News

Anti-money laundering reforms announced
26/04/2016 - More...
The Prime Minister will be hosting the Anti-Corruption Summit on 12 May 2016 to help expose, punish and drive out corruption. The summit will be the first of its kind bringing together world leaders to prepare a global response to tackle corruption. Ahead of the summit the Home Secretary, Theresa May has set out a new action plan which

Renewing tax credit claims
26/04/2016 - More...
Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2016. Claimants who do not renew on-time may have their payments stopped. HMRC has begun sending tax credits renewal packs to approximately 5.9 million tax credit claimants. The packs are being sent between April and June.

Consultation on secondary annuities market
26/04/2016 - More...
Late last year, the government confirmed that a new secondary annuity market would be created by April 2017. The introduction of these new freedoms to sell annuities will benefit more than five million people who own an annuity as well as anyone who purchases an annuity in the future. These proposals will extend the pension freedoms

Employer deadline for providing P60s
26/04/2016 - More...
Now that the 2015-16 tax year has ended, employers should have completed their final PAYE submission for the tax year. It is important that employers remember to provide relevant employees with a copy of their P60 form by 31 May 2016. The P60 is a statement issued to employees after the end of each tax year that shows the amount of tax

Introduction of the Union Customs Code from 1 May 2016
26/04/2016 - More...
A new customs information paper has been released on the subject of the introduction of the Union Customs Code (UCC) legislation and how it affects Temporary Storage (TS). The UCC is being introduced across the European Union on 1 May 2016. The UCC is part of the modernisation of customs and will serve as the new framework Regulation on

Employment intermediaries reporting deadline approaching
26/04/2016 - More...
New rules introduced in April 2015 require employment intermediaries, which supply two or more workers to a client, to send HMRC details of workers where they don’t operate PAYE on the workers’ payments. HMRC have introduced these new rules to help combat issues of false self-employment and the abuse of offshore working by some

Employers not to cut staff benefits to fund National Living Wage
25/04/2016 - More...
The new National Living Wage (NLW) came into force on 1 April 2016 and it entitles workers aged 25 and over to a minimum wage of £7.20 per hour. However, it would appear that a number of businesses have withdrawn staff benefits and perks, such as free food and higher overtime pay, to mitigate the impact of the NLW. For example, Waitrose

Credit Card Sales disclosure campaign continues
19/04/2016 - More...
The Credit Card Sales campaign offers individuals and businesses that accept credit and debit card payments the opportunity to bring their affairs up to date and take advantage of the best possible terms. Any individual or company that accepts credit and debit card payments should be registered with HMRC. There is currently no end date

Changes to tax credit overpayment recovery rules
19/04/2016 - More...
The Low Income Tax Reform Group (LITRG) was established in 1998 to improve the policy and processes of the tax, tax credits and associated welfare systems for the benefit of those on low incomes. A new press release from the LITRG has highlighted the fact that tax credit claimants earning over £20,000 may see sharp cuts in their payments

National minimum wage and living wage factsheet is available
19/04/2016 - More...
The factsheet entitled National Minimum Wage information for employers has been updated to reflect the introduction of the new National Living Wage (NLW) on 1 April 2016. The factsheet provides employers with information on the type of checks HMRC make to ensure that employees are being paid at least the minimum legal amount they are

Tax codes to use from 6 April 2016
19/04/2016 - More...
The P9X form is used to notify employers of what tax codes to use for employees. The form has been updated with tax codes to use from 6 April 2016. The basic personal allowance for the tax year starting 6 April 2016 is £11,000 and the tax code for emergency use is 1100L. As a result of the increase in the basic personal allowance, there

Non-Resident Landlords Scheme
19/04/2016 - More...
The Non-Resident Landlord (NRL) Scheme is a special scheme for the UK rental income of landlords whose usual place of abode is outside the UK. As a general rule tax must be deducted from the rent payable to a non-resident landlord either by the letting agent or where there is no letting agent by the tenants (unless the rent is minimal)

Personal bankruptcy applications
12/04/2016 - More...
A new service that allows bankruptcy applications to be made online was launched earlier this month. The new service gives people seeking to make themselves bankrupt the ability to complete an online application via GOV.UK. This saves the need to make a personal bankruptcy application to court (known as a ‘debtor petition’) saving the

Claiming the marriage allowance
12/04/2016 - More...
The marriage allowance came into force on 6 April 2015 and allows lower earning married individuals to share part of their personal tax-free allowance. The marriage allowance is available to married couples and those in a civil partnership where a spouse or civil partner doesn’t pay tax or doesn’t pay tax above the basic rate threshold

New Office of Financial Sanctions Implementation has been established
12/04/2016 - More...
A new body known as the Office of Financial Sanctions Implementation (OFSI) has been established within the Treasury. The OFSI has been created to support UK businesses in complying with financial sanctions. The OFSI’s stated aims are to: increase awareness of and compliance with financial sanctions; ensure that sanctions breaches

Higher rates of SDLT on certain residential property purchases
12/04/2016 - More...
Higher rates of Stamp Duty Land Tax (SDLT) were introduced on 1 April 2016 and apply to purchases of additional residential property such as buy to let and second homes. The new higher rate is 3% higher than the regular SDLT rates and applies to the purchase of additional residential properties valued at over £40,000. The higher rates

Adding new employees to your payroll
12/04/2016 - More...
Employers that take on a new employee need to work out which tax code and starter declaration to use in their payroll software. Incorrect tax codes can lead to the new employee paying more tax than is due. The necessary information can be collected by asking the new employee to complete HMRC's new starter checklist and / or from the

Annual Tax on Enveloped Dwellings (ATED) deadline
12/04/2016 - More...
The Annual Tax on Enveloped Dwellings (ATED) came into effect from 1 April 2013. The tax is payable by certain Non-Natural Persons (NNPs) that own interests in residential dwellings valued at more than £500,000 (£1 million prior to 1 April 2016). These provisions affect certain companies, partnerships with company members and managers of

Second incomes campaign
05/04/2016 - More...
The second incomes campaign offers individuals the opportunity to inform HMRC that they have undeclared income from a supplementary income stream. The campaign targets individuals in employment who have an additional untaxed source of income. The HMRC guidance lists the following possible examples: fees from consultancy or other

£2 billion raised from accelerated payments
05/04/2016 - More...
HMRC has recently published a press release to confirm that since the APN regime was launched over £2 billion of tax payments from users of tax avoidance schemes has been collected. By the end of 2016, HMRC expects to have completed issuing notices, bringing forward over £5 billion in payments for the Exchequer by March 2020. Jennie

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Registered Name: Berkeley Bate Ltd Registered Company no: 7581153 Registered in the UK 
Registered Address: – Chequers Court, 33 Brown Street, Salisbury, Wiltshire, SP1 2AS 
VAT Registration No: 109 8958 67 16