Latest News

March 2015

Tax summaries go online

More than eight million taxpayers who filed their 2013-14 tax return electronically by the 31 January deadline can now access their tax summary online.

Marriage allowance comes a step closer

Married couples and civil partners can now register to receive a new tax break. The government opened online registration for the marriage allowance, which will help to save couples up to £212 a year, on 20 February.

NMW set to rise to £6.70

The Low Pay Commission has recommended that the adult national minimum wage (NMW) rate should increase to £6.70 an hour from October 2015.

Charities offered new web service

Charities can now register their details online with HM Revenue & Customs (HMRC).

‘Pot follows member’ to start in 2016

A new system to stop workers losing small pension pots as they move from job to job is set to be launched next year.

Taxpayers urged to challenge error penalties

Taxpayers who filed returns by the self assessment deadline of 31 January, but who made a mistake on their forms, could be facing a demand from HM Revenue & Customs (HMRC) for an inaccuracy penalty, tax campaigners have warned.

Webb calls for pensions tax relief reform

Pensions Minister Steve Webb has called for a 33 per cent flat rate to be introduced for pensions tax relief, replacing the 40 and 45 per cent rates for higher earners.

Budget Statement 2015

Fifty days before the General Election, Chancellor George Osborne today delivered his sixth and final Budget of this Parliament.

Have you checked for fraud and error?

Banks & Co are warning businesses to check their accounts regularly to identify errors and fraudulent acts that could potentially harm their business.

Banks & Co reminds employers about the change in rules to PAYE information

Banks & Co are reminding businesses that they will no longer be automatically penalised for failing to file PAYE information under new changes to the legislation.

Did you forget to file your return on time? Be prepared says Banks & Co

Banks & Co are warning people who filed their tax returns late to be prepared for fines and to deal with them quickly before they become a bigger issue.

The TTIP of the iceberg

The future of the UK’s SMEs could be threatened if the Transatlantic Trade and Investment Partnership (TTIP) is introduced. That’s the warning from Mark Taylor, a director at Banks & Co who goes on to argue that TTIP will have a huge impact on UK companies.

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Accountants Newbury, Berkshire

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Budget 2015