Business News

Report calls for employee benefits shake-up

3 Sep 2013

The complex system for reporting and taxing employee benefits and expenses is ripe for a complete overhaul, the Office of Tax Simplification (OTS) has concluded. Publishing an interim report on 8 August, the OTS said it now planned to focus on

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Workers say ‘We’re in’ to auto-enrolment

3 Sep 2013

Over 90 per cent of people placed in a workplace pension under the auto-enrolment initiative are staying in, according to new research. The Department for Work and Pensions (DWP) revealed the figure on 8 August, as part of research carried

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Higher earning parents get tax reminder

3 Sep 2013

Higher earning parents who have been claiming child benefit since January this year have until 5 October to register for tax self assessment to avoid any High Income Child Benefit Charge penalties.  McPhersons strongly advise that you speak to our tax

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Survey seeks views on RTI

3 Sep 2013

Tax experts are urging as many employers as possible to take part in an online survey around Real Time Information (RTI) payroll reporting. HM Revenue & Customs (HMRC) has launched the survey to gather the experiences of employers – along

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New NMW rates on the way

3 Sep 2013

Employers are reminded that new National Minimum Wage (NMW) rates will take effect from 1 October 2013. From that date, the rate for employees aged 21 and over will rise by 12p an hour to £6.31 and by 5p to

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