Newsletter...
June 2012 - ENEWS
In this month’s enews we update you on the changes to payroll reporting procedures for Real Time Information.
Please do get in touch if you would like more information on any of the articles.
- REAL TIME INFORMATION - GET READY
In April 2013 HMRC are introducing a new way of reporting PAYE information, known as Real Time Information (RTI). 'Real Time Information' means that employers, or their agents, will tell HMRC about employees’ pay and deductions on or before the time they are paid to the employees as part of their payroll process.........read more - SIX NEW TASKFORCES LAUNCHED BY HMRC
HMRC have announced that they have launched six new taskforces which will target traders who do not pay the right amount of tax. The taskforces will tackle..........read more - WORKING BEYOND STATE PENSION AGE
The Office for National Statistics has published a report looking at those working beyond state pension age. The report, ‘Older Workers in the Labour Market – 2012’ includes some interesting statistics.........read more - END OF EMPLOYMENT SETTLEMENT
The CBI have commented on the Business Secretary, Vince Cable’s plans to introduce simplified settlement agreements, designed to enable employers and employees to agree mutually acceptable terms for ending employment.........read more - P11D DEADLINE LOOMING – AVOID REJECTIONS
HMRC are reminding employers that the forms P11D, P9D and P11D(b) which detail expenses and benefits provided to employees for the tax year 2011/12 are due for submission to HMRC by 6 July 2012.........read more - NO CAP ON RELIEFS FOR CHARITABLE GIVING
Following representation from interested parties the government has announced that it no longer intends to proceed with the proposed capping of some tax reliefs including charitable giving. Plans to cap tax relief on charitable donations have been scrapped by Chancellor George Osborne in a reversal of one of the measures announced in the Budget.......read more - NO VAT INCREASE ON PASTIES
In the Budget it was announced that the government proposed to charge standard rated VAT on certain hot food items such as pasties. After campaigns by interested parties the government has now decided not to proceed with this change. The letter from David Gauke, the Exchequer Secretary, details the government’s revised approach.........read more
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