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Monday 29 October 2012

HMRC win on Penalties

THE TAXMAN has won a landmark ruling to claim several months' worth of fines from a late PAYE filer.  The company, Hok, will have to pay accumulated fines for the late filing of an employer's PAYE return to HMRC, after the upper-tier tribunal on a legal technicality overturned an earlier tribunal ruling stating only the first month's fine was applicable.

Hok had failed to issue its PAYE employer's return by the May deadline.  The company's one employee ceased employment midway through the year and Hok was unaware a return still needed to be filed at the year end.  However, HMRC did not send the penalty notice until October, which allowed the fine to accumulate.

The judge at the first tribunal was clear in pointing the finger at HMRC’s lack of process and its reliance on not keeping companies informed of potential penalties.

The latest decision is seen by many as being one rule for HMRC and a different rule for taxpayers.  Anyone who filed late may now receive notices of accumulated penalties where they may not have been aware of them being liable in the first place.

Friday 26 October 2012

Walker Thompson still supporting Young People Charity 10 Years on

In 2002, Walker Thompson began working with Coventry Foyer Trust, a charity which provides a secure living and learning space for up to 63 vulnerable young people. Based in Lower Holyhead Road, the Foyer provides a living space for each of its residents but in addition provides life skills support ensuring that they are as prepared as possible for moving on into independent tenancies.

To read more click here


Monday 15 October 2012

Pensions - Advice for Employees

The Government has just taken out advertising with Independent Television channels to promote the soon to be launched Pension Schemes where employees have an auto enrolment or an opt out.

The adverts are causing many employees to bombard their employers with questions.

Walker Thompson in collaboration with a leading firm of financial advisors have produced a simple guide for employees which can be found here

Thursday 11 October 2012

Companies House launches mobile app


Companies House has recently launched a free mobile phone app which enables users to view thousands of basic UK company details. The app is currently available as an Apple download but an android version is due to be launched shortly.

Further information can be found by clicking here