Trusts with small amounts of savings income
Posted on Wednesday, September 4th, 2019
In the latest Trusts and Estates Newsletter HMRC has confirmed the continuation of the interim arrangement for interest reporting. In 2016 the requirement for payers to deduct tax at source on bank and building society interest was... Read Full Article...
Advisory fuel rates for company cars
Posted on Wednesday, September 4th, 2019
New company car advisory fuel rates have been published which take effect from 1 September 2019. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’.... Read Full Article...
PAYE late filing and late payment penalties
Posted on Wednesday, September 4th, 2019
HMRC has confirmed that it will continue its risk-based approach to payroll Real Time Information (RTI) late filing and late payment penalties this tax year. Rather than late filing and late payment penalties being issued automatically, HMRC... Read Full Article...
Self assessment deadlines
Posted on Wednesday, September 4th, 2019
Two self assessment deadlines are approaching: 5th October 2019 For those individuals who have not previously completed a tax return but need to report a liability for 2018/19. 31st October 2019 For those individuals who have previously... Read Full Article...
HMRC latest guidance for employers
Posted on Wednesday, September 4th, 2019
HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: Class 1A liabilities payable on Termination Awards and Sporting Testimonial Payments Off-payroll working rules from April 2020... Read Full Article...
Strong Customer Authentication
Posted on Wednesday, September 4th, 2019
The Financial Conduct Authority (FCA) has agreed a plan to give the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA). From 14 September 2019, new European Union (EU) rules apply that impact how... Read Full Article...
UK Investment Support Directory
Posted on Monday, August 19th, 2019
International investors who wish to set up and expand their operations in the UK can now benefit from an online tool launched by the Department for International Trade (DIT). The new tool, termed the UK Investment Support... Read Full Article...
Payment on account confusion
Posted on Monday, August 19th, 2019
Under self assessment taxpayers are required to make payments on account of their tax liabilities. The payment on account instalments consist of two payments on account of equal amounts: the first on 31 January during the tax... Read Full Article...
New measures to ensure small businesses get paid on time
Posted on Monday, August 19th, 2019
The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust... Read Full Article...
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Employer Bulletin – latest guidance
Posted on Monday, August 19th, 2019
HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration Rules re-enrolment of staff back into a... Read Full Article...