The government has confirmed that 60% of business rates will fall next year as a result of revaluation and that it will not collect a penny more of extra revenue as a result of the 2010 revaluation, which is carried out every five years. However, rates bills for some businesses will rise significantly.
The government has announced its intention to introduce Additional Paternity Leave and Pay for fathers of children due on or after 3 April 2011.
The adult rate of the National Minimum Wage (NMW) increases to £5.80 (£5.73) an hour from 1 October 2009. This is payable to those age 22 and over.
From 1 August 2009 the minimum wage for apprentices increased from £80 to £95 per week.
HMRC have written to half a million companies and their tax agents, to advise them of important changes to Corporation Tax (CT) return filing.
HMRC are advising businesses that new rules on how VAT returns are submitted and payments are made will come into force next year.
HMRC have announced details of the Liechtenstein Disclosure Facility (LDF) which has been introduced to support the reviews to be carried out by the Financial Intermediaries in Liechtenstein to identify those who may have liability to UK tax.
The government has announced new measures which should enable resident workers to have every opportunity to fill vacancies before they are offered to workers abroad.
HMRC have updated their guidance on scam emails as they are aware that a large number of individuals are receiving emails offering tax rebates.
Clients at Beaumont Seymour can relax in the knowledge that we are always anticipating and reacting to change.
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.