1 January 2015 – Due date for Corporation Tax due for the year ended 31 March 2014. 19 January 2015 – PAYE and NIC deductions due for month ended 5 January 2015. (If you pay your tax electronically the due date is 22 January 2015.) 19 January 2015 – Filing deadline for the CIS300 monthly […]
What are your business and tax online filing obligations
We though you would be interested to know what your legal obligations are to file information online. Limited companies All companies are required to file a corporation tax return together with an electronic copy of the statutory accounts to H M Revenue & Customs. The returns have to be filed online, generally within 12 months […]
Discount for first time buyers
A new scheme offering 100,000 first-time buyers new homes with a 20% discount was announced 15 December 2014. The Prime Minister launched the new scheme that will offer 100,000 first-time buyers new homes with a 20% discount, as part of a major push to help people onto the housing ladder. Aspiring home owners will be […]
Solicitors Tax Campaign
If you work within the legal profession as a solicitor in a partnership or company, or as an individual, this campaign provides an opportunity for you regularise your tax affairs. To take advantage of this opportunity firms will need to: Fill in a notification form by 9 March 2015. Fill in a disclosure form and […]
New flexible approach to child care announced
Parents will gain greater flexibility in how they share the care of their child in the first year after birth as new regulations regarding Shared Parental Leave (SPL) came into force 1 December 2014. The new rules, which apply to couples with babies due or children matched or placed for adoption on or after 5 […]
New proposals to tackle late payment
New proposals obliging large and listed companies to publish detailed information about their payment practices and performance were unveiled 27 November 2014 by the Business Minister Matthew Hancock. The proposed changes will provide robust information making it easier for small businesses to compare the role models with the less reputable. Specifically, the average payment time; […]
Government names employers who fail to pay the National Minimum Wage
Employers who owe their workers thousands of pounds for failing to pay them the National Minimum Wage (NMW) have been named by Business Minister Jo Swinson. On the 27 November 2014, a further 25 employers who failed to pay their workers the National Minimum Wage were named under the revised naming scheme – introduced in […]
Overtime and holiday pay
In the past companies have tended to base holiday pay payments on a worker’s basic pay, excluding overtime. In a recent landmark case an Employment Tribunal has ruled that past, non-guaranteed overtime should be included in the calculation of holiday pay. Here’s what ACAS have to say: “Non-guaranteed overtime is where there is no obligation […]
Don’t file a paper tax return
The online filing deadline for 2013-14 Self Assessment tax returns is 31 January 2015. However, if you are still filing a paper version of the return, the 2013-14 deadline was 31 October 2014. As the 31 October paper-filing deadline has passed, even if you have no tax to pay, or you eventually pay your tax […]