HMT News – November 2014
Pension 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