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.

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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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Accountants Lichfield

News - August 2013

UK leads way on inward investment

The UK has strengthened its position as the leading European destination for foreign direct investment (FDI), new figures show.

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Campaign offers chance to settle tax bills

HM Revenue & Customs (HMRC) has launched a new initiative to encourage more people to put their tax affairs in order, warning that they could face further investigation of their tax arrangements unless they do so.

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223bn in SME debt 'unprotected'

A freeze exempting small businesses from some new regulations is to be extended to larger enterprises.

Business Minister Michael Fallon announced on 6 June that the freeze exempting businesses with fewer than ten employees from burdensome new regulations would be extended to firms with up to 50 staff, and will continue from 2014.

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Auto-enrolment passes one millionth worker milestone

The millionth UK employee has now been automatically enrolled into a workplace pension.

The landmark figure was announced by the Pensions Regulator on 19 July, nine months after the largest firms began automatically enrolling employees into workplace pension schemes.

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NICs set to get simpler for self-employed

Plans to simplify the way self-employed people pay national insurance contributions (NICs) have been published for consultation by HM Revenue & Customs (HMRC).

HMRC launched the consultation on 18 July to explore whether it would be simpler and more straightforward to collect these contributions alongside Class 4 NICs and Income Tax through the self assessment process.

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New unit to tackle online piracy and counterfeit crime

A new police unit aimed at targeting intellectual property crime is to be created to help save the UK economy millions of pounds each year.

The unit, one of the first of its kind in the world, will tackle online piracy and other forms of intellectual property crime such as counterfeit goods.

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Employment tribunal fees take effect

A new system of fees for workers taking a claim to an employment tribunal has now been implemented.

Historically, there has been no charge for someone wishing to bring an employment tribunal claim against their employer or former employer.

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Expenses set to get simpler

A new regime of simplified expenses is now available for sole traders and business partnerships has now taken effect.

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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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