Latest News

April 2015

Give taxpayers choice on returns, say experts

Tax experts have given a cautious welcome to plans for digital tax accounts, saying that paper returns must remain an option.

Regulator issues new auto-enrolment guide

A new step-by-step guide to help small businesses get ready for their automatic enrolment duties has been launched by the Pensions Regulator.

Big companies told to publish payment practices

Large companies will be made to publish their payment practices, as part of a government drive to level the playing field for small business.

Business rates review launched

A “radical” review of business rates could bring in major changes to the way the annual charge is paid on 1.8 million properties in England.

Consumers ‘concerned over sharing of personal data’

The Information Commissioner has told businesses they need to do more to inform consumers about the way their information is being shared.

Experts throw out ‘bizarre’ health and safety excuses

A ban on paperclips in an office and the cancellation of a custard pie fight were among hundreds of issues reported to health and safety myth busters.

Parties pledge not to raise VAT

Businesses and families have been given assurances by the three main political parties that they will not increase VAT.

Single corporation tax rate takes effect

Businesses are reminded that from 1 April 2015, one single unified rate of corporation tax of 20 per cent applies.

Employers to reveal gender pay gap

Mark Taylor, a director at Banks & Co is reminding companies that employ more than 250 people that they will soon have to reveal differences between average pay for male and female workers under a change to a law passing through Parliament.

How will the pension reforms affect you?

New pension freedoms for over 55s that were introduced at the start of the month represent the biggest shake-up to pensions in a generation. Although the reforms will change the way we save and spend before and during retirement, Banks & Co are warning people not to be too hasty.

People need to be aware of changes to tax-efficient schemes

Banks & Co are reminding individuals that a number of tax-efficient investment schemes will soon be changing.

Be prepared for changes to prompt payment discounts

Banks & Co is reminding business owners that the rules surrounding VAT declaration on prompt payment discounts (PPDs) have changed from 1 April 2015.

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Accountants Newbury, Berkshire

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Budget 2015