...lotteries notice; APD briefing; creative relief; tax agents
HMRC have announced new fuel rates for company cars, which apply to all journeys on or after 1 March 2013 until further notice. For one month from the date of change, employers may use either the previous or new rates and therefore make or require supplementary payments, but they are under no obligation to do either. Petrol hybrid cars are treated as petrol cars for this purpose. The amounts can be used for VAT, but employers will need to retain receipts.
UK referred to EU court of justice
The average waiting time for taxpayers calling the Revenue in January was almost two-and-a-half minutes, according to the Exchequer secretary to the Treasury, David Gauke.
The MP told the Commons that two minutes and 23 seconds was the typical duration in which a caller had to hang on the line before speaking to an adviser, having selected an option from the interactive voice recognition (IVR) message menu. It did not include the time spent listening to the automated messages.
... pensions, phishing & Gov.UK
Tax evaders are being named by HMRC for the first time online. The Revenue has published a first batch of information about “deliberate defaulters” on its website, as officials make use of powers granted by Finance Act 2009, s 94 to warn taxpayers against neglecting their obligations.
Tax credits claimants are being reminded by HMRC that they must immediately and accurately report changes in their circumstances, whether they concern working hours, childcare costs, living arrangements or income.
The income increase disregard will fall from £10,000 to £5,000 in April. Although a change of less than £5,000 may not affect current year awards, provisional payments from 6 April the following year would not be based on up-to-date figures, which could cause an overpayment that will have to be repaid by the claimant.
Employers are facing costs of up to £30,000 to ensure their BACS software is fully compliant with real-time information (RTI) requirements for PAYE, according to a survey by information service Payroll Alliance and the Chartered Institute of Payroll Professionals.
The results show that 42% of respondents incurred fees to include the hash total in field seven of their BACs submission, which is required by HMRC to match a payment to RTI data. Of those paying for the upgrade, 39% spent between £1,000 to £4,999, while 8% paid £7,000 and £30,000.
New agreement includes three-year disclosure opportunity
...direct sellers; DOTAS; insurance tax; FCIM
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