Bogus emails from HMRC have been a problem for some time. Those of us that see them regularly barely acknowledge their existence these days – we simply send them straight to junk. However, many individuals receiving these emails do not have the same “this is spam” understanding of what HMRC do and don’t do by
As we have just gone through the painful process of getting you all to complete a P35 checklist – you may recall the question “Are you a service company?” This refers to a nasty bit of HMRC legislation (IR 35) targeting contractors who operate through a limited company (known a service companies). Essentially, this is
After all the changes in the last couple of years we are looking forward to a new tax year of pretty much “as you were” with just the odd tweak highlighted below. The steady march to £10,000 of tax free income by the end of this fixed term Parliament continues with another sharp increase in
HMRC have begun to issue penalties to employers who did not file their starter and leaver forms online in the period between 6 October 2011 and 5 January 2012. The penalties will range from £100 to £3,000 depending on the number of forms that should have been filed online. The penalties are triggered where an
The case of Sarah Cornes v HMRC [(TC01701], heard in November 2011) highlights what we are always saying to clients – if you have a problem paying your tax TALK to HMRC. This was a very sad case of a woman battling with personal and financial problems who tried to talk to HMRC in an
The honest answer is everything. The introduction of RTI is the biggest change in payroll since PAYE was first introduced. Under RTI employers will be required to return personal and payroll information about each employee as they make a payment to them. This will allow HMRC to track employees’ individual tax and earnings information real
Have you heard of the Office of Tax Simplification? Sounds like a joke doesn’t it, at best some clever oxymoron that someone made up in order to vent their frustration at the machinations of our tax system? Not even an original joke, you might think. As soon as I heard of it, I thought of
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
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
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Time to Jump
0 Comments Posted by Niki on March 2nd 2012 @ 2:44 pm
Now I know most of you reading this are already part of the exclusive club that is a Pay Academy client but for those of you who are not – an offer to tempt you to make the leap and join us. The start of a new tax year is the perfect time to move
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