July 2017

NOW: Pensions removed from the master trust assurance list at its own request

NOW: Pensions has today been removed from The Pensions Regulator’s master trust assurance list. There is no suggestion that the assets of members are at risk as a result of the scheme coming off the list, or that employers whose workplace pensions are in place with NOW: Pensions are not complying with their automatic enrolment duties. The Pensions Regulator (TPR)

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HMRC Talking Points sessions – July and August 2017

HMRC has arranged further Talking Points sessions. Please find further details of these online meetings below: Paying the right amount of tax through Pay As You Earn (PAYE): PAYE has changed. HMRC have improved the way they use real time information to make automatic adjustments to PAYE tax codes as they happen, rather than waiting until the end of the tax

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Do you give advice or services about tax or finance relating to offshore income or assets?

The new International Tax Compliance (Client Notification) Regulations 2016 came into effect on 30 September 2016 Under the UK’s Automatic Exchange of Information (AEOI) agreements, HMRC will soon begin to automatically receive data from over 100 jurisdictions about UK tax residents who have assets in offshore accounts. Before HMRC receives this information, people in industry who advise about overseas income

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Ministers confirm a new timetable for Making Tax Digital

Three million of the smallest businesses and landlords will be able to move to the new digital system for keeping tax records at a pace that is right for them, Ministers announced today as they set out the next steps for the Finance Bill. The government has listened to concerns raised by parliamentarians, in particular the Treasury Select Committee, businesses

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Employers confident of AE success

Automatic enrolment is business as usual for employers who say they are confident they are meeting their workplace pensions duties successfully, new research shows. For the first time, The Pensions Regulator (TPR) has published research into how UK employers are meeting their duties following the completion of their declaration of compliance (PDF, 1385kb, 58 pages). Around 96% of employers asked said

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