News for September
Arctic Systems – HMRC Gives Guidance
Following the decision in the Arctic Systems case HMRC have provided guidance on how tax returns are to be dealt with following the House of Lords’ decision.
Test Case Issue to Resolve Bank Charges Debate
The Office of Fair Trading (OFT) is taking a case to the High Court to decide whether or not the level of unauthorised overdraft charges made by banks are legal.
HMRC Apologise for Payment Delay
HMRC have apologised to small employers, those with less than 50 employees, awaiting their £150 tax-free incentive payment in respect of the 2006/07 tax year.
VAT Fuel Scale Charges
The VAT fuel scale charge is the output VAT charge payable by VAT registered businesses which allow their employees to claim all the fuel expenses on their company cars and reclaim VAT on the full amount of fuel purchased without making an adjustment for private use.
HSE Launch Risk Assessments Factsheets
The Health and Safety Executive (HSE) has produced a range of risk assessment factsheets for different business sectors.
Tax Help for Those Affected by Floods
The Chancellor of the Exchequer, Alistair Darling, has announced that HMRC will introduce a series of measures to help individuals and businesses affected by the recent severe flooding.
Help for those Affected by Foot and Mouth
HMRC have announced that they appreciate some individuals and businesses will find it difficult to meet their tax obligations due to the recent foot and mouth outbreak.
VAT Change for Invoices
HMRC have issued guidance on changes to the rules regarding the information to be shown on invoices issued from 1 October 2007. Some of the changes are very minor and reflect current normal business practice. However some businesses will need to amend their current invoices to comply with the guidance.
