Scott & Wilkinson Blog - Page 57
Please select a news items listed below which maybe of interest to you. Alternatively, please review our archives down the right-hand side, searching either by category or by date. If any of them are of interest and you require more information, please do not hesitate to contact the office.
In addition to targeting smaller businesses, HM Revenue and Customs also appear to be targeting smaller amounts on individuals personal tax returns. In 2011/2012 alone, HMRC recovered £440. 6 million from investigations into personal tax returns as... Read More
New information has revealed that many Employers are still unaware of the new requirements concerning the way they will have to report their payroll figures to the tax office. The Real Time Information (RTI) system will be mandatory for all... Read More
As HM Revenue and Customs (HMRC) increases its focus on smaller businesses, it is advisable that business owners ensure their tax affairs are in order. New figures show that HMRC collected 40 per cent more revenue in tax and fines from smaller... Read More
Real Time Information is a new system being introduced by HM Revenue and Customs (HMRC) to improve the operation of the Pay As You Earn (PAYE) system. In principle, the RTI system entails submitting payroll information electronically to HMRC on or... Read More
In May 2012, HM Treasury announced a change to the treatment of VAT on holiday caravans from zero-rated to reduced-rated. Currently, caravans that exceed either 7m in length or 2. 55m in width are zero-rated as they are deemed to be designed for... Read More