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Archive for January, 2012

HAVE YOU GOT A SCHEME?

From 2012 all employers will need to ensure that they enroll all qualifying employees in a pension scheme.
Fergus Neilson will be liasing with all our clients to ensure that they have the maximum information to allow them to make considered decisions

Company cars – advisory fuel rates from 1 December 2011

Engine size Petrol LPG
1400cc or less 15p 10p
1401cc to 2000cc 18p 12p
Over 2000cc 26p 18p
Engine size Diesel
1600cc or less 12p
1601cc to 2000cc 15p
Over 2000cc 18p

For the full listing see HMRC advisory fuel rates.

DON’T BE LATE – the fines have increased

Those of you who haven’t filed your self assessment tax return on line by January 31st 2012 can now be fined £100 – even if you have no income tax to pay! or have already paid it! If you miss the January 31st deadline and thereafter are more than three months late you will be charged £10 per day up to a maximum of £900 – that’s a fine of £1000! There are then extra fines if you are over six months or nine months late in filing your tax return as well.

Annual leave and sickness absence

A recent judgment by the European Court of Justice on paid holiday (Stringer vs HMRC) means that employees on long term sickness absence are eligible for the minimum Working Time Directive paid annual leave entitlement. Employers should either be paying the 28 days (or pro-rata) during the relevant leave year, despite the employee’s absence or agreeing to carry forward the untaken leave to the next leave year.