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Posted on: 08 March 2010
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The debate in the House of Commons about the Pension Act last week included a specific look at how the temporary work market would be affected by auto-enrolment.
Nigel Waterson, the shadow pensions minister, told the House of Commons that it did not make sense to enroll a worker in a pensio...Read more |
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Posted on: 05 March 2010
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The Federation of Small Businesses (FSB) has found that 48 per cent of business sectors have seen the level of flat rate VAT they pay rise.
The group is urging the government to review the issue as part of the Budget submission being made to the chancellor.
Small businesses with a ...Read more |
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Posted on: 04 March 2010
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Many women are financially at risk in retirement because of a failure to plan, according to research by Standard Life.
Half of married men purchase only a single life annuity and risk leaving their wives without a private pension income if the husband dies first.
Despite retired w...Read more |
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Posted on: 03 March 2010
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Over half (57 per cent) of employees do not expect an increase in salary this year, according to a survey by uSwitch.
This is up from 39 per cent two years ago, the Telegraph reports. The UK average for salary increases this year is £27 (1.9 per cent) a month.
Even those who d...Read more |
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Posted on: 02 March 2010
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Complicated tax rules are partly to blame for small businesses failing to grow, according to research by the Institute of Credit Management and Federation of Small Businesses (FSB).
The research shows that three-quarters of small businesses believed they would grow if the tax regime was sim...Read more |
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Posted on: 01 March 2010
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The Federation of Small Businesses (FSB) is calling on firms to sign a petition against a rise in national insurance.
The FSB, along with other business and employment organisations, is urging businesses to help it convince the government not to put into place its planned one per cent rise ...Read more |
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Posted on: 26 February 2010
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A new parliamentary report has suggested that around £250 million in tax has been overpaid by senior citizens because of differences between HM Revenue & Customs' (HMRC) records and those of employers and pension providers.
Around 1.5 million pensioners have overpaid tax, according...Read more |
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Posted on: 25 February 2010
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Pensioners are being reminded to act now to make sure they get the best out of the new changes to pensions which come into place on April 6th.
The changes will see the national minimum pension age go up from 50 to 55 and the Daily Mail reports that few people are aware of the development.<...Read more |
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Posted on: 24 February 2010
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An online forum for HM Revenue & Customs (HMRC) and tax advisers has been set up for those who do not attend local Working Together groups.
The Working Together initiative is designed to facilitate discussion and information sharing with the aim of helping agents and their clients.
...Read more |
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Posted on: 22 February 2010
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Small business owners are being advised to prepare for the compulsory online filing of end of year returns.
The change from paper to online filing of end of year returns will come into place for most employers with 50 or fewer employees from April 5th, reports TaxationWeb.
It can ...Read more |
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Posted on: 17 February 2010
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Small businesses will be able to help the UK economy by employing more staff - but they need more support from the government to be able to do this.
This is the view of the Federation of Small Businesses (FSB), which backed the British Chambers of Commerce (BCC) by calling on policymakers t...Read more |
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Posted on: 16 February 2010
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The government will do more harm than good by imposing a hike on National Insurance contributions (NICs).
This is the view of Michael Baxter, editor of Investment and Business News magazine, who said that by raising NICs Whitehall officials are effectively imposing a "tax on jobs"...Read more |
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Posted on: 15 February 2010
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Small and medium-sized enterprises are set to see an increase in VAT under new proposals put forwards by the British Chambers of Commerce (BCC).
As part of its monthly budget survey, the BCC discovered that only six per cent of companies are in support of the government's planned increase i...Read more |
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Posted on: 15 February 2010
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The manner in which HM Revenue & Customs (HMRC) deals with contractors and small businesses has been called into question following a series of pictures posted on Facebook.
Staff of the tax body took photos of themselves wearing cardboard boxes on their heads decorated with cartoon face...Read more |
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Posted on: 11 February 2010
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Contractors looking to move abroad have been advised that doing so may not mean they escape the UK tax system.
Many Britons mulling over a move the continent believe that doing so will mean they fall outside the UK's tax net, claimed Telegraph correspondent Paul Farrow.
But the jou...Read more |
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Posted on: 10 February 2010
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The Labour Party's new 50p tax rate which will affect high-earning contractors has been criticised by David Cameron.
Although the Conservative Party leader admitted he is not in a position to make an early pledge to remove the new rate, he told the Express that charging the UK's highest ear...Read more |
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Posted on: 09 February 2010
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Contractors could find themselves exempt from IR35 and other legislation if proposals from Professional Passport (PP) are accepted.
The independent professional membership organisation has said that people in the sector should be given the opportunity to declare themselves as professional c...Read more |
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Posted on: 08 February 2010
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Contractors are likely to welcome a move by the Conservative Party to reform the tax system for self-employed workers, including the controversial issue of IR35.
The tax was brought in by then chancellor of the exchequer Gordon Brown in 1999 as a means of blocking what was seen as a £9...Read more |
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Posted on: 05 February 2010
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Contractors in the construction industry are set to be hit by the increase in employers' National Insurance (NI) contributions.
NI payments from companies, permanent workers and the self-employed will rise by 0.5 per cent in 2011, Alistair Darling revealed in the Pre-Budget Report.
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Posted on: 05 February 2010
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High-earning contractors have been told that the government's 50 per cent tax rate is likely to be largely ineffective.
Chancellor Alistair Darling revealed the new rate for those earning more than £150,000 per year in his Pre-Budget Report.
But John Whiting, tax policy direct...Read more |
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