All phone enquiries to HM Revenue & Customs that are made by employees should now be directed to 0845 300 0627 and not to the PAYE office concerned. HMRC have advised: “Employers can use this number too, for example if you need to confirm an employee’s tax code. But you should continue to call the [...]
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PAYE Coding Changes
From April 2011, any taxable payment made after termination of employment and after the issue of the P45 will be subject to PAYE code 0T instead of the BR code that has been applied to date. The same change is to apply to new employees who have no valid P45 and cannot sign statement A [...]
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Take care with email
A recent Court of Appeal decision has again illustrated the need for caution when conducting business by email. This case brought to our attention by HLW Commercial Lawyers LLP highlights the need for care when conducting transactions by email as the informal nature of the correspondence can be misleading. Please check in our Knowledge Centre to [...]
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Have you paid too much to the Revenue?
Thousands of people who saw their savings income fall, or who even changed to a more fuel-efficient car, during the recession are being told they could have paid too much tax… Please check in our Knowledge Centre to download a PDF of the full article
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New Pension Contribution Rules
Due to the recent changes in legislation we felt it was important to highlight the key issues surrounding new regulations and the Finance Act 2011. This latest edition comments on the new annual allowance regime and how to carry forward unused annual allowances and to plan accordingly. As always, the devil is in the detail [...]
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Reclaiming VAT on Entertainment of Overseas Customers
The UK position on the entertainment of overseas customers The UK has blocked the recovery of input tax on business entertainment since the inception of VAT. The terms of the block denied recovery of such input tax except where the business entertainment was provided to an overseas customer. In 1988 UK law was amended to [...]
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How do you deal with excessive demands from the Inland Revenue?
Do not bury your head in the sand – keep your head above the waves! We were recently approached by a gentleman whose company had ceased trading during May 2005 and was later struck off in September 2009. The company had received a variety of penalty notices in respect of PAYE, National Insurance, VAT and [...]
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Are you eligible for Capital Allowances for your HMO Properties?
“There is a possibility that you can claim Capital Allowances on your HMO properties. This is very simple to do – please contact us for more details on how this can be achieved.” Richard Smedley can be contacted on 0113 258 2221 or at richard@richardsmedley.co.uk
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Regional employer NICs holiday for new businesses
The Regional Employer National Insurance contributions (NICs) Holiday is available to new businesses for a limited period and subject to meeting certain conditions. New businesses may be able to qualify for a reduction of up to £5,000 of the employer NICs that would normally be due – for each of the first ten employees they [...]
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Equality Act 2010
The main provisions of the Equality Act 2010 came into force with effect from 1 October 2010. The changes are wide ranging. As well as introducing new rights to legal protection, the Act harmonises a huge raft of anti discrimination legislation dating back to the 1970′s. Key provisions in force from 1st October include: An [...]
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