Monthly Archives: May 2011

VAT filing is set to become compulsory for every registered business. As from 1 August 2012, online registration for and deregistration from VAT will be compulsory for all. What’s more, VAT-registered businesses with a VAT exclusive turnover under £100,000 per … Continue reading

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HMRC has warned taxpayers that the penalty for filing late tax returns is to rise significantly. The old fine of £100 is to be replaced because, the tax authority says, the previous penalty rate was not enough of a deterrent. … Continue reading

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The Government has published its guidance on the new Bribery Act. The Act is due to come into force on 1 July and will be implemented in what Justice Secretary, Kenneth Clarke, described as a workable and common sense way. … Continue reading

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New regulations scrapping the default retirement age and extending paternity leave could harm businesses, a new survey has claimed. The survey, carried out by the British Chambers of Commerce (BCC), found that the new rules, which came into effect at … Continue reading

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HM Revenue and Customs (HMRC) has confirmed that it will be going ahead with a major reform of the PAYE system. The overhaul will involve a switch to a real time information system. The new system will mean that employers … Continue reading

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It is described as one of the banes of business life: regulation compliance. The form filling and admin tasks involved in meeting the rules that govern businesses, critics say, direct vital resources away from the main task of winning new … Continue reading

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From April 2011, many significant changes will be made to the operation of the PAYE system. There are also changes from 2012 that you should be considering now. Compensation rate From 6 April 2011, ‘small employers’ may reclaim 103% of … Continue reading

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KEY CHANGES Changes to Maternity and Paternity Leave Provisions In April there were two changes to Maternity and Paternity leave provisions. Fathers of children with an expected week of birth beginning on or after 3 April 2011 will be allowed … Continue reading

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