Latest News

New Worldwide Disclosure Facility launched by HM Revenue & Customs

HM Revenue & Customs (HMRC) has announced the creation of a new Worldwide Disclosure Facility (WDF) that will allow people to ensure their affairs are correct before the Common Reporting Standard (CRS) comes into force on in October 2018.

Read more Read more

More than a third of companies unaware of apprenticeship levy

New research from the British Chambers of Commerce (BCC) has revealed that more than one in three businesses have not heard of the apprenticeship levy.

Read more Read more

Contact a chartered accountant

Contact us Today!
01543 250888

Budget 2016

Read our Summary

Accountants Lichfield

News - June

The Budget 2010

22 June 2010

Chancellor of the Exchequer George Osborne delivered his first Budget less than three months after the final Budget of the last parliament. The Conservative Party had promised an ‘emergency’ Budget during the election campaign, with a view that quicker action was needed to bring down the UK’s record budget deficit. While the recession officially ended in the last quarter of 2009, recovery has been sluggish and Mr Osborne, together with his coalition partners from the Liberal Democrats, has had to balance the need to raise taxes and cut spending with the dangers of provoking a ‘double dip’ recession.

Read more Click here for details


Flexible Working – The World Cup

Acas (the Advisory, Conciliation and Arbitration Service) is advising employers to be ready for the World Cup. Some employees will be expecting their employers to be flexible about working hours so that they can watch matches. Employers may also be worrying about their employees being less productive, hung over or sick following over enthusiastic celebrations.

Read more Click here for details


State Pension Age and National Insurance Contributions

HMRC are reminding employers to take care when deciding whether or not their employees need to pay national insurance contributions (NICs). Employees do not need to pay NICs on reaching State Pension age (SPa). Some payroll software warns employers as women approach age 60 to check their national insurance status as previously women would have been exempt from the employee contribution from age 60. This warning may now be being issued too early.

Read more Click here for details


Budget Date Announced

The new coalition government is settling into office and a date has been announced for the emergency Budget. Chancellor of the Exchequer George Osborne will present the emergency Budget on Tuesday 22 June 2010.

Read more Click here for details


Changes To The Advisory Fuel Rates From 1 June 2010

To reflect the increase 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 June 2010, so employers using the advisory rates should advise affected employees and update any expense forms as soon as possible.

Read more Click here for details


Child Trust Fund To Be Cut

The government has outlined plans to make changes to the Child Trust Fund as part of plans to cut £6 billion in expenditure.

Read more Click here for details


Are There VAT Increases Ahead?

The British Chamber of Commerce are predicting that we should expect an increase in VAT to help deal with the country’s budget deficit.

Read more Click here for details


Holiday Entitlement

With signs that spring is finally here many employees will be planning or longing for their summer holidays. Holiday entitlement is one of the complex areas which can cause employee dissatisfaction if not handled correctly, especially for those with part time or irregular hours. Since 1 April 2009 the minimum statutory holiday entitlement has been 5.6 weeks inclusive of Bank Holidays, the equivalent of 28 days for those employees working a five day week. Employers may of course offer more holiday if they wish.

Read more Click here for details


P11D Deadline Looming

The forms P11D, and where appropriate P9D, which report employees’ and directors’ benefits and expenses for the year ended 5 April 2010, are due for submission to HMRC by 6 July 2010. The process of gathering the necessary information can take some time, so it is important that this process is not left to the last minute.

Read more Click here for details


HMRC Warn Of Email Rebate Scam

HMRC are warning that taxpayers are being emailed stating that they are entitled to a tax rebate. These emails are being sent from a number of bogus email addresses. They inform recipients that they are entitled to a tax rebate and invite them to complete an online form to receive a rebate of tax.

Read more Click here for details


HMRC Takes Hard Line on Time to Pay Applications

The number of companies being refused more time to pay tax bills has doubled, new figures have revealed.

Read more Click here for details


Peter Hearne Associates Limited - Accountants in Lichfield
2 Parkside Court, Greenhough Road, Lichfield, Staffordshire, WS13 7FE.
Tel: 01543 250888 | Fax: 01543 250535 | Email: peter@phalichfield.com
VAT no: 705 1249 65 | Company registration no: 04207720

Accountants in Lichfield | Accountants in Tamworth | Accountants in Burntwood
Accountants Website by JE Consulting

Accountants Lichfield Blog

Birmingham Directory