This is an extra-statutory concession that sets out how HMRC may exercise its discretion not to collect income and capital gains tax which is lawfully payable, due to their delay in acting on relevant information in prescribed circumstances. This includes where we can identify that HMRC did not properly deal with information received and their […]
If you employ a student at any time other than their normal holiday periods, or if a student works for you both during and outside their holidays, you should operate the normal PAYE procedures used for any other employee. If, however, you employ a student solely during their summer, winter or Easter vacations, you may […]
A one page form can now be used to gather information from an employee who does not have a form P45. It removes the need to complete information about you as the employer and instead only requires information on the employee prior to online filing. When real time information is introduced, there will of course […]
If your business invests in plant or machinery to generate electricity or heat (or to produce biogas or biofuel) that attracts a Feed-in Tariff (FiT) or tariffs under the Renewable Heat Incentive (RHI), watch out for new rules: Firstly, expenditure on solar panels is redesignated so that, for capital allowances purposes, only the 8% annual […]
No sooner had we mentioned in last month’s E-News that HMRC have announced a few new taskforces to investigate tax evasion, than they come up with even more! If you operate within any of the categories below, or know someone who does, we can do a check of your business records and identify any possible […]
HMRC are reminding employers that they offer a free registration facility which enables employers to receive an email alert detailing changes in payroll procedures rather than a paper copy. HMRC will issue the alerts three times a year when their web pages are updated. HMRC have confirmed that of the 1.3 million employers that they […]
Communities Secretary Eric Pickles has announced that six seaside projects are the first to receive government backing to help their coastal towns to prosper. The funds should help create new jobs and boost local enterprises. The £24 million Coastal Communities Fund was launched earlier this year to provide coastal towns with funds to help finance […]
HMRC have created a single page version of form P46 called P46 (Short) which enables employers to collect necessary information from new employees who do not have a form P45. Employers are required to submit the details electronically to HMRC so the form is used to gather the necessary information in order to make the […]
The government announced in the Budget 2012 that the zero rate of VAT for approved alterations to listed buildings would be withdrawn, with effect from 1 October 2012. However, at the same time it was announced that the Listed Places of Worship (LWP) grant scheme would be extended to cover approved alterations to listed places […]
According to the Telegraph, Tesco is facing a fine of up to £200,000 for illegally employing foreign workers. According to the report: ‘Twenty foreign students of primarily Bangladeshi and Indian origin were arrested for working longer hours than their visas permitted, seven of whom have since been deported. Although the workers had the right to […]
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