Latest labour market statistics

The Office for National Statistics has issued the latest labour market data for the three months to February 2015 which show that unemployment fell by 76,000 to 1.84 million. Neil Carberry, CBI Director for Employment and Skills said:... Read Full Article...

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Warning over pension scams

Those approaching retirement are being urged to be aware of a rise in pension scams, as criminals seek new ways to defraud pensioners. Savers have been urged to be aware of a rise in pension scams, as... Read Full Article...

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TPR guidance for small employers with no ‘staff’

The Pensions Regulator (TPR) has updated its guidance on pensions auto enrolment including what businesses need to do when they have no workers. If you would like help with auto enrolment please do get in touch. Internet... Read Full Article...

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Lack of awareness of VAT rules

According to research 36% of the UK’s smallest businesses are unaware of the rules governing VAT thresholds. A third of the UK’s smallest businesses are unaware of the rules governing VAT thresholds, recent research has revealed. This... Read Full Article...

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P11D forms – don’t get them wrong

HMRC have published a list of common errors in the completion of forms P11D. The information is part of the latest Employer Bulletin and we have reproduced the guidance below. Submitting duplicate P11D information on paper where... Read Full Article...

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VAT fuel scale charges

HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2015. VAT registered businesses use the fuel scale... Read Full Article...

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VAT recovery on car-derived vans and combi vans

HMRC have issued a list of makes and models of car derived vans and combi vans which VAT registered businesses can use to determine if the VAT paid on the purchase can be reclaimed as input tax. The... Read Full Article...

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Budget 2015

George Osborne presented the final Budget of this Parliament on Wednesday 18 March 2015. In his speech the Chancellor reported ‘on a Britain that is growing, creating jobs and paying its way’. Towards the end of 2014... Read Full Article...

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Personal tax rates and allowances

For those born after 5 April 1938 the personal allowance will be increased to £10,600. For those born before 6 April 1938 the personal allowance remains at £10,660. The reduction in the personal allowance for those with... Read Full Article...

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Tax bands and rates for 2015/16

The basic rate of tax is currently 20%. The band of income taxable at this rate is being decreased from £31,865 to £31,785 so that the threshold at which the 40% band applies will rise from £41,865... Read Full Article...

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