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Real Time Information and annual schemes

31st July 2013 | Written by In Accountancy | Categories : Contractors, News

HMRC have received a number of requests since April 2013 from employers, asking for the status of their PAYE schemes to be changed to ‘annual’ which is only an option where employees are only paid once a year.


Tax return amnesty

30th July 2013 | Written by In Accountancy | Categories : Contractors, News

HMRC have launched a tax return ‘amnesty’ for those individuals who have been issued with a self assessment tax return or notice to complete a tax return for any year up to 2011/12 and have not completed the return(s).


Single Compliance Process

29th July 2013 | Written by In Accountancy | Categories : Contractors, News, Uncategorized

HMRC have been trialling a new approach to enquiries, known as the Single Compliance Process (SCP).


New HMRC rules on expense claims

24th July 2013 | Written by In Accountancy | Categories : Contractors, News

HMRC have introduced an optional system of ‘simpler income tax for smaller businesses’ which takes effect from April 2013 for smaller unincorporated businesses.


Download Basic PAYE Tools

26th June 2013 | Written by In Accountancy | Categories : Contractors, News

HMRC have updated their Basic PAYE Tools which is a software package designed to help those employers operating their own payroll.


Latest employment and pay statistics

26th June 2013 | Written by In Accountancy | Categories : Contractors, News, Uncategorized

The Office for National Statistics has announced the latest official labour market statistics. These are as follows:


HMRC announce extension to relaxation on RTI

26th June 2013 | Written by In Accountancy | Categories : Contractors, News

HMRC have announced that they will extend the temporary relaxation of the new reporting rules for businesses with fewer than 50 employees from October 2013 until April 2014 and that this relaxation will come to an end at this point.