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| New Statutory Payment Rates for 2009/10 |
The new Statutory Payment Rates for 2009/10 have been announced (subject to Parliamentary approval). Click here to view article. |
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Changes to SSP for agency workers |
Following the Court decision in the case of Thorn Baker Limited, the Department for Work and Pensions (DWP) have amended the legislation. This was done to restore the Government’s original policy intention that agency workers who have contracts of less than three months should be eligible for Statutory Sick Pay (SSP) within the first three months of their contract. Click here to view article. |
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National Insurance Contributions from April 2009 |
From 6 April 2009, changes have been made to how employers will have to record National Insurance Contributions (NICs) due to changes to the State Second Pension. Click here to view article. |
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| Statutory Maternity Leave, Salary Sacrifice and Non-Cash Benefits |
Salary sacrifice is a change to an employee’s contractual pay entitlement. It often involves the giving up of some entitlement to pay in return for some other form of benefit, such as employer pension contributions or childcare vouchers. Depending on the sort of benefit involved, tax and/or National Insurance savings can often result for both the employer and employee. Click here to view article. |
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'How to Pay' Changes |
During 2009, HMRC will be changing the bank accounts into which businesses and individuals make payments. These changes will be phased in throughout the year but HMRC will keep businesses and taxpayers informed of any changes. Click here to view article. |
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| PAYE Changes |
HMRC have issued a reminder to employers with 50 or more employees that they must send their employee starter and leaver information - P45s, P46s and P46(Pen) for pensions - online from 6 April 2009. As always, failure to comply with these new rules could result in a penalty. Click here to view article. |
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| HMRC Warn of Latest Fraud Attempt |
HMRC are warning taxpayers of the latest fraud attempt to be reported to them. Click here to view article. |
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| New tax rules on way for car purchases |
Businesses considering investing in cars from April 2009 need to be aware of new capital allowances rules for tax relief on these vehicles. Click here to view article. |
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| Don’t Lose Out on Loss Relief |
With the economic downturn continuing to take its toll, companies, partnerships, sole traders and individuals are reminded to make best use of their loss relief in trading in the most tax-effective way. Click here to view article. |
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| HMRC Steps Up Push for VAT Filing Online |
Businesses will need to get to grips with online filing of their VAT returns next year. Click here to view article. |
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| Business & Tax News |
You can find all our recent tax and business articles by clicking on the following links: Tax - www.glazers.co.uk/tax_news.htm |
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Glazers Chartered Accountants
843 Finchley Road, London NW11 8NA Tel no: (020) 8458 7427 Fax no: (020) 8458 8504 e-mail:quality@glazers.co.uk web: www.glazers.co.uk
The information in this newswire is believed to be correct at the time of circulation. It is essential to take advice on specific issues. |