Newsletter 119

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

MAKING TAX DIGITAL FOR VAT

The government have issued information on how Making Tax Digital for Business (MTDfB) is expected to work for VAT once the rules are introduced in April 2019 - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-119#Digital

BUDGET ON WEDNESDAY 22 NOVEMBER AND 14 DECEMBER

Chancellor Philip Hammond has announced that he will deliver the Autumn Budget on Wednesday 22 November - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-119#Budget

DEADLINE FOR ‘PAPER’ SELF ASSESSMENT TAX RETURNS

For those individuals who have previously submitted ‘paper’ self assessment tax returns the deadline for the 2016/17 return is 31 October 2017 - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-119#Deadline

HMRC OFFER TAX SUPPORT TO GROWING BUSINESSES

HMRC have announced the introduction of a new service to directly help mid-sized businesses as they expand and grow - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-119#HMRC

TRUSTS REGISTRATION SERVICE

HMRC have launched a new Trusts Registration Service (TRS), so that trustees can register their trust online and provide information on the beneficial owners of the trust - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-119#Trusts

HMRC PHISHING AND SCAM ADVICE

HMRC have updated their list of examples of websites, emails, letters, text messages and phone calls used by scammers and fraudsters to obtain individual’s personal information - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-119#Phishing

Newsletter 118

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

GET READY FOR THE NEW DATA PROTECTION RULES

The government is to introduce new data protection rules under the General Data Protection Regulation (GDPR) which takes effect from 25 May 2018 - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-118#Data

ADVISORY FUEL RATES FOR COMPANY CARS

New company car advisory fuel rates have been published which took effect from 1 September 2017 - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-118#Fuel

HMRC ONLINE FORUM AND WEBCHAT

HMRC have announced the introduction of a new online tax forum and webchat service for small businesses - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-118#HMRC

GUIDANCE FOR EMPLOYERS

HMRC have issued their latest guidance to employers in the August edition of the Employer Bulletin - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-118#Guidance

PENSIONS AUTO ENROLMENT COMPLIANCE

The Pensions Regulator (TPR) has begun carrying out employer spot checks to make sure employers are complying with their automatic enrolment duties and that they are giving their staff the workplace pensions they’re entitled to - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-118#Pensions

AUTO ENROLMENT FOR NEW EMPLOYERS

Under pensions auto enrolment employers have to enrol qualifying employees into a workplace pension - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-118#Auto

CHILDCARE SERVICES COMPENSATION

The government are offering compensation to those who have been affected by problems with the implementation of Tax-Free Childcare - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-118#Childcare

Newsletter 117

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

NEW TIMETABLE FOR MAKING TAX DIGITAL

The government has announced a revised timetable for the introduction of Making Tax Digital for Business (MTDfB) - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-117#New

TAYLOR REVIEW OF EMPLOYMENT PRACTICES

The long awaited Taylor Review of employment practices suggests that a national strategy is needed to help provide security in such areas as wages, quality of employment, education and training, working conditions, work life balance and the ability to progress at work - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-117#Taylor

AUTOMATIC ENROLMENT REACHES 8 MILLION

The Pensions Regulator (TPR) has confirmed than eight million employees have signed up for a workplace pension since the launch of automatic enrolment - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-117#Automatic

LATEST LABOUR MARKET STATISTICS

The latest labour market statistics for the period March to May 2017 showed a 175,000 rise in employment and 64,000 fall in unemployment - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-117#Latest

HMRC GENUINE AND PHISHING/BOGUS EMAILS AND CALLS

HMRC have issued an update of their guidance on how to recognise genuine HMRC contact be it via email or text - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-117#HMRC

CHARITIES BOUND BY NEW FUNDRAISING PREFERENCE SERVICE

A new service is now available for individuals who want to limit the contact they receive from charities. The Fundraising Preference Service (FPS) should give individuals greater control over how and when charities can contact them - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-117#Charities

Newsletter 116

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

SCAM AND PHISHING EMAILS AND TEXTS

We are aware of many instances of scam emails and texts being sent out by fraudsters who are purporting to be from official government agencies, such as HMRC or Companies House. The emails and texts may look genuine, containing official looking logo’s and addresses in order to dupe an innocent individual to open email links or attachments.

HMRC and Companies House never send out emails and texts asking recipients to follow website links and enter personal details into official looking websites or to open email attachments. You should always exercise extreme caution before clicking on any such attachment or link. If you do so you may be providing personal data such as private bank details to a thief.

QUEEN’S SPEECH AND PROPOSED LEGISLATION

The Queen delivered the 2017 Queen’s Speech on 21 June which set out the government’s agenda for the coming parliamentary session. The speech outlined the government’s proposed policies and legislation - See more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-116#Queen

SIMPLIFYING CORPORATION TAX

The Office for Tax Simplification has published their recommendations on simplifying the corporation tax computation - See more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-116#Simplifying

EMPLOYMENT RELATED SECURITIES RETURN DEADLINE

HMRC are advising that there have been technical issues with their Employment Related Securities (ERS) annual returns online service - See more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-116#Employment

LAND TRANSACTION TAX

From April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT) in Wales. Land and Buildings Transaction Tax (LBTT) already applies in Scotland - See more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-116#Employmenthttp://www.walkerthompson.co.uk/newsletters/Newsletter-116#Land

HOLIDAY ENTITLEMENT

Now is the time of year when many of us turn our thoughts to holidays and it is important to get holiday entitlement and holiday pay right - See more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-116#Holiday

LATEST GUIDANCE FOR EMPLOYERS

HMRC have issued the latest version of the Employer Bulletin. This edition has articles on a number of issues - See more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-116#Latest


ICO WARNING AS BUSINESS FINED £60,000 FOLLOWING CYBER ATTACK

The Information Commissioner’s Office (ICO) is warning SMEs to take care or face a fine. The warning comes after a company which suffered a cyber attack was fined £60,000 - See more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-116#ICO