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 review, going beyond the administration of business rates, to examine whether retail taxes should be … Continue reading
Major current account providers have signed up to an agreement that will give customers their account data in a simple, standardised format that can be used in comparison sites for the first time. The agreement, brokered by HM Treasury and the Department for Business, Innovation and Skills, should enable consumers to carry out quick and … Continue reading
The Pensions Regulator has urged small and medium-sized employers to find out when their new workplace pension duties begin, following research showing that many have yet to check when auto-enrolment will affect them. Thousands of medium-sized employers will reach their staging date – the date at which they must start automatic enrolment of eligible workers … Continue reading
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.
People with unpaid national insurance contributions (NICs) have been warned that private debt collectors could be used to recover the money they owe HM Revenue & Customs (HMRC). People paying tax through Pay As You Earn (PAYE) as an employee or who receive a taxable, UK-based private pension may have received a P2 annual coding … Continue reading
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. Employers who have never used the new Real Time Information (RTI) system to file PAYE returns were sent an email in March telling them to do so by the end of … Continue reading