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January E-news In this month’s enews we report that HMRC have announced they will not charge penalties on Self Assessment returns filed up to two days late! We also include several articles on employment related issues. Please contact us if you would like any further information. CONTENTS Self Assessment deadline and penalties Online VAT returns and electronic payments PAYE tax codes HMRC now able to accept Faster Payments Gangmasters and temporary workers for the Olympics HMRC introduce new procedures for civil fraud Agency Workers Regulations Unemployment high December E-news In this month’s enews we report on some further announcements made following the Autumn Statement. Please browse through this month’s articles using the links below and contact us if any issues or questions arise. With best wishes for 2012. CONTENTS Pensions Auto enrolment Advisory fuel rates for company cars Capital allowances in Enterprise Zones Seed Enterprise Investment Scheme Statutory Residence Test Self assessment deadline fast approaching The Portas Review HMRC to accept Faster Payments 2012/13 Statutory Payments Chancellors Autumn Statement -An Update November E-news In this month’s enews we report on various issues including the Chancellor’s Autumn Statement and HMRC’s latest targets. Please contact us if you would like any further details on any of the issues covered. CONTENTS Autumn Statement New HMRC Taskforces VAT and duty on shopping Parties for employees Consultation – have your say Fighting Customs and Excise fraud and tax evasion Unemployment rises to 2.62 million EU VAT registration letter scam Chancellors Autumn Statement October E-news In this month’s enews we report on HMRC’s latest disclosure opportunity. Please contact us if you would like any further details on any of the issues covered. CONTENTS HMRC launch the Tax Catch Up Plan Plan to boost the economy HMRC extend Business Records Checks Make sure your employee information is correct National Insurance Numbers - by letter HMRC issue updated guidance for employees on childcare Importing and Exporting Guide September E-news In this month’s enews we report on increases to the NMW rates Please contact us if you would like any further details on any of the issues covered. CONTENTS National Minimum Wage rates Advisory fuel rates for company cars Agreement with Switzerland to secure billions in unpaid tax Unemployment figures HMRC reminder on new tax return penalties School Charities - Gift Aid and Payroll Giving guide Revised construction industry penalties HMRC report increase in phishing scams August E-news In this month’s enews we report on HMRC’s announcement of a Civil Disorder Helpline. Please contact us if you would like any further details on any of the issues covered. CONTENTS HMRC Civil Disorder helpline Pensions online interactive tools ‘Ghost’ plumbers arrested in tax raids Autoclenz status case Closure of HMRC's old bank accounts Data Protection Breach HMRC update advice on delayed statements Enterprise Zones Attend our FREE Tax Seminar
Sheffield - Wednesday 21 September July E-news In this month’s enews we report on the late issue of taxpayer statements and penalty notifications. Please contact us if you would like any further detail on any of the issues. CONTENTS HMRC late issuing statements Tribunal criticises HMRC for delay in issuing penalties Online Olympics advice Payments Council to keep cheques HMRC target businesses not registered for VAT Tax credit fraud Holiday entitlement Real Time Information Pensioners losing out on vital income, says specialist Hundreds of newly-retiring South Yorkshire workers with medical conditions are potentially missing out on thousands of pounds of pension entitlement, a pension specialist warned today. Nigel Smith, Director of Sheffield-based Hawsons Wealth Management, estimates that up to two thirds of retirees buying annuities with pension funds do not realise that if they are taking prescription medicines they may be able to secure a much better return.
“Insurers offer these higher rates because of shorter life expectancy and we regularly come across instances where finding an improved rate for a client can produce far greater income than initially offered. That could make a huge difference to someone’s lifestyle in retirement.” “Even in good health it pays to seek advice and shop around as annuity rates vary dramatically between providers and quite often the rate offered by your existing pension provider is not the best.” Jump in activity boosts deals market A marked year-on-year increase in its deals activity could be a clear indication that buyers and sellers of businesses are becoming more confident in the market, a Sheffield firm of Chartered Accountants and specialist business advisers says today. Kevin Gregory, a partner with Hawsons, of Glossop Road, Sheffield, points to a pick-up in the number of sales and acquisitions they have been involved in, particularly since Christmas, as an indication of brighter times ahead. He adds: “I think sellers who had been sitting tight because of depressed values caused by difficult economic times are now more optimistic that they can achieve a more favourable price and, correspondingly, buyers have a new confidence about the future. The two elements have come together to produce a more active market.” Recent deals in which Hawsons have played a part include the management buy-out of Bakewell Veterinary Clinic, the acquisition of Evergreen Doors by Distinction Doors Ltd., of Wentworth Industrial Estate, Tankersley, Barnsley, and the acquisition of HallRail of Tyne and Wear by Doncaster-based Trackwork Ltd. Chris carries on Hawsons’ tradition Chris Hill, general practice partner with leading Sheffield-based independent chartered accountants and specialist business advisers Hawsons, has been elected vice-president of the Sheffield and District Society of Chartered Accountants. Father-of-two Chris, from Broomhill, Sheffield, will take over as president in May 2013, following in the footsteps of Hawsons’ founder member Alfred Allott who was the Society’s first president in 1877, and William George Hawson, a former partner, who held office in 1886. Current managing partner, Richard Frost, is also a past president of the Society. June E-news In this month’s enews we report on HMRC’s plans to extend their ‘tax cheats’ campaigns. Please browse through the articles using the links below and contact us if any issues or questions arise. Please do get in touch if you would like more detail. CONTENTS HMRC extend ‘tax cheats’ campaigns Another email scam warning from HMRC Workplace pensions reform Consultation on residency The Bribery Act Tax credits renewal deadline Changes to the law to protect Patent and Design rights P11D deadline looming May E-news In this month’s enews we report on HMRC’s plans for compliance checks and important information for employers and employees. Please do get in touch if you would like more detail. CONTENTS Advisory fuel rates for company cars HMRC trial single compliance process CBI survey on sick days and the impact of fit notes HMRC warn of email rebate scam Flexible working consultation HMRC’s new task force to tackle ‘tax dodgers’ Agency workers guidance HMRC's Basic PAYE Tools update HSE launch Health and Safety Made Simple April E-news In this month’s enews we report on many employer related issues including the announcement of the new National Minimum Wage rates. Please do get in touch if you have any queries. CONTENTS Real Time Information Cheque Guarantee Card Scheme to end Penalties on late payment of PAYE National Minimum Wage rates P11D deadline looming Online VAT returns Implementation date announced for the Bribery Act 2010 March E-news This month’s enews is dominated by the Budget. George Osborne had some significant announcements to make which are set out below. We also report on other news. Please browse through this month’s articles using the links below and contact us if any issues or questions arise. CONTENTS Budget Statement Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) Corporation tax rates Approved mileage allowance payments (AMAP) Entrepreneurs’ Relief (ER) Research and Developments (R&D) Tax Credits Enterprise Zones £1.3 million tax credits identity thief jailed HMRC launch business records tools Plumbers Tax Safe Plan Fuel Prices Help for small businesses HMRC online services unavailable Standard rate of VAT- updated guidance Retirement and the removal of the Default Retirement Age Budget 2011
Full details of the 2011 Budget click here Budget 2011 Tax rates
2011 Budget Tax Ratesclick here Year End Tax Planning Supplement |