Financial eNews

HMRC announce latest taskforces

The latest targets in HMRC's sights.

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Non statutory expenses

HMRC have introduced an optional system of 'simpler income tax for smaller businesses' for smaller unincorporated businesses.

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Real Time Information and annual schemes

HMRC have received a number of requests since April 2013 from employers, asking for the status of their PAYE schemes to be changed to 'annual' which is only an option where employees are only paid once a year.

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Single Compliance Process

HMRC have been trialling a new approach to enquiries, known as the Single Compliance Process.

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Tax return amnesty

HMRC have launched a tax return 'amnesty' for those individuals who have been issued with a self assessment tax return or notice to complete a tax return for any year up to 2011/12 and have not completed the return(s).

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published to take effect from 1 June 2013.

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