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Friday 7 August 2015

Newsletter 95

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

TAX-FREE CHILDCARE TO LAUNCH IN 2017 FOLLOWING COURT RULING

The government has welcomed a judgment from the Supreme Court that found the proposals for delivering Tax-Free Childcare to be lawful - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-95#Childcare

TIME TO PAY ARRANGEMENTS – MANDATORY DIRECT DEBIT

Where a taxpayer has difficulty paying their tax liabilities HMRC may agree ‘time to pay arrangements’ whereby the taxpayer agrees to pay off the amount owing by instalments after the due date - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-95#Mandatory

NMW CAMPAIGN TARGETS HAIR AND BEAUTY SECTOR

HMRC are targeting employers in the hairdressing and beauty sectors who pay their staff below the national minimum wage (NMW) - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-95#NMW

LATEST JOB MARKET STATISTICS

The Office for National Statistics (ONS) has released figures showing that the UK employment rate has dropped by 67,000 when compared to the three months to February 2015 - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-95#Statistics

ALCOHOL WHOLESALER REGISTRATION SCHEME

The Alcohol Wholesaler Registration Scheme (AWRS) is being introduced on 1 October 2015 by HMRC to tackle alcohol fraud - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-95#Alcohol

FARMERS AVERAGING OF PROFITS

It was announced in the March 2015 Budget that the government plans to extend the period over which self-employed farmers can average their profits for income tax purposes from two years to five years - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-95#Farmers

PENSION SCHEMES FOR AUTO ENROLMENT

The Pensions Regulator (TPR) has published some guidance aimed at the 1.3 million small and micro employers who are preparing for pensions auto enrolment - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-95#Pension