July 2018

PAYE code notices delayed

HMRC is warning employers of problems with its online PAYE service, which include failure to supply employers with this year’s P9 tax code notices, advising them of the correct code for employees for the new tax year, and instances where PAYE accounts are not showing the latest position In a service update, HMRC says it is aware of an issue

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MPs call for maximum workplace temperature to be set

MPs have urged the government to introduce a maximum workplace temperature – especially for work that involves physical effort. The environmental audit committee recommended that a series of measures need to be taken to help employees cope with rising temperatures at work including: encouraging employers to relax dress codes, allow flexible working during warm weather and changing building regulations to

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Loss of 1,500 cash machines ‘stifling small retailers’

The Federation of Small Businesses (FSB) has voiced concern that the closure of cash machines across the UK is impacting the small businesses, especially retailers. The rate of closures is expected quicken as a cut to the fee card issuers pay the cashpoint operators (the interchange fee) came into force on 1st July, meaning cash machines are now less profitable

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IAB member, Alison Edward, shortlisted in the Heropreneurs Awards

Alison Edward MIAB, owner of Hampshire based Simply Balanced solutions Ltd, has been chosen as a finalist in the Heropreneurs Awards for the Military Partner in Business category. This award recognises the unique challenges faced by the partners of service personnel to adapt to the postings, relocations, and deployments of their loved ones, and the difficulty in running a new

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Automatic enrolment is an ongoing process – it does not end with your declaration of compliance

Employers across the UK suspected of providing false or misleading information to The Pensions Regulator (TPR) about how they are meeting their automatic enrolment duties, will now be targeted with short notice inspections. The latest round of spot checks, due to start later this month, will also target employers who are still non-compliant with their automatic enrolment duties despite penalty

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HMRC Talking Points sessions – July and August 2018

HMRC’s regular Talking Points meetings provide ongoing information, guidance and tips, helping you to understand tax issues. Please find further details of future scheduled online meetings below: Income from property – What’s new: In this webinar HMRC will be looking at some of the recent changes to the taxation of property income that now apply to individual landlords. Including, the finance cost relief restriction

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LITRG welcomes new approach to treatment of late tax returns

The Low Incomes Tax Reform Group (LITRG) has given a qualified welcome to a new ‘penalty point’ model for late submission of tax returns, contained in draft legislation published earlier this month. The group thinks the penalty point approach should be easy for taxpayers to understand, but is concerned that other aspects of the new regime may prove more complex.

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SDLT payment window shortened to two weeks

From 1 March 2019, the time limit that individuals have to file a Stamp Duty Land Tax (SDLT) return and pay any tax due will be shortened from 30 to 14 days. According to HMRC, shortening the time limit will improve efficiency and will not affect many individuals as most returns are already filed within 14 days. The individuals who

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Two-tier Making Tax Digital penalty regime confirmed

The penalty system for Making Tax Digital will kick in within 15 days of an overdue payment and will be a two-tier system, the government has confirmed in the draft Finance Bill 2018-19, although there will be an initial grace period for late filers. The government has admitted that there were numerous complaints in the consultation responses stating that the

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