Latest Accounting and Taxation News from IN Accountancy
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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.


HMRC guidance for charity shops

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

HMRC have published new detailed guidance on claiming Gift Aid when goods are sold by, and the proceeds gifted to, charity shops. The guidance is useful for charities and also those making donations as it details the circumstances when Gift Aid may be claimed by the charity and the position for the donor wishing to claim higher rate tax relief.


Advisory fuel rates for company cars

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

New company car advisory fuel rates have been published to take effect from 1 June 2013. HMRC’s website states: ‘These rates apply to all journeys on or after 1 June 2013 until further notice. For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or Read the full article…


Real Time Information and paying HMRC

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

HMRC are reminding employers that they need to pay their PAYE liabilities ‘on time and in full’ although they are mindful that employers are still getting used to reporting under RTI. The due dates for payment remain unchanged. Cheque payments therefore need to be received by the 19th of the month following the end of the tax month of deduction Read the full article…


Tax Avoidance: Why playing by the rules will be crucial

15th June 2013 | Written by In Accountancy | Categories : News

Say the words “tax loopholes” and most people think of the current headlines surrounding companies like Apple and Amazon and the very small amounts of tax they seem to pay on their huge profits.


Redundancy packages and tax liability

10th June 2013 | Written by In Accountancy | Categories : News

“Will the taxman get his hands on any of my redundancy money?”


Child Benefit Changes – what you need to know

14th January 2013 | Written by In Accountancy | Categories : Miscellaneous, Pensions and Payroll, Pensions and Payroll, Personal Tax

Child Benefit changes – what you need to know. If you or your partner earns in excess of £50,000 this year, you will lose 1% of the Child Benefit you currently receive for every £100 of income above this limit.  Once income reaches £60,000, this benefit is withdrawn completely. You can continue to receive the Child Benefits payments in the Read the full article…