| New disclosure opportunity by Blue Cube Business |
| HMRC have provided more details of the New Disclosure Opportunity (NDO) which is due to take place from 1 September 2009 to 12 March 2010. The NDO is for people with unpaid tax connected to offshore accounts and assets and will give the taxpayers one final opportunity to disclose.
To encourage ..... |
| Date Article Added:- 30-10-2009 17:05:59
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| Increase in pay for apprentices by Blue Cube Business |
| From 1 August 2009 the national minimum wage (NMW) for apprentices increased from £80 to £95 per week.
This announcement was originally made in September 2008, when TUC General Secretary, Brendan Barber, said:
“The announcement will be a welcome boost for the thousands of low-paid apprentices, particularly women, who are struggling ..... |
| Date Article Added:- 30-10-2009 17:05:25
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| ‘false self-employment’ in the construction industry by Blue Cube Business |
| The government has been looking at the best way to address the issue of what they believe is ‘false self-employment’ in the construction industry. They have concluded, for income tax and national insurance purposes, that they will introduce legislation which deems workers within the construction industry to be in receipt ..... |
| Date Article Added:- 30-10-2009 17:04:49
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| Vat increase to 17.5% by Blue Cube Business |
| HMRC have issued guidance for businesses dealing with the increase in the standard rate of VAT from 15% to 17.5%. The change takes effect from 1 January 2010. They hope that by issuing the guidance well in advance of the change that businesses will have sufficient time to prepare.
If you ..... |
| Date Article Added:- 30-10-2009 17:03:59
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| Hmrc warn of more scam emails by Blue Cube Business |
| HMRC have updated their guidance on scam emails as they are aware that a large number of individuals are receiving emails offering tax rebates. HMRC have also confirmed that they would not inform taxpayers of a tax rebate via email, or request that they complete an online form to receive ..... |
| Date Article Added:- 30-10-2009 17:03:15
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| Pension changes ahead by Blue Cube Business |
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The weekly maximum pay which can be taken into account when calculating statutory redundancy pay is set to increase from 1 October 2009.
Employees who have at least two years’ continuous service qualify for a redundancy payment.
The entitlement is as follows:
for each complete year of service until the age of 21 ..... |
| Date Article Added:- 30-10-2009 17:01:46
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| Redundancy pay by Blue Cube Business |
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The weekly maximum pay which can be taken into account when calculating statutory redundancy pay is set to increase from 1 October 2009.
Employees who have at least two years’ continuous service qualify for a redundancy payment.
The entitlement is as follows:
for each complete year of service until the age of 21 ..... |
| Date Article Added:- 30-10-2009 16:58:20
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| Cross-border vat changes 2010 by Blue Cube Business |
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HMRC have issued important updates in advance of the changes in the place of supply of services rules which take effect from 1 January 2010.
This guidance is part of a package of measures being introduced to simplify and modernise the VAT system for cross-border trading and to counter fraud across ..... |
| Date Article Added:- 30-10-2009 16:57:39
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| Rise in prosecutions for employing illegal workers by Blue Cube Business |
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Businesses are being warned to undertake more rigorous checks into applicants’ backgrounds as the number of prosecutions for employing illegal workers increased over 500%, according to Giant Precision a business process outsourcer.
According to information they obtained from the Home Office, the introduction in February 2008 of the new penalty system ..... |
| Date Article Added:- 30-10-2009 16:56:37
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| Are you complying with the national minimum wage rules by Blue Cube Business |
| HMRC are reminding employers that since the beginning of the current tax year automatic penalties have been introduced for those who do not comply with the National Minimum Wage (NMW) Regulations.
The penalties range from £100 to £5,000 with 50% prompt payment discounts for employers who settle within 14 days of ..... |
| Date Article Added:- 30-10-2009 16:55:56
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