February 2nd, 2010
The following announcement was posted on the HMRC website today:
Annual Coding: multiple or incorrect Coding Notices – update
We advised you that HMRC recently introduced a new National Insurance and PAYE system and that we are using it to issue tax coding notices for the first time.
The transition to the new system has brought to [...]
read the full article ...
Posted in
All News Articles | for Companies | for Dentists | for Individuals
December 15th, 2009
Pubs, clubs, restaurants and other retail businesses remaining open past midnight on New Year’s Eve will be allowed to continue charging VAT at 15% on their sales until they close or until 6am on 1 January 2010, whichever is the earlier.
Similar arrangements will apply to telecommunications companies in respect of calls and texts made up [...]
read the full article ...
Posted in
for Charities | for Companies | for Individuals
December 11th, 2009
Updating QuickBooks
There is an update available for QuickBooks users to refresh the software so as to be prepared for the VAT rate change.
Intuit Software have compiled a list of FAQs on their site . There are instructions on how to make the rate change in QuickBooks, and once it’s set to the new rate, [...]
read the full article ...
Posted in
All News Articles | for Companies | for Individuals
December 3rd, 2009
There are a number of changes which will affect many businesses from 1 January 2010. Here is a quick summary of the key changes.
All Businesses
Change of VAT Rate
The standard rate of VAT goes back to 17.5% on 1 January 2010. The new VAT fraction to use when a price is stated as being inclusive of [...]
read the full article ...
Posted in
All News Articles | for Charities | for Companies | for Individuals
November 6th, 2009
On 1 December 2008 the standard rate of VAT was temporarily reduced to 15 per cent. It reverts to 17.5 per cent on 1 January 2010. HMRC recognises that the date of the change may cause problems for certain businesses at a particularly busy time of year so we have introduced two measures to help [...]
read the full article ...
Posted in
All News Articles | for Charities | for Companies | for Individuals
October 1st, 2009
The minimum wage is a legal right which covers almost all workers above compulsory school leaving age.
With effect from 1st October 2009, the rates will increase, so it is important to review your employees rates of pay to ensure that they are not being underpaid.
There are different minimum wage rates for different groups of [...]
read the full article ...
Posted in
All News Articles | for Charities | for Companies | for Individuals