Johnson Murkett & Hurst

• PENSIONS AUTO ENROLMENT
  The Government has confirmed that pensions auto enrolment will commence in Autumn 2012 and all employers will remain within the scope of the rules. However small businesses, those with less than 50 employees, will be given additional time to prepare for the implementation...........read more
• ADVISORY FUEL RATES FOR COMPANY CARS
  New company car advisory fuel rates have been published to take effect from 1 December 2011. HMRC’s website states: ‘These rates apply to all journeys on or after 1 December 2011 until further notice, allowing them to reflect fuel prices more quickly. For one month from the date of change, employers may use either the previous or new current rates.........read more
• CAPITAL ALLOWANCES IN ENTERPRISE ZONES
  Following the Autumn Statement at the end of November 2011, more information is now available in respect of the proposal to give 100% first year allowances on plant and machinery expenditure for use in some Enterprise Zone areas.........read more
• SEED ENTERPRISE INVESTMENT SCHEME
  The government has released more information on the new Seed Enterprise Investment Scheme (SEIS) aimed at smaller companies. The proposals include the following..........read more
• STATUTORY RESIDENCE TEST
  The government has been consulting on introducing a Statutory Residence Test (SRT). The test which was expected to be introduced from 2012 has been delayed until 6 April 2013. More details are expected to be announced in the 2012 Budget. There is currently no definition of ‘residence’ in UK tax law and yet the liability to income tax.........read more
• SELF ASSESSMENT DEADLINE FAST APPROACHING
  HMRC are reminding taxpayers that the deadline for filing self assessment tax returns is fast approaching. According to their website: ‘You must send your online tax return by midnight on Tuesday 31 January 2012. The deadline is only later than this if you received your tax return, or the letter telling you to complete a tax return........ read more
• THE PORTAS REVIEW
  The CBI commented on a report by Mary Portas on the future of the high street. Dr Neil Bentley, CBI Deputy Director-General, said: ‘Retail represents about 10% of our economy, and the high street is a vital part of this. The Portas Review makes some sensible suggestions about how we can inject life back into town centres...........read more
• HMRC TO ACCEPT FASTER PAYMENTS
  HMRC have announced that they will now accept payments made using the Faster Payments Service. This will allow taxpayers to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day. HMRC advise that if you want make payments using this method you should..........read more
• 2012/13 STATUTORY PAYMENTS
  HMRC have announced the following statutory payment rates which are due to take affect for 2012/13. These rates are still subject to Parliamentary approval and HMRC will confirm the rates before 1 April 2012...........read more

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