June 2010
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).
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.
Changes to The Advisory Fuel Rates From 1 June 2010
Close companies, generally meaning family and owner managed companies, are subject to special rules in relation to loans or advances made to participators and their associates. Participators primarily means shareholders.
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.
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.
Holiday Entitlement
With signs that spring is finally here many employees will be planning or longing for their summer holidays.
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.
HMRC Warn of Email Rebate Scam
HMRC are warning that taxpayers are being emailed stating that they are entitled to a tax rebate.
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.