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The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase to an overall minimum of 8%, with employers contributing at least 3% of this total amount. TPR is now starting to write to all employers to remind them of their duties. TRP website provides further information on the increases ...

The CCEW has issued an alert to charities following a National Fraud Intelligence Bureau alert highlighting the insider threat from fraudsters and cyber criminals. Research from the CCEW published earlier in the year found that in the vast majority of cases where fraud was committed in charities, the primary enabling factor was the lack of appropriate internal controls in place ...

HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC estimate that millions of employees, particularly those working in the service industry, could be entitled to a tax refund. Workers, including nurses, hairdressers, construction workers and those working in retail and food sectors, may be able to claim tax rebates. Indi ...

The government has decided not to pursue plans to develop a joint CCEW and HMRC portal for charity registrations. The rules at present require charities to register with the CCEW and then again with HMRC for Gift Aid and other purposes. The plan (announced back in 2013)was to streamline this process to reduce the burden on charities and improve information sharing. However,hav ...

Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which should help employers ensure that the benefits provided are exempt and do not result in a reportable employee benefit in kind. In order for the benefit to be exempt it must satisfy t ...

According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR). The relief introduced in November 2017 has saved eligible first-time buyers an estimated total amount of more than £426 million. Mel Stride MP, Financial Secretary to the Treasury, said: ‘These statistics show that the government was right to off ...

It is fair to say that 2018 has seen a lot of scrutiny of the charity sector with some very high profile names in the spotlight. It is therefore perhaps not surprising that the CCEW research into the public’s trust of charities came up with some interesting results. Confidence levels lowThe research found that public confidence in charities is currently 5.5 out of 10. This com ...

The Economic Affairs Committee has warned HMRC that small businesses 'could pay a heavy price' for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has 'failed to adequately support small businesses' ahead of the introduction of MTDfV. MTDfV is generally set to come into effect for the from 1 April 2019 for businesses which have a taxable turnover above the cu ...

HMRC has issued a Partnership Pack to help businesses carry out contingency planning and to help their customers, members and clients to: think about how they will need to adapt their business to comply with new systems, processes and controls assess the impact of the increased demand for customs declarations on their business consider whether they need to recruit and trai ...

With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. The deadline for submitting 2017/18 self assessment tax returns online is 31 January 2019. An automatic penalty of £100 applies if the return is late. HMRC advise that last year, more th ...