Posts By: ilyas Patel

The rules for reporting wages, hours worked and payroll deductions  under real time information (RTI) are still being written. What to report RTI reports will need to be made where at least one employee is paid  above the lower earnings limit (LEL), (£109 per week for  2013/14). For wages between the LEL and the Primary… Read more »

The annual investment allowance (AIA) gives a 100% deduction for tax  purposes for the cost of plant, equipment and certain fixtures in  buildings, which qualify for capital allowances. The AIA has an annual  cap. This started at £50,000 in 2008, was increased to  £100,000 by the previous government, and was cut to  £25,000 in April… Read more »

HMRC have been slammed by the National Audit Office (NAO) for shoddy customer service that cost callers – one in four of whom couldn’t even get through – £136m in 2011–12. The NAO’s damning report found that taxpayers shelled out £33m in call charges, many clocking up huge bills on costly premium rate numbers even… Read more »

1 – Due date for payment of Corporation Tax for the  year ended 31 March 2012  14 – Return and payment of CT61 tax due for quarter  to 31 December 2012  19/22 – PAYE/NIC and CIS deductions due for month to  5/1/2013 or quarter 3 of 2012/13 for small employers  31 – Deadline for filing… Read more »

New rules that will lift the administration burden for charities claiming gift aid on the proceeds of donors’ goods sold by charity shops have been announced by HMRC. The new rules allow donors to make a one-off gift aid declaration that covers donations of up to £100, or £1,000 of future sale proceeds, in a… Read more »

H M Revenue & Customs are urging employers to get ready for the PAYE changes that are coming into effect in three months time. From April 2013 employers will be required to send PAYE returns electronically, using the new RTI payroll software to HMRC each time they pay their employees as part of the routine… Read more »