In recent days, reports have emerged suggesting that The Pensions Regulator (TPR) and other watchdogs will be keeping a very close eye on small business that fail to keep up-to-speed with their auto-enrolment obligations. A report in Money Week suggests that TPR issued a shocking 35,862 enforcement notices in the first three months of 2018[…]
Around one million married couples and civil partners are still missing out on a £900 tax break, according to official figures. HM Revenue & Customs (HMRC) has urged married and civil partners to look into the Marriage Allowance before it’s too late to claim. The tax break is worth up to £238 per year per[…]
In recent days, the British Chambers of Commerce has called on the Government to delay the introduction of Making Tax Digital (MTD) until 2020/21, amid concerns that too many businesses are unprepared. Spearheaded by HM Revenue & Customs (HMRC), MTD is an ambitious plan to completely digitise Britain’s tax reporting system – and its due[…]
HM Revenue & Customs (HMRC) has reminded parents not to “stress” about the school holidays, as they can claim up £2,000 tax-free childcare to help pay for holidays clubs and activities.
Giving away surplus income as a gift to family members is often touted as an excellent way of planning for the future and as a way of reducing liabilities on a person’s estate. But how do the rules regarding gifts work in practice? Gifts provided from surplus income – i.e. income less usual expenditure to[…]
The Pensions Regulator (TPR) has announced that employers could have their businesses’ assets seized to pay their debts if they fail to pay workplace pension fines. TPR has powers to fine employers who do not comply with workplace pension rules. However, it has also confirmed that it is willing to secure court orders if the[…]