HomeNewsGlazers NewswireJune 2010 Newswire

Glazers June 2010 Newswire

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Holiday Entitlement

With signs that spring is finally here many employees will be planning or longing for their summer holidays. Holiday entitlement is one of the complex areas which can cause employee dissatisfaction if not handled correctly, especially for those with part time or irregular hours.

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HMRC Warn Of Email Rebate Scam

HMRC are once again warning that taxpayers are being emailed stating that they are entitled to a tax rebate.  These emails are being sent from a number of bogus email addresses. They inform recipients that they are entitled to a tax rebate and invite them to complete an online form to receive a rebate of tax.

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HMRC takes hard line on Time to Pay applications

The number of companies being refused more time to pay tax bills has doubled, new figures have revealed.

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Budget Date Announced

The new coalition government is settling into office and a date has been announced for the emergency Budget. Chancellor of the Exchequer George Osborne will present the emergency Budget on Tuesday 22 June 2010.

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State Pension Age And National Insurance Contributions

HMRC are reminding employers to take care when deciding whether or not their employees need to pay national insurance contributions (NICs). Employees do not need to pay NICs on reaching State Pension age (SPa).

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Changes To The Advisory Fuel Rates From 1 June 2010

To reflect the increase in fuel prices, HMRC have issued new advisory fuel rates for employees driving employer provided cars. These take effect for all journeys undertaken from 1 June 2010, so employers using the advisory rates should advise affected employees and update any expense forms as soon as possible.

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Child Trust Fund To Be Cut

The government has outlined plans to make changes to the Child Trust Fund as part of plans to cut £6 billion in expenditure.

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P11d Deadline Looming

The forms P11D, and where appropriate P9D, which report employees’ and directors’ benefits and expenses for the year ended 5 April 2010, are due for submission to HMRC by 6 July 2010. The process of gathering the necessary information can take some time, so it is important that this process is not left to the last minute.

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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
Business - www.glazers.co.uk/business_news.htm

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Glazers is registered to carry out audit work and regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.

The information in this newswire is believed to be correct at the time of circulation. It is essential to take advice on specific issues.