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25 August 2016

The new apprenticeship levy will commence in England from 6 April 2017 at a rate of 0.5% of the

10 September 2015

A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for your employees.

The expenses or benefits included in a PSA must be defined as one of the following;

  • minor - e.g. a small birthday present
  • irregular - e.g. one-off relocation expenses...
10 September 2015

The Low Income Tax Reform Group (LITRG) was established in 1998 to improve the policy and processes of the tax, tax credits and associated welfare systems for the benefit of those on low incomes. The LITRG has recently published a new press release giving advice to taxpayers who missed the 31 July 2015 tax credits renewals deadline.

Taxpayers that have not renewed their tax credits...

10 September 2015

The Government has introduced a package of new measures to help ensure that employers pay their staff at least the minimum wage they are entitled to. The fair pay measures will also ensure that employees that are entitled to the new National Living Wage coming into effect next April are also paid what they are owed.

The new measures will see the penalties for non-payment of the National...

10 September 2015

A Chinese restaurant owner has been found guilty of tax fraud and jailed for 20 months following an investigation by HMRC. The restauranteur, David Ying Chung Lai, fraudulently claimed more than £100,000 in VAT repayments.

HMRC were first tipped off about the fraud when they noticed that the forged invoices contained spelling mistakes. In March 2012, a HMRC compliance officer spotted a...

10 September 2015

The Chancellor, George Osborne has announced that he will make his Autumn Statement to the House of Commons on 25 November 2015. The Chancellor will also publish a Spending Review on the same date. The Autumn Statement will be used to give an update on the state of the economy and will respond to the economic and fiscal outlook published by the independent Office for Budget Responsibility....

03 September 2015

The deadline for the submission of a VAT refund request for expenses incurred in other EU member states during the 2014 calendar year is30 September 2015. VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who bought goods or services for business use. There are a number of conditions which must be met in order for a claim to qualify....

03 September 2015

The latest advisory fuel rates became effective from 1 September 2015. Fuel rates are reviewed four times a year with changes taking effect on 1 March, 1 June, 1 September and 1 December.

The rates are as follows:

Engine size Petrol – amount per...
03 September 2015

The Money Laundering Regulations (MLR) are designed to protect the UK financial system and put in place certain controls to prevent businesses being used for money laundering by criminals and terrorists. HMRC has found that criminals are using ever more sophisticated techniques, for example creating fake audit trails, identity documents and accounting records; abuse of banks' cash deposit...

03 September 2015

Taxpayers that continue to submit paper Self Assessment returns are reminded that the deadline for submitting the 2014-15 return is 31 October 2015. Late submission of a Self Assessment return will become liable to a £100 late filing penalty. The penalty will apply even if there is no liability or if any tax due is paid in full by 31 January 2016.

We would recommend that anyone still...

03 September 2015

As part of the Summer Budget measures, the Chancellor announced the creation of a new National Living Wage from April 2016. A recent policy paper published by The Department for Business, Innovation & Skills (BIS) has now provided more detail about its introduction.

The National Living Wage will initially be set at £7.20 per hour for the over 25’s. Separately, the National Minimum...

27 August 2015

HMRC has updated its list of deliberate tax defaulters. The list includes individuals, businesses and companies and the amounts on which penalties are due and the amount of penalties charged. The details of a tax defaulter will be held on HMRC’s website for a maximum of twelve months from the date they are first published and are not stored within the national archives.

A deliberate...

27 August 2015

HMRC has issued an advisory note to let employers know that it is in the process of emailing an employer alert. These emails are titled Important information for employers and refer to Employer Bulletin 55. These emails are genuine and include valid links to pages on the GOV.UK website. HMRC is also sending text messages to some taxpayers who have fallen behind in making payments. These texts...

27 August 2015

The Ministry of Justice (MOJ) has published a new consultation document on plans to introduce new Court and Tribunal fees. This consultation follows on from earlier measures that saw the introduction of fees for some Tribunals. Currently there are no fees charged in either the Tax Chamber or the Upper Tribunal (Tax and Chancery). The new proposals seek interested parties' views on the...

27 August 2015

A charge for single use carrier bags is to be introduced in England. With effect from 5 October 2015, a minimum charge of 5p will be introduced on single use carrier bags supplied. This new charge in England is the equivalent of the levy in place in Wales, Scotland and Northern Ireland.

The charge is expected to dramatically reduce the number of carrier bags used in England and will...

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