NEWSLETTER 71

Headlines from last month's newsletter.  Please click on any of the links below for more information :

PARENTS WITH HIGHER INCOMES MUST REGISTER FOR SELF ASSESSMENT

HMRC are reminding parents with higher incomes who continued to receive Child Benefit after January 2013 that they must register for Self Assessment by 5 October 2013 to avoid any penalties in relation to the High Income Child Benefit Charge.

PAYE RTI AND ANNUAL SCHEMES

HMRC are advising that they have now fixed the issue with Annual PAYE schemes.

PENSION ‘LIBERATION’

The ICAEW have issued a warning that individuals are being approached by firms offering to help them ‘unlock’ their pensions or access them early.

CONSULTATION ON TAX-FREE CHILDCARE FOR WORKING FAMILIES

Earlier this year the government announced that it plans to introduce a new childcare scheme for working families.

HMRC’S MOST WANTED TAX FUGITIVES

HMRC has published an updated list of their most wanted ‘tax fugitives’ and announced that a ‘fraudster’ has been apprehended at Heathrow Airport whilst travelling on a false passport, following almost ten years on the run.

A MILLION ZERO HOUR CONTRACTS

New research suggests that the number of workers on zero hour contracts, with no guarantee of hours or pay, are becoming more widespread.

HMRC INTRODUCE NEW SAFEGUARDS FOR DEBT COLLECTION VISITS

HMRC have introduced a Field Force Verification Helpline, so that taxpayers can easily check whether or not a caller on their doorstep claiming to be from HMRC is genuine.

WHAT HAPPENS WHEN MY COMPANY REACHES THE END OF ITS USEFUL LIFE?

We asked John Rimmer at BRI Business Recovery & Insolvency, who are regulated to deal with that area of business closures, for his thoughts.