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Welcome to our March LiveWire Now that the dust has settled on Alistair Darling's first Budget thoughts turn to the new tax year. As you will have read in previous editions of LiveWire, there are a number of significant changes being introduced this year. Changes include the abolition of taper relief, the introduction of Entrepreneurs relief, an increase in the small companies rate of corporation tax and significant changes to the capital allowances regime. Details of all of these changes can be found on our website or alternatively please do not hesitate to contact us if you think you are affected. Kind regards Lesley Stalker |
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March 2008
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| New Filing Deadlines for Accounts |
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| The new Companies Act has shortened the filing deadline for filing limited company accounts and has also introduced a new penalty regine. Click here to find out more. | ||
| Unnecessary expenses ‘costing UK firms £1bn’ |
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| UK employers are paying out more than £1billion every year in unnecessary expenses, according to new research. Of this figure, it was revealed that firms reimbursed around £350m in fraudulent expense claims, whilst £671m was paid to those whose expenses were not covered by company policy. Click here find out more. | ||
| Policing illegal workers ‘not a job for small business owners’ Employers who negligently hire illegal workers may now be charged a £10,000 on the spot penalty, whilst businesses that knowingly take on illegal migrants could incur an unlimited fine and be sent to prison for two years. Click here find out more. |
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New service to enable same-day cash transfers
Consumers who make cash transfers over the phone or via the internet will soon benefit from a faster payment service, according to the industry body Apacs. Click here to find out more. |
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National Minimum Wage Increases
The National Minimum Wage will rise to £5.73 (£5.52) an hour in October 2008. Click here to find out more. |
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© Copyright 2008
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Robert James Partnership - Chartered Certified Accountants & Chartered Tax Advisers 2 A C Court, High Street, Thames Ditton, Surrey KT7 0SR Tel: + 44 (0870) 2255220 Fax: +44 (0870) 2255221 Web: www.rjp.co.uk |
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