Following the decision of an Employment Appeal Tribunal (Peninsula Business services v Donaldson) regarding Childcare Vouchers (CCVs), salary sacrifice and maternity leave, HMRC are considering what guidance is needed. In the interim they have confirmed:
The Charity Commission for England and Wales, together with members of the Charity Sector Counter Fraud Group, have launched a new website to help charities tackle fraud. The website is designed to provide guidance for trustees, staff and volunteers who want more information on tackling fraud in their charity, and includes guidance, tips and case studies, together with links to other organisations tackling charity fraud.
This is a summary
HMRC have updated their guidance to taxpayers on how to spot phishing scam emails.
Phishing is the fraudulent act of emailing a person in order to obtain their personal/financial information such as passwords and credit card or bank account details. These emails often include a link to a bogus website designed to encourage the unwary to enter their personal details.
The Office for National Statistics has announced that the UK tax gap fell in 2014/15 to its lowest ever level of 6.5%.
The press release confirms that the UK tax gap, the difference between the amount of tax due and the amount collected, is one of the lowest in the world.
HMRC have reduced the tax gap from 8.3% in 2005/06. If the tax gap had remained at the 2005 to 2006 level of 8.3%, it would have grown to £47 billion and the country would have been £11 billion a year poorer.
HMRC have confirmed that a late filing penalty will generally not be charged for delays of up to three days after the statutory filing date, but that they may contact employers who persistently file after the statutory filing date but within three days, and they risk being considered for a penalty.
The Bulletin includes advice on how to appeal against a penalty online and states:
In this month’s eNews we report on recent developments including plans for the Autumn Statement, new National Minimum Wage rates, more detail on the Lifetime ISA and Tax Free Childcare. We also consider whether VAT is recoverable on a car following a recent Tribunal decision as well as updated Gift Aid guidance for charities.
Please do get in touch if you would like any further guidance on any of the areas covered.
In this month’s eNews we report on recent developments including HMRC consultations on Making Tax Digital and new sanctions for tax avoidance as well as guidance on the implications of new UK GAAP.
We also report on HMRC’s advice on spotting scams, how to complain online and industry concerns about the introduction of the new Lifetime ISA.
We also include guidance for employers and employees including the new advisory fuel rates and the latest Employer Bulletin.
In this month’s eNews we report on forthcoming restrictions in interest relief on residential property, TPR statistics and HMRC’s latest ‘tax cheat’ targets. We also report on the latest labour market statistics, revised student loan deduction guidance for employers, ACAS guidance on working in hot temperatures, should we have any more, and the latest Charity annual return.
In this month’s eNews we report on CIS monthly returns, Personal Tax Accounts, calculation of holiday entitlements and the latest labour market statistics. A recent report also considers whether banks and charities should take greater responsibility for those who may be vulnerable to scams.
Please do get in touch if you would like any further guidance on any of the areas covered.