HMRC targets second incomes

Employees who have undeclared income from self-employment are being urged to notify HM Revenue & Customs (HMRC). HMRC published guidance on its Second Incomes Campaign on 9 April aimed at employees who have additional income from working for themselves, for example through: consultancy work, e.g. for providing training organising parties and events providing services like… Read more…

New tax statements on the way

Around 24 million people are to receive a personal tax statement from HM Revenue & Customs (HMRC), setting out how much tax they paid in 2013-14 and how it contributed to public expenditure. The new initiative will take effect from October this year, as part of the government’s drive to make the UK tax system… Read more…

Reform business rates, say MPs

The current system of business rates is not fit for purpose and needs to be fundamentally reformed, says an influential committee of MPs. In a report issued on 4 March, the Business, Innovation and Skills Committee called for a wholesale review, going beyond the administration of business rates, to examine whether retail taxes should be… Read more…

Thousands respond to ‘zero hours’ consultation

More than 30,000 responses have flooded in to a government consultation on zero hours contracts. The 12-week consultation, launched last December, focused on the two key issues of exclusivity in employment contracts and lack of transparency for employees. The government said that some businesses employing people on a zero hours contract bar them from working… Read more…

‘Don’t stick head in sand on RTI’, says tax chief

More than 70,000 employers have been warned that they face penalties unless they submit employees’ Pay As You Earn (PAYE) information in real time. Employers who have never used the new Real Time Information (RTI) system to file PAYE returns were sent an email in March telling them to do so by the end of… Read more…

New deal to make bank account comparisons easier

Major current account providers have signed up to an agreement that will give customers their account data in a simple, standardised format that can be used in comparison sites for the first time. The agreement, brokered by HM Treasury and the Department for Business, Innovation and Skills, should enable consumers to carry out quick and… Read more…

Taxpayers warned on NIC debts

People with unpaid national insurance contributions (NICs) have been warned that private debt collectors could be used to recover the money they owe HM Revenue & Customs (HMRC). People paying tax through Pay As You Earn (PAYE) as an employee or who receive a taxable, UK-based private pension may have received a P2 annual coding… Read more…

Time to act on auto-enrolment, says regulator

The Pensions Regulator has urged small and medium-sized employers to find out when their new workplace pension duties begin, following research showing that many have yet to check when auto-enrolment will affect them. Thousands of medium-sized employers will reach their staging date – the date at which they must start automatic enrolment of eligible workers… Read more…

Time running out for health professionals

Time is ticking away for health professionals to bring their tax affairs up to date on the best possible terms in an HM Revenue & Customs’ (HMRC) campaign that could lead to more tax investigations and even prosecutions. More than 180,000 people were offered the opportunity to put their tax affairs in order under the… Read more…

New service aims to ease employment dispute burden

The head of the service that will provide free support to help employers and employees resolve employment disputes more quickly has been highlighting the benefits it offers. From 6 April 2014, anyone considering making an employment tribunal claim about a workplace issue – such as an unfair dismissal claim, redundancy payments or issues around equal… Read more…