News from InAccountancy
HMRC have launched yet another disclosure facility, the Health and Wellbeing Tax Plan, which runs from 7 October 2013 to 6 April 2014 and is aimed at physical therapy, alternative medicine or therapy and other therapy. Notification is required by 31 December 2013 and disclosure and payment by 6 April 2014. If you have any concerns in this area please Read the full article…
The latest Employer Update issued by HMRC contains a number of pertinent articles which may be of interest to employers and employees:
The government has announced that from April 2015 married couples and civil partners may be eligible for a new Transferable Tax Allowance. The Transferable Tax Allowance will enable spouses and civil partners to transfer a fixed amount of their personal allowance to their partner. The option to transfer will be available to couples where one partner is a basic rate Read the full article…
We have updated our TaxApp to support Apple’s recent iOS7 release and made improvements to the layouts for Android users to make our TaxApp even easier to use.
HMRC intend to introduce a new online service for taxpayers who use PAYE to pay tax via their employer in April 2014. Features of the new system include enabling individuals to update a range of their benefits in kind online so they can keep their tax code up to date.
HMRC have issued some updated guidance on the Statutory Residence Test which took effect from 6 April 2013. Residence is a complex issue, if you would like any advice in this area please do get in touch.
The implementation of the Government’s welfare reform programme, Universal Credit, has been criticised in a report by the National Audit Office (NAO).
HMRC are writing to the 167,000 employers who have missed one or more of the deadlines for reporting their PAYE information in real time.
HMRC have announced that for the first time they now have access to information on all credit and debit card payments to UK businesses. HMRC intend to use this information to aid them in a new crackdown on tax evasion.
New company car advisory fuel rates have been published which took effect from 1 September 2013. HMRC’s website states: