HMRC amend PAYE penalties guidance
At the start of the tax year new late payment penalties were introduced for PAYE and other payments due from employers.
At the start of the tax year new late payment penalties were introduced for PAYE and other payments due from employers.
It is proposed to increase the standard rate of VAT from 17.5% to 20% with effect for any supply made on or after 4 January 2011.
A new rate of Capital Gains Tax (CGT) of 28% will be introduced.
HMRC are warning that taxpayers are being emailed stating that they are entitled to a tax rebate.
The forms P11D, and where appropriate P9D, which report employees’ and directors’ benefits and expenses for the year ended 5 April 2010, are due for submission to HMRC by 6 July 2010.
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Keeping on top of the latest government announcements, regulation changes and budget reports is vital for businesses to keep ahead. Your business will be the first to take advantage of the latest news.