Paper self-assessment tax date imminent

Taxpayers are being reminded that the date for submitting a paper self-assessment tax return is looming. The cut-off point for paper returns is 31 October. Last year, some 2,467,000 people submitted self-assessment tax returns in paper format. Of those, 2,143,000 (87...

Minimum wage rates soon to increase

Employers are being reminded that new national minimum wage rates will be coming into force in October. There is also a new rule affecting 21-year-olds. As from 1 October, employees will no longer have to be aged 22 to become eligible for the top hourly minimum wage...

PAYE consultation date looming

Employers have little time remaining in which to share their views with HM Revenue and Customs (HMRC) on possible changes to the PAYE system. The government is looking to update the system and to reduce admin costs for businesses, and is seeking input from employers....

HMRC warns of fraudsters’ latest tax rebate scam

HM Revenue and Customs (HMRC) has announced that 180 websites that send scam emails to taxpayers have been shut down over the past three months. The “phishing” emails promise recipients a tax refund in return for details of their bank accounts and other...

Government embarks on tax consultation

The Treasury has issued nine consultation papers on various aspects of the personal and business tax system in what amounts to a far-reaching overhaul of the entire regime. The papers are asking for views on, among other topics, a reform of the PAYE system, pensions...

Reminder of new VAT online filing rules

HM Revenue and Customs (HMRC) has reminded businesses of changes to the rules on VAT which mean that many must now file returns and make payments online. Under the new rules, existing VAT-registered businesses with annual turnovers of £100,000 or more (excluding VAT),...