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Friday, 30 September 2011

Latest Newsletter

Walker Thompson Newsletter 48


Walker Thompson's Monthly Newsletter is now available.  There are as usual a number of interesting points to consider, and keep in mind.  Especially pertinent is the increase in the National Minimum Wage which comes in in October 2011.

Follow the links below for more information, as well as links to the relevant government website.
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
INSOLVENCY UPDATE



Thursday, 22 September 2011

HMRC Announce Latest Campaigns and Targets

Some advance notice of HMRC's latest campaigns.

Professionals - Private Tuition
(starting Autumn 2011)

This looks at professionals who are able to profit from providing tuition or coaching as either a main or secondary income, but have chosen not to tell HMRC about it. This can include those providing private lessons, whether they have a teaching qualification or not, and could include fitness / dance / lifestyle coaches as well as national curriculum subject tutors, for example.

Organisations/individuals wishing to contribute to the PT&C voluntary disclosure campaign design, please follow link to HMRC Campaigns.

E Marketplaces
(starting 2012)

This aims to find those who are using e-marketplaces to buy and sell goods as a trade or business, and fail to pay the tax owed. It will not be targeting people who sell a few items, and who are not traders, as they are unlikely to be liable to pay tax.

Organisations / individuals wishing to contribute to the campaign design please follow this link to HMRC Campaigns.

Trades - 2nd Campaign
(starting 2012)

Following on from the plumbers' campaign, HMRC will be looking to give an opportunity to another group of tradespeople to come forward and declare unpaid tax.

Organisations / individuals wishing to contribute to the campaign design please follow this link to the HMRC Campaigns.