The Government has just taken out advertising with Independent Television channels to promote the soon to be launched Pension Schemes where employees have an auto enrolment or an opt out.
The adverts are causing many employees to bombard their employers with questions.
Walker Thompson in collaboration with a leading firm of financial advisors have produced a simple guide for employees which can be found here
Showing posts with label pensions. Show all posts
Showing posts with label pensions. Show all posts
Monday, 15 October 2012
Thursday, 1 March 2012
Walker Thompson Newsletter 53
Please click on any of the headings below for more information about each subject.
ONLINE VAT RETURNS
From April 2012, businesses (with very few exceptions) will have to file their VAT Returns online and pay their liability electronically. If you are not already online, now is the time to set it up.
EU COOKIES
The Information Commissioner’s Office (ICO) has published guidelines on the business use and storage of cookies.
PENSIONS AUTO ENROLMENT DATES DEFERRED FOR SMALLER EMPLOYERS
The timetable for the introduction of Pensions Auto Enrolment has been revised for smaller employers.
NEW APPROACH TO RECORDS CHECKS FROM HMRC
HMRC have announced that they intend to make changes to their business records checks programme following a review of the pilot scheme.
PAY UP ON TIME
A new guide ‘Get Paid!’ has been published. The guide which is aimed at smaller businesses contains tips and advice from both suppliers and customers. The guide covers advice on invoicing and developing a robust credit policy.
HMRC LATEST TARGETS
HMRC have announced that they will turn their attention to those involved in home improvement trades and direct selling (online market sellers) in their next round of Tax Catch Up Plans.
CLEAN UP YOUR PAYROLL DATA
HMRC have launched a new online video to help employers reduce the problems caused by inaccurate employee data.
SELF ASSESSMENT STATISTICS
According to HMRC a record 9.45 million self assessment tax returns were filed on time this year and a record 7.65 million (80.9% of them) were filed online.
BUDGET FOR GROWTH
The CBI is calling for a Budget to help businesses. To read more information on the CBI’s recommendations visit the link below.
PENALTIES FOR FAILING TO FILE PAYROLL FORMS ONLINE
HMRC have confirmed in the latest Employer Bulletin that they intend to impose penalties on all employers who fail to send their payroll starter and leaver forms online from April 2012.
ONLINE VAT RETURNS
From April 2012, businesses (with very few exceptions) will have to file their VAT Returns online and pay their liability electronically. If you are not already online, now is the time to set it up.
EU COOKIES
The Information Commissioner’s Office (ICO) has published guidelines on the business use and storage of cookies.
PENSIONS AUTO ENROLMENT DATES DEFERRED FOR SMALLER EMPLOYERS
The timetable for the introduction of Pensions Auto Enrolment has been revised for smaller employers.
NEW APPROACH TO RECORDS CHECKS FROM HMRC
HMRC have announced that they intend to make changes to their business records checks programme following a review of the pilot scheme.
PAY UP ON TIME
A new guide ‘Get Paid!’ has been published. The guide which is aimed at smaller businesses contains tips and advice from both suppliers and customers. The guide covers advice on invoicing and developing a robust credit policy.
HMRC LATEST TARGETS
HMRC have announced that they will turn their attention to those involved in home improvement trades and direct selling (online market sellers) in their next round of Tax Catch Up Plans.
CLEAN UP YOUR PAYROLL DATA
HMRC have launched a new online video to help employers reduce the problems caused by inaccurate employee data.
SELF ASSESSMENT STATISTICS
According to HMRC a record 9.45 million self assessment tax returns were filed on time this year and a record 7.65 million (80.9% of them) were filed online.
BUDGET FOR GROWTH
The CBI is calling for a Budget to help businesses. To read more information on the CBI’s recommendations visit the link below.
PENALTIES FOR FAILING TO FILE PAYROLL FORMS ONLINE
HMRC have confirmed in the latest Employer Bulletin that they intend to impose penalties on all employers who fail to send their payroll starter and leaver forms online from April 2012.
Monday, 16 January 2012
Walker Thompson Newsletter 51
WELCOME TO 2012
On 15 December 2011 Walker Thompson were successfully re-assessed against the Investors in Excellence Standard, first achieved by the firm in 2007 and again two years later.
PENSIONS AUTO ENROLMENT
The Government has confirmed that pensions auto enrolment will commence in Autumn 2012 and all employers will remain within the scope of the rules.
ADVISORY FUEL RATES FOR COMPANY CARS
New company car advisory fuel rates have been published to take effect from 1 December 2011.
CAPITAL ALLOWANCES IN ENTERPRISE ZONES
Following the Autumn Statement at the end of November 2011, more information is now available in respect of the proposal to give 100% first year allowances on plant and machinery expenditure for use in some Enterprise Zone areas.
SEED ENTERPRISE INVESTMENT SCHEME
The government has released more information on the new Seed Enterprise Investment Scheme (SEIS) aimed at smaller companies.
STATUTORY RESIDENCE TEST
The government has been consulting on introducing a Statutory Residence Test (SRT). The test which was expected to be introduced from 2012 has been delayed until 6 April 2013. More details are expected to be announced in the 2012 Budget.
SELF ASSESSMENT DEADLINE FAST APPROACHING
HMRC are reminding taxpayers that the deadline for filing self assessment tax returns is fast approaching.
THE PORTAS REVIEW
The CBI commented on a report by Mary Portas on the future of the high street.
HMRC TO ACCEPT FASTER PAYMENTS
HMRC have announced that they will now accept payments made using the Faster Payments Service. This will allow taxpayers to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day.
2012/13 STATUTORY PAYMENTS
HMRC have announced the following statutory payment rates which are due to take affect for 2012/13. These rates are still subject to Parliamentary approval and HMRC will confirm the rates before 1 April 2012.
On 15 December 2011 Walker Thompson were successfully re-assessed against the Investors in Excellence Standard, first achieved by the firm in 2007 and again two years later.
PENSIONS AUTO ENROLMENT
The Government has confirmed that pensions auto enrolment will commence in Autumn 2012 and all employers will remain within the scope of the rules.
ADVISORY FUEL RATES FOR COMPANY CARS
New company car advisory fuel rates have been published to take effect from 1 December 2011.
CAPITAL ALLOWANCES IN ENTERPRISE ZONES
Following the Autumn Statement at the end of November 2011, more information is now available in respect of the proposal to give 100% first year allowances on plant and machinery expenditure for use in some Enterprise Zone areas.
SEED ENTERPRISE INVESTMENT SCHEME
The government has released more information on the new Seed Enterprise Investment Scheme (SEIS) aimed at smaller companies.
STATUTORY RESIDENCE TEST
The government has been consulting on introducing a Statutory Residence Test (SRT). The test which was expected to be introduced from 2012 has been delayed until 6 April 2013. More details are expected to be announced in the 2012 Budget.
SELF ASSESSMENT DEADLINE FAST APPROACHING
HMRC are reminding taxpayers that the deadline for filing self assessment tax returns is fast approaching.
THE PORTAS REVIEW
The CBI commented on a report by Mary Portas on the future of the high street.
HMRC TO ACCEPT FASTER PAYMENTS
HMRC have announced that they will now accept payments made using the Faster Payments Service. This will allow taxpayers to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day.
2012/13 STATUTORY PAYMENTS
HMRC have announced the following statutory payment rates which are due to take affect for 2012/13. These rates are still subject to Parliamentary approval and HMRC will confirm the rates before 1 April 2012.
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