AshleySmith

02

Dec2012

Autumn Statement 2012

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The Chancellor will deliver his Autumn Statement on  5 December 2012.  This will be closely followed by the release of the draft Finance Bill 2013 on 11 December 2012.  This year's Chancellor's statement is likely to push a few ideas ahead of next year's Budget to show some political momentum, ... Read More

30

Nov2012
Penalties for late real-time PAYE submissions will not be charged by HMRC until April 2014.  However, errors will be penalised from next April, it has been confirmed. For employers running real-time PAYE, no penalties will be imposed for late filing of returns for 2012/13 or 2013/14. The current penalty system will continue ... Read More

05

Nov2012
HMRC will start targeting businesses across the country later this month as it rolls out a new "fresh approach" to Business Records Checks (BRC) visits. As of 26 November HMRC will start visiting small and medium-sized businesses in London and East Anglia to check their records. The visits take place over a ... Read More

30

Oct2012
HM Revenue & Customs (HMRC) has launched a campaign aimed at around 400,000 people involved in direct selling, to help them understand their tax obligations. Marian Wilson head of HMRC Campaigns explains. Our latest campaign focuses on the growing number of people involved in direct selling - sometimes referred to as ... Read More

30

Oct2012
Taken from Calum Fuller's article on Accountancy Age website A QUARTER of small businesses are still unaware of incoming changes to the way tax filing changes to PAYE. Real-time information (RTI) is due to come into force from April 2013, and will see companies report changes as and when they occur, instead ... Read More

29

Oct2012
HMRC have announced a rule change for child benefit claimants with income over £50,000. If you expect your income to exceed £60,000, the point at which all child benefit is clawed back, you can opt for no benefit to be paid in the first place. However, HMRC have announced that ... Read More

26

Oct2012

Child Benefit Changes

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Thousands of parents are expected to receive letters from HMRC this month outlining changes to the way child benefit is claimed, including details of the new claw-back charge for higher earners. The new system, to be introduced from 7 January 2013, will impose the so-called high income child benefit tax charge ... Read More

25

Oct2012

Do you use Directgov website?

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GOV.UK launched on 17 October, initially replacing Business Link and Directgov. This is the first step towards making GOV.UK the definitive website for interacting with central government.

24

Oct2012
HM Revenue & Customs is developing a "Tracker" system that will help taxpayers and agents to monitor turnaround times for post, claims, and the like. The Tracker, which can be found on HMRC's website allows the querist to select the nature of the communication with HMRC (claim a refund, ... Read More

23

Oct2012

Autumn Statement 2012

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The dates for the Autumn Statement 2012 have been released. The Chancellor of the Exchequer, George Osborne, will begin proceedings on Wednesday 5 December at 12.30pm. The draft Finance Bill 2013 clauses are due for release six days later on the 11 December 2012. The Autumn Statement will provide an update ... Read More