TaxPenny News is a specialist UK Tax News Service provided by TaxPenny – The Online Tax Return Specialists. Visit our main site at www.taxpenny.co.uk to learn more about the services we provide. If you need help completing your tax return and would like a professional to take the burden off your shoulders, enter your details [...]
Sunday, March 8, 2009
During 2009, HMRC will be changing the bank accounts into which businesses and individuals make payments. These changes will be phased in throughout the year but HMRC will keep businesses and taxpayers informed of any changes. The first account change will be on the Pay As You Earn (PAYE) payment booklets issued from February 2009, [...]
Thursday, March 5, 2009
HMRC have issued a reminder to employers with 50 or more employees that they must send their employee starter and leaver information – P45s, P46s and P46(Pen) for pensions – online from 6 April 2009. As always, failure to comply with these new rules could result in a penalty. HMRC’s Simon Lidster said: “If you’re [...]
Tuesday, February 17, 2009
According to HMRC, a record number of taxpayers filed their 2007/08 self assessment tax returns online. 5.75 million returns were filed online by the 31 January 2009 deadline, beating last year’s by over 50%. On the busiest day, Friday 30 January, a record 390,000 returns were filed. Mark Holden, Director of HMRC’s Carter Programme, said: [...]
Thursday, February 12, 2009
Marks and Spencer (M&S) won a landmark victory last year in the European Court of Justice (ECJ). The case concerned whether or not HMRC were correct to limit the amount of VAT they repaid to the company after their chocolate teacakes were reclassified as a cake rather than a chocolate biscuit. The issue of cakes [...]
Monday, February 2, 2009
The Department for Business, Enterprise and Regulatory Reform Employment Law Guidance Programme is designed to help employers save time and money when complying with their employment law obligations. The Businesslink website provides free advice and online tools on a range of employment issues, including: the Employee Organiser – an interactive tool aimed at businesses planning [...]
Monday, February 2, 2009
TaxPenny have simplified the tax refund process further with the introduction of tax calculators on it’s website at www.taxpenny.co.uk. The new inspecTax system allows individuals from various fields of employment to estimate how much tax may be due to them going back as far as the last 6 years. So you can get a good [...]
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. [...]
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 [...]
Sunday, November 16, 2008
Do you know how much your state pension could be when you retire? The Pensions Service will provide a forecast of this information either by letter or an online email service. As detailed on their website “a State Pension forecast gives you in today’s money values: an estimate of basic and additional State Pension you [...]
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Saturday, May 30, 2009
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