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March 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 March 2011 - PAYE and NIC due for the month ended 5th March 2011 (non-electronic payments). Submit Construction Industry Scheme return for the month ended 5th March 2011.

22 March 2011 - PAYE and NIC due for the month ended 5th March 2011 (online payments).

23 March 2011 - Budget speech to the House of Commons.

14 April 2011 - Deadline for submission of forms CT61 and payment of any associated income tax for the quarter ended 31st March 2011.

Reminder on Tax Code Notice Change

Taxpayers are reminded that copies of the notices informing them of their tax code for the year 2011-2012, sent out during January, February and March, will no longer go to their tax agent or advisor.

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Record Numbers File Online

Record numbers of people completed their self assessment tax returns online this year, HM Revenue & Customs (HMRC) has revealed.

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Childcare Support Changes

Businesses are reminded that the rules on employer-supported childcare will change for higher and additional rate taxpayers from 6 April 2011.

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Time Running Out on Retirement at 65

Employers are reminded that they only have a limited time remaining to set in motion procedures to retire staff at the age of 65.

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Time to Pay Rejection Rate Rises

The percentage of Time to Pay requests refused by HM Revenue & Customs (HMRC) in 2010 was more than double the rate in 2009, according to new statistics.

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Right to Request Flexible Working Extended

Workers’ right to request flexible working is to be extended under a change to be introduced from 6 April, businesses are reminded.

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Whitehall Rapped on Quality of Case for New Business Regulations

An independent watchdog that reviews government proposals for new regulations affecting businesses says a “worryingly high proportion” fail to make a strong enough case.

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Time Running Out on State Pension Top-Up Offer

Around 70,000 people, mainly women, have until 5 April to boost their basic state pension and get backdated payments.

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‘Game Up’ Warning on Offshore Non-Compliance

New penalties of up to 200 per cent could be imposed on anyone hiding money offshore, HM Revenue & Customs (HMRC) has warned.

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Deliberate Defaulters Told ‘Taxman Will Be Watching You’

Tax cheats have been warned they face up to five years of detailed scrutiny by HM Revenue & Customs (HMRC).

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Company Car Changes Go Electronic

An important change to the way employers notify HM Revenue & Customs (HMRC) about replacement company cars will take effect from April 2011.

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SMES Urged To Keep Business Records in Shape

HM Revenue & Customs (HMRC) has launched new tools to help small businesses, sole traders and the self-employed keep their records in shape.

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