Newsletter...
May 2010 - ENEWS
In this month’s enews we include advice for those employers whose employees may suffer from World Cup fever! With an emergency Budget looming we will of course update you on any forthcoming changes.
Please browse through this month’s articles using the links below and contact us if any issues or questions arise.
- FLEXIBLE WORKING - THE WORLD CUP
Acas (the Advisory, Conciliation and Arbitration Service) is advising employers to be ready for the World Cup. Some employees will be expecting their employers to be flexible about working hours so that they can watch matches. Employers may also be worrying about their employees being less productive........read more - STATE PENSION AGE AND NATIONAL INSURANCE CONTRIBUTIONS
HMRC are reminding employers to take care when deciding whether or not their employees need to pay national insurance contributions (NICs). Employees do not need to pay NICs on reaching State Pension age (SPa). Some payroll software warns employers as women approach age 60...........read more - BUDGET DATE ANNOUNCED
The new coalition government is settling into office and a date has been announced for the emergency Budget. Chancellor of the Exchequer George Osborne will present the emergency Budget on Tuesday 22 June 2010. Some details of government proposals can be found in the Coalition Agreement which can be accessed using the link below.........read more - CHANGES TO THE ADVISORY FUEL RATES FROM 1 JUNE 2010
To reflect the increase in fuel prices, HMRC have issued new advisory fuel rates for employees driving employer provided cars. These take effect for all journeys undertaken from 1 June 2010, so employers using the advisory rates should advise affected employees and update any expense forms as soon as possible...........read more - CHILD TRUST FUND TO BE CUT
The government has outlined plans to make changes to the Child Trust Fund as part of plans to cut £6 billion in expenditure. The government intends to introduce secondary legislation to scale back government payments due to Child Trust Funds from 1 August 2010. From that date, payments at birth will be reduced from £250 to £50..........read more - ARE THERE VAT INCREASES AHEAD?
The British Chamber of Commerce are predicting that we should expect an increase in VAT to help deal with the country’s budget deficit. David Frost Director General of the British Chambers of Commerce (BCC) said.............read more - HOLIDAY ENTITLEMENT
With signs that spring is finally here many employees will be planning or longing for their summer holidays. Holiday entitlement is one of the complex areas which can cause employee dissatisfaction if not handled correctly, especially for those with part time or irregular hours. Since 1 April 2009 the minimum statutory holiday entitlement..........read more - P11D DEADLINE LOOMING
The forms P11D, and where appropriate P9D, which report employees’ and directors’ benefits and expenses for the year ended 5 April 2010, are due for submission to HMRC by 6 July 2010. The process of gathering the necessary information can take some time, so it is important that this process is not left to the last minute............read more - HMRC WARN OF EMAIL REBATE SCAM
HMRC are warning that taxpayers are being emailed stating that they are entitled to a tax rebate. These emails are being sent from a number of bogus email addresses. They inform recipients that they are entitled to a tax rebate and invite them to complete an online form to receive a rebate of tax..............read more
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