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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 - June 2013

New tax taskforces launched

The holiday industry in East Anglia, people in London claiming VAT repayments they are not entitled to and Northern Ireland’s restaurant trade are being targeted by new HM Revenue & Customs (HMRC) taskforces.

Launched on 13 May, the taskforces are seeking to recover £2.5 million in East Anglia, £2.9 million in Northern Ireland and more than £7.5 million in London, while also preventing further fraudulent repayments in the future.

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Consultancy charges to be axed for worker pension pots

The government is stepping in to tackle inappropriate charges in automatic enrolment pension schemes.

The Department for Work & Pensions (DWP) announced on 10 May that it would ban consultancy charges in such schemes.

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Offshore structures face crackdown

HM Revenue & Customs (HMRC) has teamed up with tax authorities in the United States and Australia to investigate data revealing the extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.

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PAYE tax payments in the spotlight

HM Revenue & Customs (HMRC) has started its annual end of year reconciliation to check whether PAYE taxpayers have paid the right amount of tax in 2012-13. 

HMRC said on 17 May that around 85 per cent of people in PAYE would have paid the right amount of tax for the year.

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RTI: new advice on national insurance numbers

Tax chiefs have issued new guidance to employers operating PAYE after HM Revenue & Customs (HMRC) issued a number of national insurance numbers that were missing a final letter.

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Bill set to strengthen IP rights

UK businesses wishing to protect their products and technologies through patents and design rights are set to benefit from a new Intellectual Property Bill.

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New employers offered expert advice

Small firms thinking about taking on their first employee are being offered a helping hand in new guidance launched by employment relations specialists Acas.

Its free Step by Step guides are designed to help small and medium-sized businesses get the best from their people and stay on the right side of the law.

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Look overseas, SMEs urged

A national initiative has been encouraging businesses across the UK to take advantage of high growth export markets.

Export Week, which ran from 13-17 May, is designed to boost the number of small businesses that export and help meet a government target of getting 100,000 more British SMEs exporting over the next five years.

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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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