Paul Brides discusses changes to Child Benefit rules, due to come in to effect on 7th January 2013. Child Benefit is currently a tax free payment made available to married couples, civil partnerships and single partnerships as well as certain other eligible adults, regardless of the amount
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 →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 →The Tax Return Initiative is a campaign aimed at higher-rate tax payers who are yet to complete their Self Assessment tax returns for years 2009-10 and earlier. The campaign, launched by HM Revenue & Customs, starts on 3 July and runs until 2 October 2012 by which
Read more →Individuals should be wary of fake e-mails which appear to have been sent from HM Revenue and Customs. The “phishing scams” take the form of a fake e-mail claiming to be from HMRC, offering a tax refund. The e-mail will encourage the recipient to enter their personal
Read more →Following George Osborne’s Budget announcement, Group Tax Director GILL MOLLOY gives an overview of the key points…. Recent Economic Developments and Prospects Three key challenges have been recognised as affecting the UK economy; The euro area crisis that has created increasing instability and uncertainty undermining confidence Higher
Read more →From April 2012, all VAT registered businesses that are not already registered online will be legally required to submit returns online and pay VAT electronically. All newly registered and existing businesses with a turnover of more than £100,000 have been legally required to submit their VAT Returns
Read more →Her Majesty’s Revenue and Customs has reviewed its Business Record Checks programme and plans to make changes to its approach as a result. Starting in April last year, HMRC undertook a pilot programme of BRC’s which reviewed the adequacy and accuracy of business records within the SME
Read more →HMRC is reminding those registering for online filing for the first time to do so by the end of the week, or they will risk missing the self assessment tax return deadline. If you are filing online for the first time, you must register by Saturday 21st
Read more →HMRC is warning taxpayers against a spate of fake e-mails in the run up to the 31st January self assessment deadline, which promise a tax rebate to the recipient. These “phishing” e-mails contain a link to a clone of HMRC’s website where the recipient is asked to
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