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Anti-money laundering reforms announced

  • Posted On: 27 April 2016
Anti-money laundering reforms announced The Prime Minister will be hosting the Anti-Corruption Summit on 12 May 2016 to help expose, punish and drive out corruption. The summit will be the first of its kind bringing together world leaders to prepare a global response to tackle corruption.

Renewing tax credit claims

  • Posted On: 27 April 2016
Renewing tax credit claims Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2016. Claimants who do not renew on-time may have their payments stopped. HMRC has begun sending tax credits renewal packs to

Consultation on secondary annuities market

  • Posted On: 27 April 2016
Consultation on secondary annuities market Late last year, the government confirmed that a new secondary annuity market would be created by April 2017. The introduction of these new freedoms to sell annuities will benefit more than five million people who own an annuity as well as anyone who

Employer deadline for providing P60s

  • Posted On: 27 April 2016
Employer deadline for providing P60s Now that the 2015-16 tax year has ended, employers should have completed their final PAYE submission for the tax year. It is important that employers remember to provide relevant employees with a copy of their P60 form by 31 May 2016. The P60 is a

Introduction of the Union Customs Code from 1 May 2016

  • Posted On: 27 April 2016
Introduction of the Union Customs Code from 1 May 2016 A new customs information paper has been released on the subject of the introduction of the Union Customs Code (UCC) legislation and how it affects Temporary Storage (TS). The UCC is being introduced across the European Union on 1 May 2016. The UCC

Employment intermediaries reporting deadline approaching

  • Posted On: 27 April 2016
Employment intermediaries reporting deadline approaching New rules introduced in April 2015 require employment intermediaries, which supply two or more workers to a client, to send HMRC details of workers where they don’t operate PAYE on the workers’ payments. HMRC have introduced these new rules to help

Employers not to cut staff benefits to fund National Living Wage

  • Posted On: 26 April 2016
Employers not to cut staff benefits to fund National Living Wage The new National Living Wage (NLW) came into force on 1 April 2016 and it entitles workers aged 25 and over to a minimum wage of £7.20 per hour. However, it would appear that a number of businesses have withdrawn staff benefits and perks, such as

Credit Card Sales disclosure campaign continues

  • Posted On: 20 April 2016
Credit Card Sales disclosure campaign continues The Credit Card Sales campaign offers individuals and businesses that accept credit and debit card payments the opportunity to bring their affairs up to date and take advantage of the best possible terms. Any individual or company that accepts credit

Changes to tax credit overpayment recovery rules

  • Posted On: 20 April 2016
Changes to tax credit overpayment recovery rules The Low Income Tax Reform Group (LITRG) was established in 1998 to improve the policy and processes of the tax, tax credits and associated welfare systems for the benefit of those on low incomes. A new press release from the LITRG has highlighted

National minimum wage and living wage factsheet is available

  • Posted On: 20 April 2016
National minimum wage and living wage factsheet is available The factsheet entitled National Minimum Wage information for employers has been updated to reflect the introduction of the new National Living Wage (NLW) on 1 April 2016. The factsheet provides employers with information on the type of checks HMRC