Latest News for Business

A round up of topical news articles.

OTS calls for simplifying everyday tax for smaller businesses

A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to 'address long-standing concerns about the experience of smaller businesses'.

+

HMRC taskforce tackles dishonest dog breeders

A taskforce has recovered more than £5 million by tackling dishonest dog breeders selling pups on the black market.

+

Forms P11D - reporting employee benefits

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019.

+

Welsh taxpayers income tax code mix-up

From April 2019, Welsh taxpayers were assigned new income tax codes beginning with the letter 'C'.

+

Consultation on Companies House reforms

The government has launched a consultation on proposed reforms at Companies House, including a 'major upgrade' of its register.

+

Consultation on ancillary capital gains reliefs

A capital gains tax exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief rules.

+

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 June 2019.

+

Non-compliance with minimum wage regulations

A recent Low Pay Commission report sets out its findings on the number of people being paid less than the statutory minimum wage.

+

Consultation on extension of IR35 rules

HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector.

+

Government confirms implementation of pensions dashboards

The government has confirmed that the initiative to introduce a pensions dashboard will go ahead.

+

'Springtime' tax scams target young people

HMRC has warned young people in the UK to 'stay vigilant' in order to avoid falling victim to 'Springtime' tax refund scams.

+

Latest guidance for employers

HMRC has issued the latest version of the Employer Bulletin.

+
Awards