Press Releases

Businesses urged to check small print of Budget say Weybridge accountants

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Businesses are being urged to examine the Budget statement to see how they can benefit from the measures announced, say Weybridge-based chartered accountants TWP. Billed as a “Budget for a Resilient UK”, Osborne hailed significant growth forecasts, while underpinning the need for economic security in his final statement before next year’s elections. The biggest announcement […]

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Average IHT bill tops £160,000

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Estates that paid inheritance tax (IHT) in the UK faced a bill of nearly £166,000, according to new analysis of the most recent HM Revenue & Customs data. The research, issued by Prudential on 21 February, was based on the latest publicly available data on tax receipts, for the financial year 2010-11. In that year, […]

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Annuities market ‘closing door on consumers’

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The first in-depth study of the annuities market has concluded it is not working well for consumers. The Financial Conduct Authority (FCA), which carried out the review, based its findings on information from 25 firms representing 98 per cent of the annuities market by volume of sales. As a result, it will now use its […]

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Brits set to ‘pay taxman £4.7bn more than needed’

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New research suggests that UK taxpayers are set to waste almost £5 billion this year by paying more tax than necessary. The 2014 TaxAction research, released on 17 February by www.unbiased.co.uk, a website enabling consumers to find professional advisers, reveals that taxpayers are set to pay £100 million more in tax than they did in […]

Business News

Employee travel disruption

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From time to time and particularly with the current weather conditions, travel disruption can affect an employee’s ability to get to work on time, or in some cases at all. For situations ranging from public transport cancellations to severe weather, employers and employees should consider how this could impact on the workforce. Acas provide some useful guidance on […]

Business News

Electronic messages to employers

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HMRC have issued an electronic warning message to employers who have not submitted their Full Payment Submission (FPS) return(s) during the January tax month. The message is intended to be a reminder to employers and is not a penalty notice. HMRC are advising employers who receive this message that they should check that they have […]

Business News

PAYE end of year approaching

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HMRC are reminding employers that with the end of the 2013/14 tax year approaching they will soon need to make their final 2013/14 PAYE (RTI) submission. For most employers, the final submission will be their final Full Payment Submission (FPS) which advises HMRC about the very last employee payments for 2013/14 and this needs to […]