TWP St George’s Hill tops Britain’s squash world after two of its club players completed a double triumph at the National Squash Championships. Daryl Selby, 28, and Laura Massaro, 27, both members of the Weybridge, Surrey, club, lifted the men’s and women’s titles at the National Squash Centre, Sportcity, Manchester to overturn the form book […]
TWP Accounting, a chartered accountancy firm based in Surrey, is advising clients to look at the finer details of this year’s Budget and the provisions that have been made to fuel growth in businesses across the UK and to encourage enterprise. Chancellor of the Exchequer George Osborne billed his second Budget as a “Budget for […]
HM Revenue & Customs (HMRC) has launched new tools to help small businesses, sole traders and the self-employed keep their records in shape. Four new products were launched in February, ahead of the introduction of HMRC’s new Business Record Checks programme later this year, which will impose penalties for significant record-keeping failures. Brian Redford, HMRC’s […]
An important change to the way employers notify HM Revenue & Customs (HMRC) about replacement company cars will take effect from April 2011. From April, employers will be able to notify HMRC electronically of any replacement car changes and only notifications received in this way will be accepted. Options for electronic filing include HMRC’s free […]
Tax cheats have been warned they face up to five years of detailed scrutiny by HM Revenue & Customs (HMRC). Starting in February, letters have been going out to 900 known evaders, warning them they will be subject to increased levels of personal scrutiny as part of the new Managing Deliberate Defaulters (MDD) programme. The […]
New penalties of up to 200 per cent could be imposed on anyone hiding money offshore, HM Revenue & Customs (HMRC) has warned. From 6 April 2011, penalties for offshore non-compliance – for income tax and capital gains tax – will be linked to the tax transparency of the country involved, with higher penalties introduced […]
Around 70,000 people, mainly women, have until 5 April to boost their basic state pension and get backdated payments. People who have reached, or will reach, state pension age between April 2008 and April 2011 and do not receive a full basic state pension, could increase their pension payments in the future, and receive backdated […]
An independent watchdog that reviews government proposals for new regulations affecting businesses says a “worryingly high proportion” fail to make a strong enough case. The Regulatory Policy Committee (RPC) reviews the evidence supporting new regulation before the proposals go forward to the government’s Reducing Regulation Committee, which has the power to send them back to […]
Workers’ right to request flexible working is to be extended under a change to be introduced from 6 April, businesses are reminded. Employees are currently eligible to request flexible working to care for a child to care for a child aged under 17, a disabled child aged under 18 who receives disability living allowance or […]
The percentage of Time to Pay requests refused by HM Revenue & Customs (HMRC) in 2010 was more than double the rate in 2009, according to new statistics. Figures from HMRC show that the percentage of requests refused in 2009 stood at 2.7 per cent. In 2010, the refusal rate had risen to 5.8 per […]
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