September 2012 - ENEWS
In this month’s enews we report on HMRC’s guidance on a number of issues including those relevant to businesses, employers and individuals.
- AUTUMN STATEMENT 2012
The government has announced that the Autumn Statement will be made by the Chancellor of the Exchequer, George Osborne, on Wednesday 5 December at 12.30pm..........read more
- CHECK YOUR NATIONAL INSURANCE NUMBER
HMRC have announced a new procedure whereby individuals can email them for written confirmation of their National Insurance number using form CA5403..........read more
- WHAT IS A CAR, COMMERCIAL VEHICLE OR MOTOR HOME FOR VAT?
For VAT purposes it is vital to know the difference between cars and other vehicles. This is because in most cases, VAT registered businesses cannot reclaim the input VAT incurred when they purchase a car. Generally businesses are able to reclaim the input VAT when they buy a commercial vehicle...........read more
- VAT GUIDANCE
HMRC have announced the publication of guidance covering the changes to address VAT borderline anomalies announced at Budget 2012. The majority of the changes take effect from 1 October 2012. The changes which relate to caravans will however take effect from 6 April 2013............read more
- SEED ENTERPRISE INVESTMENT SCHEME GUIDE
The Enterprise Investment Scheme (EIS) has been in place for a number of years and provides tax relief for individuals prepared to invest in new and growing companies. Investors can obtain generous income tax and capital gains tax reliefs for their investment and companies can use the relief to attract additional investment to develop their business..........read more
- NATIONAL MINIMUM WAGE RATES
The National Minimum Wage (NMW) rates from 1 October 2012 are as follows..........read more
- GET PAID: A GUIDE FOR OWNERS AND MANAGERS OF SMALL BUSINESSES
The CBI is backing a new guide which encourages good practice among suppliers and customers. The guide offers advice to businesses to ensure that they get paid by their customers and also pay their suppliers on time..........read more
- HMRC LAUNCH TRACKER - WHERE'S MY REPLY?
HMRC have announced the introduction of a new tracker service. Agents, employees and those paying tax on company pensions through PAYE can use a new tracker to find out when to expect to receive a reply to their enquiry from HMRC.........read more
- DOES YOUR BUSINESS STILL NEED AN AUDIT?
The government has announced key changes to company and LLP audit and reporting requirements. The changes remove the need for many more companies and LLPs to have an audit and apply to financial years ending on or after 1 October 2012..........read more
- NEW PROPOSALS TO STREAMLINE EMPLOYMENT LAW
Vince Cable has announced measures to give employers more flexibility in managing their workforce by reducing employment law red tape.........read more
Previous ENEWS Archives