Latest News

November 2014

HMRC withdraws tax and NICs guide for intermediaries

Banks and Co are warning freelancers, contractors and the self-employed that HM Revenue and Customs has withdrawn a guide to tax and National Insurance Contributions (NICs).

Landlords offered disclosure opportunity

Banks and Co are reminding landlords that they are being given the opportunity to come clean over whether they owe tax.

Overtime to form part of worker’s holiday pay

Banks and Co are warning employers of an Employment Appeals Tribunal which has ruled that voluntary overtime payments should be taken into consideration when calculating a worker’s holiday pay entitlement.

Small employers warned on RTI penalties

Banks and Co are warning small employers they could face penalties if they fail to submit payroll details under the new Real Time Information (RTI) system.

HMRC issues phishing alert

HM Revenue & Customs (HMRC) is warning taxpayers to be on their guard against fraudulent phishing emails.

SMEs to be offered second chance to access finance

The government has published draft legislation introducing new measures to help smaller businesses source the finance they need.

PAYE tax debt repayment limit increased

HM Revenue & Customs (HMRC) is to increase the amount of money it can take through PAYE to settle tax debts from April 2015.

Businesses urged to step up cyber security

Small and medium-sized businesses are being urged to become more proactive in protecting themselves against online fraud.

Export support soars by 50%

The number of businesses receiving export support has increased by 50 per cent in the last financial year, the government has announced.

Staging date awareness still low in smallest firms

New research has found that fewer than half of the smallest employers know their staging date – the date when they must start auto-enrolling eligible workers into a qualifying workplace pension scheme.

 

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Accountants Newbury, Berkshire
Accountants Newbury, Berkshire

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Banks & Co: The Budget Statement 2014