Hallidays have published their monthly round up of news and articles.
Each month Hallidays provide links to bodies such as HMRC for news items that may impact on your business decisions.
Auto enrolment tool
Under Pensions Auto Enrolment employers must:
- ‘auto enrol’ eligible employees into a pension scheme
- make employer pension contributions for them, and
- make deductions of employee pension contributions from the employees pay.
Although the rules came into force from October 2012, they only impact on the largest employers from that date, as few employers have a workforce of more than 120,000. For those employers with a more modest number of employees the start dates vary by number of employees and PAYE reference.
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Real Time Information
HMRC are issuing final reminders to employers to ‘act now’ in order to be ready to report PAYE under Real time Information.
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Paying HMRC by Bill Pay
The ICAEW has reported that HMRC are aware that there are problems with the Bank of Santander’s Bill Pay service which is used by many individuals to pay their self assessment tax liabilities by credit or debit card.
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Tax rebate phishing scam
HMRC are warning taxpayers not to fall victim of scam emails sent by fraudsters.
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HMRC report self assessment statistics
HMRC have reported that a record 9.61 million people submitted their self assessment tax return on time this year.
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HMRC win furnished holiday lettings test case
HMRC have been successful in a test case which considered the tax reliefs available for Furnished Holiday Lettings.
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Shared Parental Leave
Proposals to change the way parents can share maternity leave have been outlined as part of the Children and Families Bill.
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Tackling long term sickness absence
The government has announced proposals to introduce a new independent assessment and advisory service aimed at getting people back to work.
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Health and Safety reforms
The government has announced that they have made significant progress in reforming Health and Safety requirements.
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Charities online Gift Aid service
HMRC have announced that claiming gift aid repayments will be quicker and easier for charities and sports clubs from April 2013.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published to take effect from 1 March 2013.
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