HMT News – November 2014

big-deal-newsletter-november2014Pension flexibility

In Budget 2014 radical changes to the way individuals can access their pensions were announced. Read full story

HMRC Credit Card Sales Campaign disclosure opportunity

HMRC have launched yet another disclosure opportunity this time aimed at undisclosed credit card sales. Read full story

HMT voted 3rd ‘Best Company to Work For’ at the Thames Valley Business Magazine Awards

HMT is delighted to be recognised 3rd ‘Best Company to Work For’ by Hays at the 2014 Thames Valley Business Magazine Awards for the second consecutive year.

IR35 Business Entity Tests

The ‘IR35’ rules are designed to prevent the avoidance of tax and national insurance contributions through the use of personal service companies and partnerships. Read full story

HMRC to collect more debt through tax codes

HMRC can currently collect debts of up to £3,000 by adjusting an individual’s Pay As You Earn (PAYE) tax code which applies to their employment or pensions incomes. Read full story

VAT on ‘snowballs’

HMRC have published a Brief which advises that ‘snowballs’ are zero rated for VAT purposes. Read full story

Avoiding a post party headache

Our Senior Tax Manager Vivienne Day is explaining tax exemptions of Christmas parties for employees. Read article here

Acas guidance on new shared parental leave rules

Acas have issued a new guide to help employers and employees to understand the practicalities of the Shared Parental Leave (SPL) Regulations. Read full story

New audit and accounting rules for UK small businesses

The Financial Reporting Council (FRC) and the Department for Business Innovation and Skills (BIS) have recently announced their plan for implementation of a new EU directive in the UK. Read full story

2012/13 tax gap

HMRC have announced the latest tax gap figures. Read full story