Newsletter...
August 2012 - ENEWS
In this month’s enews we report that HMRC have revealed their most wanted tax fugitives.
Please do get in touch if you would like more information on any of the articles.
- HMRC REVEALS MOST WANTED TAX FUGITIVES
HMRC have published the photos and biographies of people they consider to be the top 20 tax fugitives in the UK, responsible for £765 million of tax evasion and fraud. HMRC are asking the public to help track down the individuals by contacting Crimestoppers. Most of the individuals are however now thought to be living outside the UK.........read more - HMRC ISSUE NEXT ROUND OF SELF ASSESSMENT PENALTIES
According to HMRC approximately half a million people still have not submitted their 2010/11 tax returns. HMRC have started to issue additional penalty letters to these individuals. HMRC have advised that the number of outstanding returns has almost halved in 2012, down to 5.9%, compared to 10.7% in 2011............read more - ADVISORY FUEL RATES FOR COMPANY CARS
New company car advisory fuel rates have been published to take effect from 1 September 2012. HMRC’s website states......read more - SUNDAY TRADING HOURS REFORM
Currently shops over 280m2 are only permitted to open for a maximum of six hours on a Sunday, between 10am and 6pm, although this restriction has been temporarily lifted, throughout the six week duration of the Olympics and Paralympics. In response to this trial period there have been calls to change the laws...........read more - HOLIDAY PAY AND SICKNESS CASE
The Court of Appeal has clarified the law regarding holidays and sickness. Under current law employees may take their annual leave while they are off sick but they can also choose not to and must be allowed to carry over their leave so as not to lose their entitlement............read more - TESCO FACES POTENTIAL FINES FOR ILLEGALLY EMPLOYING FOREIGN WORKERS
According to the Telegraph, Tesco is facing a fine of up to £200,000 for illegally employing foreign workers. According to the report: ‘Twenty foreign students of primarily Bangladeshi and Indian origin were arrested for working longer hours than their visas permitted, seven of whom have since been deported.........read more - LISTED PLACES OF WORSHIP GRANT SCHEME
The government announced in the Budget 2012 that the zero rate of VAT for approved alterations to listed buildings would be withdrawn, with effect from 1 October 2012. However, at the same time it was announced that the Listed Places of Worship (LWP) grant scheme would be extended to cover approved alterations to listed places of worship..........read more - HMRC LAUNCH NEW P46 FOR EMPLOYERS
HMRC have created a single page version of form P46 called P46 (Short) which enables employers to collect necessary information from new employees who do not have a form P45............read more - COASTAL COMMUNITIES FUND
Communities Secretary Eric Pickles has announced that six seaside projects are the first to receive government backing to help their coastal towns to prosper. The funds should help create new jobs and boost local enterprises. The £24 million Coastal Communities Fund was launched earlier this year to provide coastal towns with funds to help finance projects that can transform and diversify seaside economies.........read more - EMPLOYER EMAIL ALERTS
HMRC are reminding employers that they offer a free registration facility which enables employers to receive an email alert detailing changes in payroll procedures rather than a paper copy............read more
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