If you run your own company you will no doubt be aware that company law requires all companies to file a copy of their annual accounts at Companies House by their ‘due date’. Penalties become payable if these accounts are filed late. With effect from 1 February 2009 higher late filing penalties will be imposed [...]
Wednesday, January 28, 2009
HMRC have advised that they are about to issue PAYE tax codes to employees for the 2009/10 tax year. If you receive a coding notice it is worthwhile letting us have a copy for checking. This will enable us to ensure that you are paying the correct amount of tax on your pay and benefits [...]
Monday, January 26, 2009
On returning to work in the New Year, many will be reaching for the travel brochures to plan their next holiday getaway. Now would be a good time to ensure that your employees’ (or your own) holiday entitlement has been correctly calculated, especially as many employees’ entitlement may need to be increased due to a [...]
Saturday, January 24, 2009
HMRC have announced that they are now able to offer more customers the option of paying by Direct Debit. If taxpayers are registered to use Self Assessment Online, PAYE Online for employers or Corporation Tax Online they can now set up Direct Debit payments online. Taxpayers can also make tax credit repayments by Direct Debit. [...]
Saturday, January 24, 2009
Richard Lambert, CBI Director-General, has given his analysis of the Government’s announcement on lending in the economy. In his analysis: “This intervention will not stop the recession in its tracks, but it should prevent the current problems from becoming a steeper downward economic spiral… But they [the measures announced] are a necessary precondition for a [...]
Thursday, January 22, 2009
The standard rate of VAT was reduced from 1 December 2008 from 17.5% to 15%. HMRC have published some further frequently asked questions which clarify the correct treatment in several situations. One situation which helps to explain the complexity of the issue is as follows: ‘Treatment of tickets to events (theatre, football season tickets etc): [...]
Monday, January 5, 2009
Pregnant women are being urged to apply for the new Health in Pregnancy grant of £190. In order to qualify the baby must be due on or after 6 April 2009. The one-off payment is intended to help pregnant women ‘stay fit and healthy in the run up to the birth, and help meet some [...]
Sunday, January 4, 2009
There is a significant change in the approach which HMRC will be taking in dealing with tax returns relating to periods starting on or after 1 April 2008, where the return is due to be submitted on or after 1 April 2009. HMRC have the legal right to enquire into any return and if they [...]
Thursday, January 1, 2009
HMRC are warning taxpayers that recently they have been made aware of the following scams: ‘Online Update’ email We have received reports of emails being sent asking recipients to ‘update your account to the new EV SSL certification’. This is a scam email attempting to steal User IDs and passwords. The email is being sent [...]
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Friday, January 30, 2009
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