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Submitting online VAT returns
Wednesday, February 1, 2012
From 1 April 2012 all VAT Returns must be submitted online and payment must be made electronically.
This measure completes a process started 1 April 2010 when VAT registered businesses with a turnover exceeding £100,000 and all newly VAT registered b...
Commonwealth games tax break announced
Wednesday, February 1, 2012
The Chief Secretary to the Treasury, Danny Alexander, has announced a tax break for athletes that take part in the 2014 Commonwealth games in Glasgow. The move means that athletes from outside the UK will be exempt from UK income tax on any payment i...
PAYE penalties
Wednesday, February 1, 2012
The tax office has now begun to issue penalty notices to employers that have not filed their starter and leaver forms online in the period 6 October 2011 to 5 January 2012. The penalties for failing to file online range from £100 up to a maximum of £...
PAYE – share based payments
Wednesday, January 25, 2012
New regulations were introduced in April 2011 which changed the tax code that applies to certain payments of PAYE income made to an employee after cessation of employment which have not been included in the form P45. The new regulations introduced th...
Fraudulent emails from 'HMRC'
Wednesday, January 18, 2012
It is apparent that a significant number of fraudulent emails are still being sent to taxpayers purporting to be sent by HMRC. The emails target taxpayers who may be expecting a refund of tax from HMRC and provide a link to a clone of HMRC's web...
January 18, 2012
♦ Business records checks under review
♦ Contractual disclosure facility (CDF)
January 11, 2012
♦ Class 2 National Insurance contributions
♦ New PAYE coding notices
♦ Research and Development (R&D) tax credits
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