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News

25 Jul

Deadline For Reporting Benefits-In-Kind Nears....

Most employers are currently getting their houses in order when it comes to reporting employee benefits and expenses ahead of the 6th July 2018 deadline.

At the end of the tax year, employers may need to inform HMRC if any taxable benefits were handed out to members of staff over the previous 12 months.  These include cars, health insurance, non-business travel or entertainment expenses and assets provided by an employer that have significant personal use.

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24 Jul

HMRC Defers Launch of Digital Accounts for Individuals

HMRC has delayed rolling out digital services for individuals, such as the simple assessment and dynamic coding changes.

The move was announced in an email sent to stakeholders, which confirmed the delay was down to a shift in key priorities driven by the need to free up civil servants for Brexit.

Jon Thompson, Chief Executive at HMRC, said:

"We feel the need to take a step back and look carefully at what we could, and should, deliver in light of those (Brexit) challenges.

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19 Jul

Businesses Call For More Government Support

Four out of five entrepreneurs in the UK believe the Government could do more to support their small business, research claims.

Aldermore surveyed 1,799 people, including 642 small business owners and found 79% of respondents believed existing initiatives did not provide enough support to SMEs.

Apprenticeship levy funds to towards the training of apprentices but only 36% of SMEs polled were aware of the funding and only 4% had accessed this form of Government support.

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