Newsletter...
January 2012 Newsletter
In this month’s enews we report that HMRC have announced they will not charge penalties on Self Assessment returns filed up to two days late! We also include several articles on employment related issues.
Please contact us if you would like any further information.
- SELF ASSESSMENT DEADLINE AND PENALTIES
HMRC have announced that they will not impose late filing penalties on taxpayers who file their Self Assessment returns on 1 and 2 February 2012. The announcement has been made amongst fears that taxpayers would not be able to get through to HMRC's call centres on 31 January 2012 where strike action by some employees is anticipated............read more - ONLINE VAT RETURNS AND ELECTRONIC PAYMENTS
Since April 2010 most VAT registered businesses have been required to submit their VAT Returns online and pay any VAT due electronically. From 1 April 2012 all VAT registered businesses will be required to meet these requirements, apart from a very small number who will be exempt.........read more - PAYE TAX CODES
HMRC are issuing PAYE tax codes for 2012/13. These new coding notices, which are due to be issued between January and March 2012, will be used against employees pay from April 2012 onwards. It is important that these coding notices are checked carefully as an incorrect code will result in too little or too much tax being deducted from pay or pension payments........read more - HMRC NOW ABLE TO ACCEPT FASTER PAYMENTS
HMRC have announced that they are now able to accept payments made using the Faster Payments Service. This will allow you to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day........read more - GANGMASTERS AND TEMPORARY WORKERS FOR THE OLYMPICS
HMRC are warning employers who plan to take on more staff for the Olympic and Paralympic Games to check their ‘labour providers’. These ‘labour providers’ are agencies that supply temporary workers to meet seasonal and market demand and are sometimes called ‘gangmasters'.............read more - HMRC INTRODUCE NEW PROCEDURES FOR CIVIL FRAUD
As part of the government’s commitment to tackle fraud, HMRC’s new Contractual Disclosure Facility (CDF) will be launched on 31 January 2012. HMRC will contact a taxpayer, in writing, to inform them that they are suspected of serious tax fraud and offer them the opportunity to enter into a contract to disclose that fraud within 60 days...........read more - AGENCY WORKERS REGULATIONS
Under the Agency Workers Regulations, workers supplied by an agency become entitled to receive pay and basic working conditions equivalent to any directly employed employees after a 12 week qualifying period.........read more - UNEMPLOYMENT HIGH
The Office for National Statistics has released the latest employment statistics...........read more
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