Press Releases

TWP appoints new equity partner

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Surrey-based accountancy firm TWP are proud to announce that one of its Associate Partners has been appointed to the position of Equity Partner. Paul Hawksley has been made an Equity Partner at TWP in Weybridge having spent two years as an Associate Partner with the firm. He joined TWP in January 2009 as an audit […]

Client Newsletter

As one year begins, another one ends

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With 2015 having only just begun, businesses around the UK are already looking forward to the end of another year to see how they can reduce their liabilities. However, it isn’t the start of 2016 that they are looking forward to but rather the end of the tax year on 5 April 2015. Reducing the […]

Press Room

Brits ‘steer clear of discussing wills and care’

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New research has found that parents are shying away from discussing key financial planning issues, including later life care and wills, with their children. A survey of more than 2,000 adults carried out for Saga Personal Finance found that one in five people said they struggled to talk to their children about future care needs […]

Press Room

Guidance aims to clarify critical illness insurance

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New guidance has been issued to give customers a better understanding of what they are covered for under critical illness insurance. The guidance comes in an updated Statement of Best Practice from the Association of British Insurers (ABI), published on 17 December, to help people wishing to make a claim. The new statement follows consultation […]

Press Room

Pensioners could gain right to sell annuities

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Retirees could be given the chance to sell their annuities in a further shake-up of the UK pensions regime, Pensions Minister Steve Webb has said. Mr Webb told the Telegraph on 3 January that he wanted to change existing rules so that an estimated five million pensioners with existing annuities could benefit from the much […]

Business News

RTI: filing penalties and appeals

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In the latest Employer Bulletin HMRC are reminding employers that they are about to issue penalty notices to those employers who have failed to meet their RTI filing obligations. Late filing penalties began on 6 October for employers with schemes of 50 or more employees. Those employers who have incurred these penalties will start to […]

Business News

Solicitors’ Tax Campaign

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Solicitors are being given the chance by HMRC to bring their tax affairs up to date or face tougher penalties, as part of a new tax campaign. The Solicitors Tax Campaign gives solicitors the opportunity to declare any undisclosed income by making a voluntary disclosure. The disclosure opportunity is available to those working within the […]

Business News

Tax on the diverted profits dubbed the new ‘Google tax’

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The government has published draft tax legislation to implement the new tax on diverted profits which has been referred to as the ‘Google tax’. The introduction of a new Diverted Profits Tax which was announced in the 2014 Autumn Statement will target multinational enterprises with business activities in the UK who ‘enter into contrived arrangements […]

Business News

Holiday pay and overtime update

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We have previously reported that in the judgment an Employment Appeal Tribunal (EAT) decided that holiday pay should reflect non-guaranteed overtime. Under the Working Time Regulations 1998 most workers are entitled to paid statutory annual leave. This is 5.6 weeks (28 days) if the employee works five days a week. A worker is entitled to […]

Business News

1,773 ‘happy returns’ at Christmas

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HMRC have reported that they received 1,773 online tax returns on Christmas Day, with the busiest time for online returns on 25 December between midday and 1pm, when 148 Yuletide returns were delivered electronically. Christmas Eve, which has traditionally been a much busier day for festive filing than Christmas Day, saw 17,644 online returns successfully […]