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Une bonne idée? The Association of Taxation Technicians (ATT) is proposing that the UK adopts the same method as the French in order to cope with VAT on prompt payment discounts, so removing the need to issue separate credit notes.
Following the successful of the "No" campaign, Scotland remains part of the United Kingdom. The government has already promised new devolved powers to enhance the Scottish Parliament and significantly these include extensive powers over taxation. Will Scotland now become a tax haven?
Great news for small employers (up to 49 employees): you will not be charged late filing penalties under PAYE Real Time Information (RTI) reporting until 5 March 2015. This change follows a recent relaxation for micro employers (1 to 9) employees which delays penalties for them until 5 April 2016.
Real Time Information (RTI): HMRC further extends the micro employers filing exemption until 2016.
This time we have a "back to school" special: a gentle reminder of what's new in the 2014 Finance Bill and what topics are currently under consultation, and at last a bit of good news on RTI. I have to say "thank you" to HMRC for listening to our concerns about RTI. Great news that micro businesses need only report RTI monthly until 2016. This means that they can ignore the "on or before payment rule" until then.
The Government's proposal for Direct Recovery of [tax] Debts will allow HMRC a free hand to dip into taxpayer's bank accounts has met with united opposition from all of the tax and accountancy bodies. Simply put, HMRC makes too many mistakes to be trusted, and any power which allows the Government to circumvent the normal legal process of an open court hearing is not something that that a civilised Western society expects. Please sign the petition to stop this measure.