This section contains the latest updates relating to Tax Law.
Tax News
To amend the mistake by the Government regarding the 10p tax band, Alistair Darling
announced a third change to payroll systems planned for the 7th of September. This
change is in addition to the usual two changes employers usually have to make each
year in April and May. This will affect over a million small businesses which need
to prepare for the change at a time when many payroll staff are on holiday.
Mentor Tax can advise you on any issue relating to Tax, VAT, PAYE and much more
– call the Mentor Tax Advice Service on 0870 600 0829 if you have any concerns.
More Information
From Monday the 14th of July HMRC are issuing penalty notices to employers where
their records show that they have not received a P11D (b) form for the 2006-07 tax
year which should have been with HMRC by the 6th of July 2007. If you receive a
penalty notice that you believe has been issued in error, you can appeal by writing
within 30 days to the office named on the notice. Stay on the right side of
the law and out of court with expert advice from Mentor Tax. Call us on 0870 600
829 if you are in any doubt about your responsibilities.
More Information
HM Revenue & Customs (HMRC) has extended its new system of penalties for errors
in tax returns to include claims for VAT refunds. Whilst most people do get
their returns correct, HMRC sees the new system as a means to encourage those that
don't to be more careful and stop them from gaining an unfair advantage.
Mentor Tax can advise you on any issue relating to Tax, VAT, PAYE and much more
- call the Tax Advice Service if you have any concerns.
More Information
The Department for Work and Pensions (DWP) is currently running a pilot to assess
the use of electronically generated medical statements as an alternative to written
ones. Mentor will monitor the scheme's development and advise you of any
action your business needs to take if the system is adopted nationwide.
More Information
HM Revenue & Customs has published a revised list of professional bodies and
learned societies whose fees and subscriptions are tax allowable. Mentor
can help with any queries you have relating to taxable benefits - just pick up the
phone if you are in any doubt.
More Information
A recent case involving the fraudulent reclaiming of VAT on a scam jet engine deal
shows the investigatory powers of HM Revenue & Customs (HMRC). A suspect
claim led to an extensive investigation, including a forensic examination of the
suspect's office and laptop, and, ultimately, a five year jail sentence.
Stay on the right side of the law and out of court with expert advice from Mentor
Tax.
More Information
Click here for older news items.
