Online VAT filing for all

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 annum will be required to file returns online as from 1 April 2012. Since April[…]

Posted in VAT

Guidance published on new Bribery Act

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. Worries had been raised over the legality of corporate hospitality under the Act. In other[…]

New employment rules are a concern

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 the beginning of April, are of concern to many of those firms polled. Of the[…]

Real time PAYE system on the horizon

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 must supply HMRC with details, such as income tax, national insurance contributions and student loan[…]

Posted in Tax

Government launches anti-red tape website

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 customers and developing enterprises. So, as part of its efforts to boost the private sector,[…]

2011 PAYE update

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 statutory maternity pay. The rate had been 104.5% since 2002. A small employer is broadly[…]

HR Spring Update

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 up to 26 weeks’ additional paternity leave in the first year of the child’s life[…]