News
Passing With Flying Colours - 26/05/2008 Baines Jewitt’s Hilary Bevan has passed her final accountancy exams with flying colours - and a remarkable achievement. Credit Squeeze - 07/05/2008 It appears that many businesses are suffering a cash “squeeze” from delayed payment of their invoices as the credit crunch begins to impact on the economy. Homeworking Costs Increase - 07/05/2008 From 6 April 2008, HMRC has increased the tax and NIC free guideline rate that employers can pay home working employees without keeping records from £2 to £3 per week. P11D Deadline Looming - 07/05/2008 The forms P11D, which report employees and directors benefits in kind and expenses, are due for submission by 6 July 2008 for the year ended 5 April 2008. Employment Support Allowance - 07/05/2008 Incapacity Benefit and Income Support are to be replaced by Employment Support Allowance (ESA). The change takes effect from 27 October 2008. Skills Gap - 07/05/2008 With school and college students preparing to start the summer term and sit final examinations, the CBI has published the results of a new annual audit of the nation’s skills. Employees Entitled To Know More - 07/05/2008 The Information and Consultation of Employees Regulations 2004 have been extended to cover undertakings with 50 or more employees from 6 April 2008. Entrepreneurs’ Relief - 07/05/2008 After business leaders voiced their objections to the abolition of taper relief, the Chancellor introduced a new Entrepreneurs’ Relief (ER). ER may be available for disposals, reorganisations and relevant transactions taking place on or after 6 April 2008. 10% Rate Of Income Tax - 07/05/2008 Since the start of the tax year the basic rate of income tax has been reduced from 22% to 20% and the starting rate of 10% abolished for income except for savings and dividend income. Marks & Spencer VAT Win - 07/05/2008 M&S have won a landmark victory in the European Court of Justice. The case concerned whether or not HMRC were correct to limit the amount of VAT they repaid to the company after their chocolate teacakes were reclassified as a cake rather than a chocolate biscuit.
|
