Welcome to our monthly newswire... |
 |
Our aim is to keep you up to date with ideas and information
that will help you gain the best possible advantages
in working with us. This newswire will be sent regularly
to help achieve this aim, and we hope you enjoy reading
them.
We operate a responsible email policy at CW Fellowes,
so if you do not wish to receive further copies of this
newswire, click
here to unsubscribe. |
|
Advisory Fuel Rates
To reflect the increases
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 July 2008 so employers wishing to use
the new rates should advise affected employees
and update any expense forms as soon as possible.
 Click
here to view full article...
|
|
|
|
HMRC Warning on Scams
 |
HMRC have updated
their guidance on scams. HMRC have become aware
of a new ruse to persuade unsuspecting taxpayers
to complete a form detailing their bank or credit
card details. The form implies that a tax refund
may be due and that this will be paid straight
into their bank account.
Click
here to view full article... |
|
|
Illegal Working
For many years, there
have been requirements for employers to verify
the identity of their workers in order to prevent
illegal working. Penalties under the Immigration,
Asylum and Nationality Act 2006 were increased
from 29 February 2008 and the Home Office UK
Border Agency website has been updated to show
a list of employers fined since the introduction
of the revised penalties. The website which lists
employers fined, by region, will be updated on
a monthly basis.
Click
here to view full article... |
|
|
|
Employees’ Mileage
Payments
 |
As you may be aware
there is a statutory system of tax and NIC free
mileage rates for business journeys in an employee’s
own vehicle. These mileage payments are known
as ‘Authorised Mileage Allowance Payments’ (AMAP).
Click
here to view full article... |
|
|
Tax Freedom Day
This year ‘Tax
Freedom Day’ fell on June 2. The statistics
make interesting reading in that the average
UK taxpayer spends more than five months of the
year working for the government as opposed to
working for themselves.
Click
here to view full article... |
|
|
|
National Minimum Wage
and Tips
|
An Employment Appeal
Tribunal has ruled in HMRC’s favour in
the case of Annabel’s Restaurant and Nightclub.
The case concerned the payment of tips through
a ‘tronc’, which is an arrangement
which sometimes operates in the restaurant industry.
The ‘tronc’ which operates as a separate
independent payroll, run by a ‘troncmaster’ is
used by some restaurants as a means of distributing
tips or service charges paid by customers. HMRC
have argued successfully that where the tips
are paid in this way they do not count towards
national minimum wage (NMW) entitlement.
Click
here to view full article... |
|
|
Surfing at Work
According to the
CBI the average UK office worker spends 95 minutes
of their working week surfing the web for personal
use. This they estimate costs the economy £10.6
billion a year.
Click
here to view full article... |
|
|
|
Tax Credits Renewal
 |
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 have a dip in normal levels
of income perhaps due to incurring trading losses.
Click
here to view full article... |
|
|
Increase in Personal
Allowances
Tucked away in a
recent issue of ‘Notes for payroll software
developers’ is a bit more information on
the timescale for the increase in the current
year’s personal allowance from £5,435
to £6,035 and the reduction in the higher
rate point from £36,000 to £34,800.
These changes mean that basic rate taxpayers
will benefit by £120 per tax year whilst
the position of higher rate taxpayers will be
unchanged.
Click
here to view full article... |
|
|
