Humphrey & Co News

VAT: Return of the 17.5% rate – Measures to help business

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 [...]

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NATIONAL MINIMUM WAGE

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 [...]

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Deadline for ICESAVE ISA customers….

September 8th, 2009

Investors wishing to reinvest their Icesave compensation in an ISA with another provider must request a certificate from the FSCS (Financial Services Compensation Scheme) by Wednesday 9 September.
The FSCS has already sent all Icesave ISA customers a Reinstatement Certificate enabling them to keep the tax-free status of their money and reinvest it with another provider. However [...]

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Humphrey & Co welcome two new trainees

September 3rd, 2009

Humphey & Co are pleased to welcome two new trainees to the firm, Emily Fletcher and Peter McMahon.
Both Emily and Peter will be based in our Eastbourne office, and will regularly attend Reed Business School in Gloucestershire, as they embark on their three year contract to become qualified ICAEW Chartered Accountants (ACA).
We wish them the best [...]

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Think you’ve overpaid tax? Use the HMRC Tax Checker

September 3rd, 2009

Think you’ve overpaid tax and are due a repayment? You can use this handy HMRC checker to find out…
There are a few things you need to know before you start to use the checker:
 - The checker works it out in whole pounds only, so you don’t need to enter any pence. The rules are:
 - round-down [...]

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HMRC Launch ‘New Disclosure Opportunity’ Today

September 1st, 2009

The New Disclosure Opportunity, allowing people with unpaid taxes linked to offshore accounts or assets to settle their tax liabilities at a favourable penalty rate, started on 1 September and will run until 12 March 2010.
If you have unpaid tax linked to an offshore account or asset to declare you will need to notify HMRC AND disclose [...]

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