Non statutory expenses

HMRC have introduced an optional system of ‘simpler income tax for smaller businesses’ which takes effect from April 2013 for smaller unincorporated businesses. As a consequence of this change, HMRC are withdrawing some non-statutory ‘business mileage’ deductions... Read Full Article...

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Government publishes ‘Supporting automatic enrolment’

Under Pensions Auto Enrolment employers will have to automatically enrol eligible workers in a qualifying pension scheme and make pension contributions for those employees. The Auto Enrolment process is being rolled out in stages and the contributions... Read Full Article...

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Tax return amnesty

HMRC have launched a tax return ‘amnesty’ for those individuals who have been issued with a self assessment tax return or notice to complete a tax return for any year up to 2011/12 and have not completed... Read Full Article...

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Real Time Information and annual schemes

HMRC have received a number of requests since April 2013 from employers, asking for the status of their PAYE schemes to be changed to ‘annual’ which is only an option where employees are only paid once a... Read Full Article...

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Tax credits claimants have until 31 July to renew claims

HMRC are reminding tax credits claimants that they need to renew their claims by the 31 July deadline or their payments might stop. Nick Lodge, Director General of Benefits and Credits, said: ‘We are asking claimants to... Read Full Article...

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Gift Aid Small Donations Scheme

HMRC have published detailed guidance for charities and community amateur sports clubs (CASCs) on the new Gift Aid Small Donations Scheme (GASDS). Eligible charities and CASCs can claim payments from HMRC on small cash donations of £20... Read Full Article...

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Single Compliance Process

HMRC have been trialling a new approach to enquiries, known as the Single Compliance Process (SCP).  Following feedback from the trial HMRC have now agreed that the opening letter, which advises the taxpayer that they are to... Read Full Article...

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Employee share ownership

The Department for Business, Innovation and Skills (BIS) has published some useful guidance on employee share ownership following the Nuttall review. The documentation includes some company model documentation together with guidance for employees on taxation matters. Internet... Read Full Article...

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HMRC announce latest taskforces

The latest targets in HMRC’s sights are tax dodger’s involved in: • the holiday industry in Blackpool, Lake District, North Wales, Devon and Cornwall • restaurants in Yorkshire and Humber • road hauliers in the Midlands and • the fishing industry... Read Full Article...

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HMRC tax calculations process

Around 5.5 million people will receive tax calculations, P800s, between now and October. Will you be sent a letter and what should you do if you receive one? Are you on the Taxman’s P800 list? HMRC recently... Read Full Article...

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