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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
Read moreEmployers warned not to fall for exemption certificate scam
Employers are being warned not to fall for a scam involving the sale of fake certificates that suggest they do not have workplace pension duties. The Pensions Regulator (TPR) is investigating at least one company offering what it describes as ‘Certificates of Auto Enrolment Exemption’ to employers. A number of employers have been persuaded to pay for the documents, with
Read more HMRC Agent Update – Issue 60
HMRC has published the latest issue of its Agent Update. Some of the top articles included are: PAYE Webinar – HMRC has produced a webinar to provide employers with additional advice and support about reporting payroll information on time. Is your client a Scottish Taxpayer? – If your client lived in Scotland for most of the tax year, HMRC requires
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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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