From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
February 2008
Entrepreneurs' Relief
In the Pre-Budget Report in October 2007 the Chancellor, Alistair
Darling, announced a series of changes to the capital gains tax
(CGT) regime for individuals and trustees. These changes included
the abolition of taper relief and indexation relief and the introduction
of a single rate of CGT of 18%. The changes take effect from
6 April 2008.
 More
Residence and Domicile
Following the Pre-Budget Report announcement that HMRC would
be reviewing the rules on residence, HMRC have issued some draft
legislation which is expected to take effect from 6 April 2008.
More
Money Laundering Regulations
From 15 December 2007, the Money Laundering Regulations 2007
require certain businesses to have systems in place to prevent
money laundering and report suspicious transactions. These regulations
replace the previous ones which have been in force since 2004.
More
PAYE End of Year Returns
HMRC are running a series of workshops on the online completion
of end of year PAYE returns. You can use the link below to see
when sessions are running in your area.
More
HMRC Payments Due 31 January 2008
HMRC have apologised for a problem that they have identified
with the self assessment tax return. The problem apparently only
relates to tax returns submitted prior to 31 October 2007 where
the taxpayer asked for any unpaid tax to be collected directly
rather than by a restriction in their tax codes for 2008/09.
It is only possible to collect underpayments via a tax code restriction
where you are an employee or company director, with sufficient
pay to enable any underpayment up to £2,000 to be collected.
More
HSE Launch Campaign To Stop Slips And Trips
The Health and Safety Executive (HSE) have announced that they
will run a workplace slips, trips and falls campaign in February
and March this year. The campaign, which is called Shattered
Lives, is aimed at workers who are most at risk of a slip, trip
or fall in the workplace. These include not surprisingly construction
workers and kitchen workers.
More
PAYE Tax Codes About to be Issued
HMRC have advised that they are about to issue PAYE tax codes
to employees for the 2008/09 tax year.
More
Holidays
On returning to work in the New Year, many will be reaching
for the travel brochures to plan their next holiday getaway.
Now would be a good time to ensure that your employees (or your
own) holiday entitlement has been correctly calculated. The
minimum statutory holiday entitlement was raised from 20 days
to 24 days per annum from 1 October 2007. This entitlement is
inclusive of Bank Holidays.
More
|
