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August 2011 Newswire

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.

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Key Dates

* 19 August 2011 - PAYE and NIC due for the month ended 5th August 2011. Submit Construction Industry Scheme return for the month ended 5th August 2011.

* If you pay online, the deadline is extended to 22nd of that month. Both dates refer to when the money should arrive in HMRC's account.

Taxpayers hit by HMRC hold-up

Around 500,000 people who complete self assessment tax returns will have to wait longer than normal to find out how much tax they have to pay, HM Revenue & Customs (HMRC) has announced.

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Businesses asked for views on tax and NI merger

The government is asking businesses for their views on integrating the income tax and national insurance contributions (NIC) systems.

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Tax specialists issue PAYE warning

Tax experts say there could be "grave consequences" unless problems with the PAYE system are resolved before the introduction of a new system.

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Retail rules to be relaxed in Red Tape Challenge victory

Retailers' lives are set to be made easier after the government said more than 160 regulations would be simplified or scrapped in the first changes to be introduced through its Red Tape Challenge.

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UK leads on foreign investment

A new report has shown that the UK is the top destination for foreign direct investment in Europe and the third worldwide.

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Businesses offered advice on reducing risk abroad

A new service has been launched to help UK companies learn about the security and business risks in 90 markets when working abroad.

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Information chief 'disappointed' at data protection checks take-up

Businesses should be more willing to undergo data protection audits, says the Information Commissioner.

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Conciliation service helps to head off more tribunals

Conciliation service Acas helped to prevent more than 13,000 workplace disputes between individuals and their employers from reaching an employment tribunal, its latest annual report has shown.

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Students urged to save on summer job tax

Students are being reminded that they may not have to pay any tax on the money they make from summer jobs.

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