Specialist Tax News

Main tax events for Dec 2012 – Jan 2013

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Date What’s due 1 December Corporation tax for year to 29/2/12 19 December PAYE & NIC deductions, and CIS return and tax, for month to 5/12/12 (due 22 December if you pay electronically) 1 January Corporation for year to 31/3/12 19 January PAYE & NIC deductions, and CIS return and tax, for month to 5/1/13 […]

Specialist Tax News

Another whistle-blower helps HMRC

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Reports, subsequently confirmed by HMRC, say that they have received a list of the names, addresses and account balances of every British client with an account with HSBC in Jersey – 4,388 people holding £699 million with an average account balance of £337,000. If you know anyone in this position please suggest they approach us […]

Specialist Tax News

Child benefit charge letters

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Child Benefit is to be withdrawn gradually in situations where one parent or partner earns more than £50,000 a year, and withdrawn entirely in cases where this figure is more than £60,000. You should note that the draft legislation has been amended, providing a safety net for households expecting the higher income partner to earn […]

Specialist Tax News

Business records checks relaunch

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Following on from last month’s Tax E-News, if you thought the risk of HMRC coming along to review your business records had gone away, there is bad news; the Business Records Checks (BRC) programme is being relaunched across the UK, although some regions will not be targeted until 2013. HMRC will be sending letters to […]

Business News

Proposal to remove red tape on building extensions

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The government has announced proposals to make it quicker and cheaper to make improvements to homes and business premises. The proposals would mean that, for a limited period, much of the red tape required to complete a planning application for a small-scale, single-story extension would be removed. It has been confirmed that the current safeguards […]

Business News

Improving gender diversity in boardrooms

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The CBI commented on proposals from the European Commission, aimed at achieving a better gender balance in the boardrooms of some European companies. The proposals apply to companies listed on stock exchanges in EU’s Member States. Katja Hall, CBI Chief Policy Director, said: ‘Businesses will be relieved that the Commission has listened to their concerns. […]

Business News

Payroll RTI system ‘unrealistic’

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The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that the RTI reporting system will be ‘at best unrealistic and at worst impossible’ for small employers. This is despite HMRC publishing proposals explaining when employers will be allowed up to an extra seven days to send some information to HMRC. Frank Haskew, […]

Business News

Simpler health and safety guidance

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The Health and Safety Executive (HSE) has launched an online ‘Health and Safety Toolbox’ aimed at smaller, low-risk businesses. It is hoped that the Toolbox, which can be accessed from the right hand side of the HSE’s home page, will make it quicker and easier for small businesses to find the information that applies to […]