Newsletter...
June 2011 - ENEWS
In this month’s enews we report on HMRC’s plans to extend their ‘tax cheats’ campaigns.
Please browse through the articles using the links below and contact us if any issues or questions arise.
- HMRC EXTEND ‘TAX CHEATS’ CAMPAIGNS
HMRC have announced that they will be launching new campaigns over the next year targeting VAT defaulters, private tutors and e-marketplaces. HMRC will use more IT, such as ‘web robot’ software, to search the internet and find targeted information about specified people and companies........read more - ANOTHER EMAIL SCAM WARNING FROM HMRC
HMRC are once again alerting taxpayers to a surge of fake ‘phishing’ emails sent out by fraudsters in the run-up to the tax credits renewal deadline. The email informs the recipient they are due a tax rebate and provides a click-through link to a cloned replica of the HMRC website. The recipient is asked to provide their credit or debit card details..........read more - WORKPLACE PENSIONS REFORM
The government has introduced measures aimed at encouraging greater private saving which includes workplace pension reforms. New legal obligations will require employers to automatically enrol their eligible jobholders into a qualifying pension scheme. A new workplace pension scheme called NEST............read more - CONSULTATION ON RESIDENCY
Over recent weeks, HMRC have issued numerous consultation documents totalling hundreds of pages. One of these details how individuals will be judged to be resident or not resident in the UK for tax purposes. The government proposes to introduce a statutory residence test (SRT)..........read more - THE BRIBERY ACT
The Bribery Act 2010 comes into force on 1 July 2011. The new Act replaces, updates and extends the existing UK law against bribery and corruption. This important new legislation: introduces a corporate offence of failure to prevent bribery by persons working on behalf of a business.......... read more - TAX CREDITS RENEWAL DEADLINE
Tax credits are state benefits which are generally available to lower income families. However, entitlement to the credits is significantly increased where individuals pay for childcare or suffer a drop in normal levels of income perhaps due to incurring trading losses or redundancy.............read more - CHANGES TO THE LAW TO PROTECT PATENT AND DESIGN RIGHTS
The government has announced that it expects small and medium sized businesses to benefit from a new law which gives them easier access to justice to protect their patent and design rights. The introduction of a damages cap of £500,000 for claims made in the Patents County Court (PCC) means smaller businesses seeking damages...........read more - P11D DEADLINE LOOMING
The forms P11D, and where appropriate P9D, which report benefits and expenses for both employees and directors for the year ended 5 April 2011, are due for submission to HMRC by 6 July 2011............read more
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