Business News

HMRC targets second incomes

1 May 2014

Employees who have undeclared income from self-employment are being urged to notify HM Revenue & Customs (HMRC). HMRC published guidance on its Second Incomes Campaign 9 April aimed at employees who have additional income from working for themselves, for example

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New tax statements on the way

1 May 2014

Around 24 million people are to receive a personal tax statement from HM Revenue & Customs (HMRC), setting out how much tax they paid in 2013-14 and how it contributed to public expenditure. The new initiative will take effect from

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Reform business rates, say MPs

2 Apr 2014

The current system of business rates is not fit for purpose and needs to be fundamentally reformed, says an influential committee of MPs. In a report issued on 4 March, the Business, Innovation and Skills Committee called for a wholesale

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Thousands respond to ‘zero hours’ consultation

2 Apr 2014

More than 30,000 responses have flooded in to a government consultation on zero hours contracts. The 12-week consultation, launched last December, focused on the two key issues of exclusivity in employment contracts and lack of transparency for employees. The government

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‘Don’t stick head in sand on RTI’, says tax chief

2 Apr 2014

More than 70,000 employers have been warned that they face penalties unless they submit employees’ Pay As You Earn (PAYE) information in real time. You can contact mcphersons to assist with this or read our article here. Employers who have

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