The Budget 2008 - 13/03/2008

Alistair Darling has delivered his first Budget as Chancellor of the Exchequer. His focus was very much on stability against a backdrop of economic slowdown and turbulence in the global financial budgets.


Exam Success - 07/03/2008

Hilary Bevan

The Partners are delighted to announce that Hilary Bevan has passed the final ACCA examinations and is now a fully qualified accountant. Hilary joined the Firm as a trainee in 1998 and works in Trevor Cook's team and works on a wide variety of client business accounts varying from farmers to manufacturers.

Trevor said: 'We are delighted for Hilary and this success is fitting reward for all her hard work. She passed every exam at the first attempt and my fellow Partners join me in congratulating Hilary on her achievement'.

Illegal Working Changes - 06/03/2008

For many years, there have been requirements for employers to verify the identity of their workers, to prevent illegal working. The legislation was backed up with fines.


Update On Residence And Domicile - 06/03/2008

As you may remember, the Pre-Budget Report announced that HMRC would be changing the rules on residence and domicile from 6 April 2008.


Expenses For Employees - 06/03/2008

Normally, the payment or reimbursement of expenses or the provision of a benefit in kind is taxable on the employee. However, particularly with expenses, it may well be that the employee is entitled to tax relief personally on the same amount. In order to obtain the relief, the employee would have to write to HMRC or fill out a tax return.


Employer And Contractor Returns Interim Penalties - 06/03/2008

HMRC have announced that they have started sending penalty notices where their records show that they have not received 2006/07 forms P35 and P14 (the employer’s annual return and end of year summary). Similar penalties are also being issued where 2006/07 form CIS36 (the contractor’s annual return) is outstanding.


Funds To Help Dispute Resolution - 06/03/2008

The government has announced up to £37m of funding to prevent work place disputes unnecessarily going to employment tribunals. The measures are part of a package designed to simplify the dispute resolution system.


Had problems filing your tax return on time? - 06/03/2008

It will come as little surprise that, once again, an HMRC online system crashed an important time of year. This time it was the self assessment online service that was disrupted on 31 January 2008 and 1 February 2008.


Employment Rights - Statutory Limits - 06/03/2008

The limits on payments and awards made to workers in certain employment rights cases rose from 1 February 2008.


Benefits In Kind And Expenses In The Payroll - 06/03/2008

HMRC have published a consultation document on payrolling benefits in kind. The idea is that payrolling benefits in kind would remove the need for employers to complete P11Ds.


No PAYE/NIC Or CIS Deduction Payments Due - 06/03/2008

Even if no PAYE/NICs or CIS deductions payments are due for a given month or quarter, businesses are still generally required to notify HMRC by way of a ‘nil’ return.



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Baines Jewitt Chartered Accountants, Barrington House, 41-45 Yarm Lane, Stockton on Tees, TS18 3EA.
Tel: 01642 632032 - Fax: 01642 632034 Teesside & North East Chartered Accountants