Press Releases

TWP shortlisted for prestigious national award

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Weybridge-based firm of chartered accountants TWP is celebrating after being shortlisted for this year’s prestigious Accountancy Age Awards. The company is in the running for the ‘Audit Team of the Year’ title at the ceremony organised by the magazine of the same name. Now in their 16th year, the awards are recognised as the one […]

Business News

Tool Aids Businesses To Build Age-Friendly Workplaces

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UK employers now have access to a free tool that allows them to assess current and future workforce needs. The Age and Employment Network (TAEN), an independent not-for-profit organisation that works in partnership with the charity Age UK, has launched a UK version of the tool, which has been used successfully in the United States. […]

Business News

Three-Quarters Of Taxpayers Opt For Online Returns

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As the 31 October deadline looms for paper tax returns, new figures from HM Revenue & Customs (HMRC) reveal that growing numbers of individual taxpayers are opting for online filing. The figures show that in 2009-2010, 74 per cent of self assessment tax returns were filed online, a total of 6.6 million out of 8.9 […]

Business News

Taxpayers Warned Of Phone Con

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HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant following reports that thieves are making phone calls pretending to be the taxman. The fraudsters tell taxpayers they are due a tax rebate and ask for bank card details over the phone. They then attempt to take money from the account using the details […]

Business News

National Minimum Wage Rates Rise From 1 October

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Employers are reminded that new national minimum wage rates (NMW) will come into force from 1 October. The new rates are: £5.93 an hour to workers aged 21 and above (the main rate) £4.92 an hour to workers aged 18-20 £3.64 an hour to workers aged below 18 who are no longer of compulsory school […]

Business News

IHT In The Spotlight

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HM Revenue & Customs (HMRC) has launched a consultation into tackling inheritance tax avoidance associated with trusts. The consultation, which continues until 20 October, is inviting comment on extending the Disclosure of Tax Avoidance Schemes (DOTAS) regime to the transfer of property into trust. The DOTAS regime was introduced in 2004 and currently applies to […]

Business News

HMRC Steps Up Online Employer Information

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Employers will be able to access more HM Revenue & Customs (HMRC) advice and guidance online and via downloads as HMRC works to reduce the amount of information it posts out. HMRC has already stopped issuing paper copies of its Employer Bulletin and most employers can now register to receive an email when a new […]

Business News

HMRC Brings In Debt Collectors In 2010-11

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Debt collection agencies will be used by HM Revenue & Customs (HMRC) during 2010-11 to collect an additional £140m of tax debt. HMRC will be working with Commercial Collection Services Ltd, Credit Solutions Ltd, Fairfax Solicitors Ltd and ivory Recovery Services Ltd on the project. In the June 2010 Budget, it was announced that, following […]

Business News

Helping Hand On VAT Errors

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HM Revenue & Customs (HMRC) has issued new guidance on correcting VAT errors. HMRC says it has found that many mistakes reported to its Error Correction Team could have been corrected by customers and that as there is currently a six to eight-week delay in processing corrections, it makes sense for customers to correct errors […]

Business News

Greener Cars Drive Up Savings

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Private and fleet buyers in the UK are to be offered up to £5,000 as an incentive to buy greener cars in a government scheme launching at the start of next year. From January 2011, customers will be able to claim up to £5,000 to reduce the upfront costs of ultra-low carbon cars by as […]