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Thursday 1 March 2012

Walker Thompson Newsletter 53

Please click on any of the headings below for more information about each subject.

ONLINE VAT RETURNS

From April 2012, businesses (with very few exceptions) will have to file their VAT Returns online and pay their liability electronically. If you are not already online, now is the time to set it up.

EU COOKIES

The Information Commissioner’s Office (ICO) has published guidelines on the business use and storage of cookies.

PENSIONS AUTO ENROLMENT DATES DEFERRED FOR SMALLER EMPLOYERS

The timetable for the introduction of Pensions Auto Enrolment has been revised for smaller employers.

NEW APPROACH TO RECORDS CHECKS FROM HMRC

HMRC have announced that they intend to make changes to their business records checks programme following a review of the pilot scheme.

PAY UP ON TIME

A new guide ‘Get Paid!’ has been published. The guide which is aimed at smaller businesses contains tips and advice from both suppliers and customers. The guide covers advice on invoicing and developing a robust credit policy.

HMRC LATEST TARGETS

HMRC have announced that they will turn their attention to those involved in home improvement trades and direct selling (online market sellers) in their next round of Tax Catch Up Plans.

CLEAN UP YOUR PAYROLL DATA

HMRC have launched a new online video to help employers reduce the problems caused by inaccurate employee data.

SELF ASSESSMENT STATISTICS

According to HMRC a record 9.45 million self assessment tax returns were filed on time this year and a record 7.65 million (80.9% of them) were filed online.

BUDGET FOR GROWTH

The CBI is calling for a Budget to help businesses. To read more information on the CBI’s recommendations visit the link below.

PENALTIES FOR FAILING TO FILE PAYROLL FORMS ONLINE

HMRC have confirmed in the latest Employer Bulletin that they intend to impose penalties on all employers who fail to send their payroll starter and leaver forms online from April 2012.



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