Posted at 17:02h
in
News
by Helen Hughes
The once American practice of offering unpaid internships for individuals to gain useful work experience is being investigated by the HMRC as contravening the national minimum wage.
HMRC has been sent details of 100 companies accused of illegally using unpaid interns which the government has said...
Posted at 07:49h
in
News,
Tax Advice
by Helen Hughes
All payroll liability payments are to be made to a central HMRC bank account with effect from this tax year (all employee pay dates made on or after the 6th April 2013). Please read the HMRC's notice below for further detail of how this...
Posted at 07:50h
in
News
by Helen Hughes
The HMRC is continuing with its business record checks campaign to see if businesses are complying with their onerous business record keeping obligations.
From November 2012, thousands of small business owners and self-employed people across the UK started to receive letters informing them that their business...
Posted at 14:15h
in
News
by Helen Hughes
Government help is on its way for many families struggling with the huge costs of full-time childcare.
The government is to offer working parents tax breaks for childcare, with families able to claim up to £1,200 towards the costs of nannies or nurseries for each child...
Posted at 11:21h
in
News,
Tax Advice
by Helen Hughes
The HMRC estimates that over 5 million pounds of tax on property income is lost each year by private landlords failing to disclose their income and thus evade tax. A new crackdown on these individuals starts in the South East:-
Around a third of buy-to-let...
Posted at 12:55h
in
News
by Helen Hughes
If you or your spouse (or live in partner) earn over £50,000 and claim child benefit - you may need to complete a self-assessment tax return. Earnings between £50,000 and £60,000 allows some payments of child benefit but the amount payable is reduced as...
Posted at 13:26h
in
News,
Tax Advice
by Helen Hughes
Budget 2013 Report
Chancellor George Osborne announced his budget on Wednesday 20th March which contained several changes to the UK tax system. Essentially this budget was fiscally neutral meaning that all tax cuts announced were paid for by tax rises elsewhere.
Personal Income Tax
The basic personal...
Posted at 12:35h
in
News,
Tax Advice
by Helen Hughes
The latest focus of the HMRC's campaign against tax avoidance and evasion is centered around the loss of capital gains tax on the sale of second homes.
People who have sold properties that are not their main homes, and who have not told HMRC about any...
Posted at 12:18h
in
News
by Helen Hughes
The HMRC are introducing the largest change since the second world war to the way in which employers report their payroll with the introduction of RTI (Real Time Information) starting on the 6th April 2013
"As an employer, each time you pay an employee, you already...
Ebay sellers receive tax warning
Commercial traders are becoming a bigger feature of Ebay
Sellers on the auction website Ebay are being warned to check if they need to register as self-employed with HM Revenue and Customs (HMRC) and pay tax.
Research suggests that about 68,000 people make...