Blog & News

HM Revenue & Customs (HMRC) is issuing an urgent reminder to employers – file your annual return online by the 19 May deadline, or you could face a penalty.
Employer Annual Returns must be sent to HMRC by the 19 May filing deadline. Failure to do so will almost certainly result in a late-filing penalty. In previous years, an extra-statutory concession gave employers extra time before HMRC charged a penalty, but this has now been withdrawn.

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Make sure you are fully compliant – click on the following link for full details
Spring PAYE alert for Employers.

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The National Insurance Contributions Bill has now been passed by Parliament and is now the National Insurance Contributions Act 2011. If you chose to wait until after the Bill was passed by Parliament before applying for the NICs holiday, you can now complete your application without concern that the criteria will change. Read more on the HMRC website.
Read our guide ‘Employer NICs holiday – who can apply?’ to see if you can take advantage of the holiday

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HMRC have announced that starting with 2010/11 tax returns, those filed late will attract the following charges, and the penalty will be levied whether or not there was any tax due to be paid. Previously if the late filed tax return resulted in no tax being due, penalties were not usually payable:

1 day late – initial £100
3 months late – £10 each day – up to a maximum of £900
6 months late – £300 or 5% of the tax due, whichever is the higher.
12months late – £300 or 5% of the tax due, whichever is the highet
In serious cases you may be asked to pay up to 100% of the tax due instead.

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The following rates will come into effect on 1 October 2011:

• The adult rate will increase by 15p to £6.08 an hour;
• The rate for 18-20 year olds will increase by 6p to £4.98 an hour;
• The rate for 16-17 year olds will increase by 4p to £3.68 an hour; and
• The rate for apprentices will increase by 10p to £2.60 an hour.

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The Bribery Act will come into force in July this year. To ensure that businesses are fully prepared the government is giving a 3 month notice period. Read the full implications for all business here:
Bribery Act 2010: Guidance about commercial organisations preventing bribery

and the quick start guide to help SMEs in particular
Quick start guide

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are the most popular method of payslip delivery according to a recent survey by the C.I.P.P. (Chartered Institute of Payroll Professionals) having overtaken the pressure sealed “security” type favoured previously. This makes a lot of sense, given the rising cost of postage.

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Your Employer Annual Return is due by 19 May following the end of the tax year. If you are registered with H.M. Revenue & Customs for P.A.Y.E. a P35 yearend return must be filed electronically. This can be done either via payroll software or via the HMRC website. Even if you have not made any salary or wage payments throughout the year, a nil return must still be filed in order to avoid reminder letters and penalty notices being issued. This can be done via the link below:
Employer – notify HMRC online no Employer Annual Return to make

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Tax cheats will face up to five years’ detailed scrutiny from the taxman, it was announced today.
Click link to read the full announcement Click Here

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will be unavailable from Saturday 2 April until 06.00 Wednesday 6 April to allow for IT upgrades. All services will be affected including Corporation Tax, Self Assessment, PAYE and VAT. If your VAT period ended on 28th February you should therefore ensure that you make your electronic payment by Friday 1st April to avoid penalty charges.

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