIDES advises on new company car advisory fuel rates that took effect from 1 June 2013. The new rates will apply to all journeys on or after 1 June 2013 until further notice. Employers will then have a month long window where
Read more →In March this year the government published regulations to increase the hourly rate of the National Minimum Wage (NMW) which comes into effect from Monday 1st October. This will bring the NMW for adults aged over 21 to £6.19 and the rate for apprentices under the age
Read more →Employers are warned about a new reporting system for PAYE, which could prove to be a burden for the unprepared. PAULETTE THOMAS explains the reasons for the new system and advises how you can get ready for the change. Real Time Information (RTI) is a new compulsory
Read more →SME’s based in or relocating to the North West can now potentially benefit from an £185m investment fund, “The North West Fund”, established to provide debt and equity funding from £50,000 to £2m. The fund is accessible to SME’s (Small to Medium Sized Enterprises) who employ fewer
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