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Government News

Changes to UK accounting requirements

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

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

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

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

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 >>

National Minimum Wage rates

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 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 >>

The Queen’s Diamond Jubilee – Bank Holidays

The Queen’s Diamond Jubilee A reminder of the bank holiday changes After the excitement of last year’s Royal wedding, this year there will be further regal celebrations with the 60th anniversary of HM Queen Elizabeth II coming to the throne. It was announced … More >>

The Budget 2012 – Our free summary guide

Regional Growth Fund for SMEs

Regional Growth Fund for SMEs Are you taking advantage of the funding available for your projects and business purchases? The Regional Growth Fund (RGF) is a £2.4bn fund operating across England from 2011 to 2015. It supports projects and programmes … More >>