A full report on this year’s Budget can be downloaded via our download page here.
For a full report on the issues raised in the budget announced on 21st March 2012, please visit our downloads page
The role of Companies House is often unknown to both start-ups and many established businesses. Clients are often confused as to why they are required to file accounts with both HMRC and Companies House.
HMRC have confirmed in the latest Employer Bulletin that they intend to impose penalties on all employers who fail to send their payroll starter and leaver forms online from April 2012.
HMRC have announced that they will turn their attention to those involved in home improvement trades and direct selling (online market sellers) in their next round of Tax Catch Up Plans.
Dividends are widely used by companies as a tax efficient way of remunerating its shareholders. The tax system surrounding dividends however is a little more complicated than some other sources of income. This confusion often arises due to the tax credit received on dividends.
HMRC are issuing PAYE tax codes for 2012/13. These new coding notices, which are due to be issued between January and March 2012, will be used against employees pay from April 2012 onwards. It is important that these coding notices are checked carefully as an incorrect code will result in too little or too much tax being deducted from pay or pension payments.
Since April 2010 most VAT registered businesses have been required to submit their VAT Returns online and pay any VAT due electronically. From 1 April 2012 all VAT registered businesses will be required to meet these requirements, apart from a very small number who will be exempt.
Unfortunately due to lack of numbers, the Northamptonshire Community Foundation have had to cancel the Frock Swap event on 13th October. They will however been holding a Christmas Fair on 27th November at the Royal & Derngate.