All individuals appearing in our photography are members of the Rouse team.
Changes to UK accounting requirements Consultations have been taking place over the last year or so which could mean significant changes in financial reporting for companies that do not qualify as ‘small’, under current legislation. These changes are not due … More
HMRC’s call waiting times nearly trebled Taxpayers have to wait almost three times longer to contact HM Revenue & Customs than they did two years ago, it has been revealed. On average it takes just over four minutes to get … More
VAT on hot food HMRC are consulting on changing the rules on hot takeaway food to ensure that all food (with the exception of freshly baked bread) that is above ambient air temperature when provided to the customer, is standard … More
P11D deadline looming The forms P11D, and where appropriate P9D, which report employees and directors benefits and expenses for the year ended 5 April 2012, are due for submission to HMRC by 6 July 2012. The process of gathering the … More
Rising employment shows businesses confidence According to the latest statistics issued by the Office of National Statistics: ‘The unemployment rate was 8.3% of the economically active population, down 0.1 on the quarter. There were 2.65 million unemployed people, down 35,000 … More
Cap on unlimited income tax reliefs Currently individuals can offset their entire income against income tax reliefs, and as a result pay no income tax at all. However, in The Budget 2012 it was announced that from 6 April 2013 … More
Daily penalties for late tax returns filed after 01 May HMRC is again urging anyone who has still not done their 2010/11 tax return to send it online before the end of April, or be charged daily penalties from 1 … More
National Minimum Wage rates The government has accepted the Low Pay Commission’s recommendations for National Minimum Wage rates from 1 October 2012. From 1 October 2012: the adult minimum wage rate will increase from £6.08 to £6.19 an hour the … More
HMRC issues updated guidance on Gift Aid declarations HMRC have updated their guidance on Gift Aid declarations and have developed a new checklist of the minimum information to be included in a declaration if a charity decides to create and … More
Pension Tax Relief A number of employees may not be getting their higher rate tax relief on their pension payments. To help you to determine whether your contributions are correct, we have highlighted below the two types of pension scheme … More