Newsletter...
July 2012 - ENEWS
In this month’s enews we report on the latest HMRC initiative. Please do get in touch if you would like more detail on any of the articles.
- THE TAX RETURN INITIATIVE
Higher rate taxpayers who have failed to submit tax returns are being offered the opportunity to come forward and pay up under a time limited HMRC campaign. The Tax Return Initiative is aimed specifically at people liable to pay higher rate tax that have been told to submit a self assessment tax return for 2009/10 or earlier, but have failed to do so...........read more - PENSIONS AUTO ENROLMENT
From October 2012 the largest employers will have to comply with Pensions Auto Enrolment. Employers will have to identify eligible jobholders and advise them of the employer’s obligations under the legislation. The staging date for those with more modest workforces may be some years off..........read more - REAL TIME INFORMATION
HMRC are advising that over 1,300 employers will join the Real Time Information (RTI) pilot between now and September 2012. Stephen Banyard, Acting Director General for Personal Tax, said: ‘RTI is on track and the pilot is going very well. We started in April with just 10 employers and now we’ve successfully received over 1.7 million.......read more - GUIDE TO IMPORTING AND EXPORTING
HMRC have updated their information pack ‘Guide to importing and exporting: Breaking down the barriers’. The information pack is a guide for those importing or exporting goods. It acts as a guide to help anyone getting started with importing / exporting and gives details of the procedures involved in these activities.........read more - ONLINE STARTING IN BUSINESS TAX GUIDE
HMRC have been working with interested parties to produce a ‘Starting your own Business’ e learning tutorial.......read more - OLYMPICS AND BUSINESS
With the Olympics upon us, Acas are advising employers to be aware of a number of issues the most likely of which is employees requesting more flexible working arrangements. Employers need to consider how they are going to minimise potential disruption so that businesses run smoothly whilst managing employee expectations...........read more - FUEL DUTY
The government has announced that the 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 August 2012 will be deferred to 1 January 2013.........read more - HMRC ANNOUNCE NEW TASKFORCES
HMRC expect the new taskforces they have launched to recover over £30m from tax dodgers. The latest round of taskforces to be announced will target traders who do not pay the right amount of tax in..........read more
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