Monthly Archives: October 2011
In August 2011, the Department for Business Innovation and Skills (BIS) issued a discussion paper entitled Simpler Reporting for the Smallest Businesses. The BIS argues that small companies suffer from over-complex and burdensome reporting requirements that need simplification. The simplification proposals remain vague at the moment and are currently alongside the Office of Tax Simplification’s
According to an article in October’s Accountancy magazine HMRC have started issuing fines for late in-year PAYE/NICS payments in 2010-11. This is not about late payments after the year-end has been filed – these have always carried interest penalties. These new penalties have been raised where employers have consistently missed the monthly settlement deadline for
As agents and employers we are at that time of year once again when HMRC’s £400 penalty notices drop through the letterbox for failure to file year-end PAYE returns due 19th May. And once again, we are all left somewhat bemused by HMRC’s inability to produce these on a timely basis. Why can’t HMRC issue
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Real Time Information – summary of responses
0 Comments Posted by Niki on October 12th 2011 @ 11:02 am
HMRC have fed back some of the conclusions that have emerged from the consultation process last year. Key facts are as follows:- Timescale has moved backwards (what a surprise) likely introduction will be between April and October 2012 Information will not now be processed via BACS as was initially mooted. Information will be fed in
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