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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.

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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.

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News - April 2013

SMEs get £70 million funding boost

Small and medium-sized businesses (SMEs) are set to receive a £70 million lending boost as part of government action to increase the availability of finance.

Three new lenders – Market Invoice, URICA and Beechbrook Capital – will share more than £30 million of government funding to offer SMEs alternatives to traditional bank lending.

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HMRC plans home visits service

A home visit from the taxman could become a reality for some taxpayers under a new service to be piloted by HM Revenue & Customs (HMRC).

HMRC is planning to shut down its Enquiry Centre network in 2014 and provide face-to-face support when required to an estimated 1.5 million taxpayers who need extra help with their tax affairs.

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Employment tribunal rules to change

New rules designed to streamline the employment tribunal process are set to come into force this summer.

Employment Relations Minister Jo Swinson announced the measures on 14 March in its response to a 2011 review of the rules of procedure for employment tribunals.

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Auto-enrolment set to become more ‘user-friendly’

Proposals to improve the automatic enrolment process have been published by the Department for Work and Pensions.

Feedback received from employers, payroll service providers and the pensions sector since the roll-out of automatic enrolment into workplace schemes began last October has helped to shape a consultation launched by the department on 25 March.

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Going online makes VAT easy, says HMRC

Tax chiefs are urging new businesses that need to register for VAT to do it online.

HM Revenue & Customs (HMRC) said on 11 March that registering for VAT online was easier, more secure and faster than using a paper form.

The online system provides on-screen help and an immediate on-screen acknowledgment that HMRC has received an application, as well as automatic enrolment for HMRC’s VAT Online service, for e-submission of returns. It also means the business’s VAT certificate is available online.

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Tax relief set to help bosses manage sickness absence

Businesses are to benefit from tax relief when they pay to help their employees return to work after sickness.

Employers will receive tax relief on expenditure of up to £500 on support such as specialist equipment or treatment that has been recommended by a new health and work assessment and advisory service.

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Employers urged to tighten up on personal device use

Employers are being urged to be less relaxed about employers who use a personal laptop, tablet computer or smartphone for work and could be placing people’s personal information at risk.

A YouGov survey commissioned by the Information Commissioner’s Office (ICO) found that 47 per cent of all UK adults now use their personal smartphone, laptop or tablet computer for work purposes, an approach known as bring your own device (BYOD).

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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

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