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Businesses warned to prepare with one year until data protection law change

Information Commissioner Elizabeth Denham has told businesses there’s no time to delay in preparing for “the biggest change to data protection law for a generation”. The General Data Protection Regulation (GDPR) is a new law that will replace the Data Protection Act 1998 and will apply in the UK from 25 May 2018. Speaking in a video addressing boardrooms, Ms

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IAB Member wins top prize at SME awards

IAB Member Natasha Penny FIAB AIAAP, of Busy Books, Westbury attended a glitzy glamorous event on Thursday in East London as a finalist in the Small Awards for the “At Your Service” category. The award looked for exceptional levels of service demonstration and evidence of strong customer engagement. She however came away with not just 1 but 2 awards – receiving

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HMRC Talking Points sessions – May 2017

HMRC has arranged further Talking Points sessions. Please find further details of these online meetings below: Companies House – The requirement to file accounts applies to almost ever entity on the Companies House register. The focus of this meeting is to digitally enable those types of accounts which currently have to be filed on paper. This meeting will discuss the ways this

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Start-ups alerted to instant pensions duties

New businesses which start up from October this year are being warned they will have instant pension duties. The alert comes as the current schedule for employers to meet their automatic enrolment duties comes to an end. All businesses which existed before April 2012 have now passed their staging date. More than half a million employers have now complied with

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Revised schedule for HMRC Talking Points sessions in April and May 2017

Due to the pre-election period which commenced from midnight on Friday 21 April and will continue until the general election on 8 June, HMRC have revised the schedule of Talking Points sessions. During this time HMRC can only communicate essential information and some of their Talking Points meetings have therefore had to be changed. There are a limited number of

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HMRC Agent Update – Issue 59

HMRC has published the latest issue of its Agent Update. Some of the top articles included are: Changes to CT600 – Read about the enhancements HMRC have made to the CT600 form. Changes to tax relief for residential landlords – Read about changes to the rules on income tax relief for interest and other finance costs relating to residential property

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Automatic enrolment tops half-million mark for employers

The 500,000th UK employer has completed their workplace pension duties according to new figures released by The Pensions Regulator (TPR), as the pace of automatic enrolment continues to increase. TPR’s latest declaration of compliance report (PDF, 147kb, 10 pages) reveals that by the end of 31 March, 503,178 employers had completed their duties – meaning more than 7.6 million workers are now

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HMRC launches new Fraud Hotline

HMRC has launched a new hotline for the public to report fraud and evasion in the fight against tax fraud.  This service has replaced two separate tax evasion and customs hotlines with one, streamlining HMRC’s intelligence gathering on tax fraud. The hotline is open between 8am and 8pm, seven days a week, 365 days a year. Customers can use the new hotline

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HM Treasury consultation on Money Laundering Regulations 2017

The Treasury launched an 8 week policy consultation on the Transposition of the Fourth Money Laundering Directive and Fund Transfer Regulation in September. These aim to give effect to the updated global Financial Action Task Force (FATF) standards. The government sought views and evidence on the steps it proposed to take or should take, to transpose the Fourth Money Laundering Directive (4MLD) and those

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