Latest News

September 2014

HMRC postpones RTI late filing penalties for small firms

Banks & Co are advising businesses that HM Revenue and Customs (HMRC) has announced that firms with 49 or fewer staff will be exempt from RTI late filing penalties until March 2015.

Online traders warned after eBay seller jailed for tax fraud

Banks & Co are warning online traders that they must disclose their earnings to HMRC, following a recent prosecution of an eBay trader.

Taxpayers warned over email scam

Banks & Co are warning taxpayers to be vigilant about an email scam suggesting that they have been removed from self assessment.

Partners to be given right to accompany expectant mothers to ante-natal appointments

Banks & Co are reminding employers that from 1 October 2014 an expectant father or partner of a pregnant woman will be entitled to accompany them to up to two ante-natal appointments.

Help us to close zero hour contract loopholes, says Cable

Business Secretary Vince Cable has urged businesses, unions and individuals to help identify and close potential loopholes in plans to ban the use of exclusivity clauses in zero hours contracts.

New NMW rates coming soon

Employers are reminded that new national minimum wage (NMW) rates will take effect from 1 October 2014, benefiting more than one million lower paid workers.

Employers cash in with £2,000 NICs saving

New government data has shown that almost a million employers are benefiting from a £2,000 cut in their annual national insurance contributions (NICs) bill.

Auto-enrolment hits 4m landmark

New figures from the Pensions Regulator show that more than four million workers have now been automatically enrolled into a workplace pension.

Government steps up action on offshore tax evaders

People could face criminal prosecution if they fail to declare and pay offshore tax liabilities.

Tax summaries on the way

Millions of taxpayers will receive a new personal tax summary from October 2014.

 

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Accountants Newbury, Berkshire
Accountants Newbury, Berkshire

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Banks & Co: The Budget Statement 2014