Newsletter...
April 2010 - ENEWS
This month’s enews contains several employer related articles following the end of the tax year. With a General Election looming we will of course update you on any forthcoming changes. Who knows what the following month will bring with the various parties and their election promises.
Please browse through this month’s articles using the links below and contact us if any issues or questions arise.
- PENALTY GUIDANCE ON LATE PAYMENT OF PAYE
HMRC have been warning employers for some time that they may have to pay a penalty if they do not pay their PAYE deductions on time. They have now issued more detailed guidance on the way in which the penalties will work. The penalties will apply to PAYE deductions due for a period starting on or after 6 April 2010 include PAYE.........read more - NATIONAL MINIMUM WAGE RATES
From October 2010, National Minimum Wage rates will increase from: £5.80 to £5.93 an hour for workers aged 21 and over, £4.83 to £4.92 an hour for workers aged 18 to 20, £3.57 to £3.64 an hour for workers aged 16 to 17. The government has extended the adult minimum wage rate to 21 (previously 22) year-olds from October 2010..........read more - FURNISHED HOLIDAY LETTING REPRIEVE
Getting the Finance Bill 2010 passed between when it was published on 1 April 2010 and the dissolution of Parliament on 12 April was always set to be a heavy load in spite of the fact that there were only 73 clauses and supporting schedules. That load was lightened as certain of the more unpopular proposals were dropped.........read more - HMRC OFFER ADVICE ON FRAUD EMAILS
HMRC are reminding taxpayers to be vigilant as there have been several reports of scam emails. Where taxpayers believe they may have been the victim of an email scam they should report the matter to their bank/card issuer as soon as possible. HMRC have previously advised that that those providing.........read more - P11D DEADLINE LOOMING
The forms P11D, and where appropriate P9D, which report employees and directors benefits and expenses for the year ended 5 April 2010, are due for submission to HMRC by 6 July 2010. The process of gathering the necessary information can take some time, so it is important that this process is not left to the last minute.........read more - VAT AND ROYAL MAIL POSTAGE
Some types of postal services offered by the Royal Mail will be subject to VAT from 31 January 2011. According to the latest information issued by HMRC. In broad terms, the proposed changes will mean that any service which is individually negotiated or not subject to any price and regulatory control will become liable to VAT.........read more - ONLINE SUBMISSION OF EMPLOYERS FORMS
The employer’s annual returns P35 and P14 (P60) are due for submission to HMRC by 19 May 2010. Broadly all employers must submit their forms online this year. Previously those employers with less than 50 employees could file paper forms. The final date for payment of PAYE, National Insurance Contributions..........read more
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