Scott & Wilkinson Blog - Page 32
Please select a news item listed below which may be of interest to you. Alternatively, please review our archives at the bottom of the page by year. If any of them are of interest and you require more information, please do not hesitate to contact the office.
Taxpayers warned over email scam
Date: 03/10/14
Taxpayers are warned to be vigilant about another HMRC email scam suggesting that they have been removed from self-assessment. This email purports to come from HM Revenue and Customs and includes the tax authority's green logo. The email tells the... Read More
Sage 50 Accounts 2015 - What's New?
Date: 22/09/14
Sage 50 Accounts 2015 What's New? Sage have recently launched their latest upgrade to the Sage 50 range - Sage 50 Accounts 2015. What are the new features and is it worth upgrading? Following on from last years Read More
HMRC postpones RTI late filing penalties for small firms
Date: 16/09/14
Businesses are advised that HM Revenue and Customs (HMRC) has announced that firms with 49 or fewer staff will be exempt from RTI late filing penalties until March 2015. HMRC's Real Time Information (RTI) initiative originally required all employers... Read More
Online traders warned after eBay seller jailed for tax fraud
Date: 09/09/14
Online traders are warned that they must disclose their earnings to HMRC, following a recent prosecution of an eBay trader. John Woolfenden from Manchester has been jailed for two years for evading £300, 000 in tax following an HMRC investigation.... Read More
Pensions - Auto Enrolment
Date: 09/09/14
In the coming months many businesses will start to receive a letter from The Pensions Regulator reminding them of the start of Auto Enrolment for their business. Whether a business has one employee or 1, 000 employees, Auto Enrolment places... Read More
Self assessment guidance on the move
Date: 27/08/14
Self-employed individuals are reminded that HMRC is moving self-assessment guidance to the GOV. UK website. The transition of the guidance started on 21 August, meaning that anyone trying to access self-assessment guidance on the HMRC website will... Read More
HMRC to act as 'judge, jury and executioner'
Date: 15/08/14
There are very difficult times ahead for tax planners. On top of recent changes such as the General Anti-Abuse Rule (GAAR), the Finance Bill 2014 provides HM Revenues and Customs (HMRC) with tools to combat the promotion of aggressive tax schemes... Read More
State pension deferral rate to drop
Date: 29/07/14
Pensioners should be aware that the government has set out plans to reduce the annual state pension deferral rate from 10. 4% to 5. 8%. Pensioners can choose to defer claiming their state pension when they reach state pension age, and when they do... Read More
HMRC property raids increase
Date: 21/07/14
Individuals are warned that HM Revenue and Customs (HMRC) is increasing its raids on properties to catch tax evaders. According to recent research HMRC has increased its number of unannounced searches by 12% for the year up to March 2014. Data... Read More