Headlines from our latest newsletter.  Please click on any of the links below for more information.

Real Time Information - get ready

In April 2013 HMRC are introducing a new way of reporting PAYE information, known as Real Time Information (RTI).

Six new taskforces launched by HMRC

HMRC have announced that they have launched six new taskforces which will target traders who do not pay the right amount of tax.

Working beyond state pension age

The Office for National Statistics has published a report looking at those working beyond state pension age.

End of Employment Settlement

The CBI have commented on the Business Secretary, Vince Cable’s plans to introduce simplified settlement agreements, designed to enable employers and employees to agree mutually acceptable terms for ending employment.

P11D deadline looming – avoid rejections

HMRC are reminding employers that the forms P11D, P9D and P11D(b) which detail expenses and benefits provided to employees for the tax year 2011/12 are due for submission to HMRC by 6 July 2012.

No cap on reliefs for charitable giving

Following representation from interested parties the government has announced that it no longer intends to proceed with the proposed capping of some tax reliefs including charitable giving.

No VAT increase on pasties

In the Budget it was announced that the government proposed to charge standard rated VAT on certain hot food items such as pasties.

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


Sickness

There seems to be the usual illnesses and infections doing the rounds at this time of the year.

Advisory fuel rates for company cars

New company car advisory fuel rates have been published to take effect from 1 June 2012.

HMRC warn of e-mail scam

HMRC have issued a warning about possible fake or ‘phishing’ e-mails sent out by fraudsters.

HMRC's Basic PAYE Tools update

HMRC have released a new version of the Basic PAYE Tools which reflect the Budget 2012 changes.

Enterprise research centre

The government has announced proposals to introduce a new independent £2.9 million Enterprise Research Centre which will look at investment strategy for SMEs.

Tax credits renewal deadline

Tax credits are state benefits which are generally available to lower income families.
P11D Errors
The forms P11D, and where appropriate P9D, which report benefits and expenses for both employees and directors for the year ended 5 April 2012, are due for submission to HMRC by 6 July 2012.
HMRC Bereavement Service
HMRC have created a new dedicated telephone helpline and address for individuals who have suffered a bereavement and who need to contact them about PAYE and self assessment matters relating to bereavement.
Small donations to charities

It has been confirmed in the Queen’s Speech that charities will be able to claim top-up payments on up to £5,000 of small donations without needing to obtain Gift Aid declarations.

HMRC issue guidance on IR35
HMRC have released guidance setting out their risk-based approach to checking compliance with IR35.