LATEST NEWS |
 |
| PAYE in the Spotlight |
|
| HMRC Under Fire over Income Tax Cases Backlog |
|
| Online VAT Deadline Looming |
|
| Tax Set To Be Made Simpler |
|
| Get Ready For New Equality Act |
|
| View all |
|
| Archive News |
Business News - September 2009
Changes to LLP Regulations
These changes come in to force from 1 October 2009, some further provisions of the CA 2006 will apply to LLP Regulations.
Companies House Changes
These changes come in to force from 1 October 2009, there will be a few changes to the Registrar’s rules in terms of filing accounts and Companies House forms.
HM Revenue & Customs Launch Second (and Final ?) Offshore Disclosure Initiative
HM Revenue & Customs (HMRC) have confirmed details of their second, and probably final, initiative to encourage people to disclose previously undeclared sources of offshore income and settle the resulting tax liabilities at a favourable penalty rate.
Increase In Pay For Apprentices
From 1 August 2009 the national minimum wage (NMW) for apprentices increased from £80 to £95 per week.
‘False Self-Employment’ In The Construction Industry
The government has been looking at the best way to address the issue of what they believe is ‘false self-employment’ in the construction industry.
HMRC Warn Of More Scam Emails
HMRC have updated their guidance on scam emails as they are aware that a large number of individuals are receiving emails offering tax rebates.
‘Paper’ Tax Return Deadline Looming
For those wishing to complete paper self assessment tax returns, the filing deadline of 31 October 2009 is fast approaching.
VAT Increase To 17.5%
HMRC have issued guidance for businesses dealing with the increase in the standard rate of VAT from 15% to 17.5%. The change takes effect from 1 January 2010. They hope that by issuing the guidance well in advance of the change that businesses will have sufficient time to prepare.
Pension Changes Ahead
Under provisions contained in the Pensions Act 2008 employee pension enrolment and employer contributions are to be made compulsory.
Redundancy Pay
The weekly maximum pay which can be taken into account when calculating statutory redundancy pay is set to increase from 1 October 2009.
Cross-Border VAT Changes 2010
HMRC have issued important updates in advance of the changes in the place of supply of services rules which take effect from 1 January 2010.
