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March 2011
The Budget 2011
Chancellor of the Exchequer George Osborne billed his second Budget as a “Budget for growth”, telling MPs that it was an “urgent call to action for Britain”. His main ambitions, he said, were to ease the economic burden on families and businesses while promoting Britain as the best place to do business in Europe.
Reminder on Tax Code Notice Change
Taxpayers are reminded that copies of the notices informing them of their tax code for the year 2011-2012, sent out during January, February and March, will no longer go to their tax agent or advisor.
Record Numbers File Online
Record numbers of people completed their self assessment tax returns online this year, HM Revenue & Customs (HMRC) has revealed.
Childcare Support Changes
Businesses are reminded that the rules on employer-supported childcare will change for higher and additional rate taxpayers from 6 April 2011.
Time Running out on Retirement at 65
Employers are reminded that they only have a limited time remaining to set in motion procedures to retire staff at the age of 65.
Time to Pay Rejection Rate Rises
The percentage of Time to Pay requests refused by HM Revenue & Customs (HMRC) in 2010 was more than double the rate in 2009, according to new statistics.
Right to Request Flexible Working Extended
Workers’ right to request flexible working is to be extended under a change to be introduced from 6 April, businesses are reminded.
Whitehall Rapped on Quality of Case for New Business Regulations
An independent watchdog that reviews government proposals for new regulations affecting businesses says a “worryingly high proportion” fail to make a strong enough case.
Time Running Out on State Pension Top-Up Offer
Around 70,000 people, mainly women, have until 5 April to boost their basic state pension and get backdated payments.
‘Game Up’ Warning on Offshore Non-Compliance
New penalties of up to 200 per cent could be imposed on anyone hiding money offshore, HM Revenue & Customs (HMRC) has warned.
Deliberate Defaulters Told ‘Taxman will be Watching You’
Tax cheats have been warned they face up to five years of detailed scrutiny by HM Revenue & Customs (HMRC).
Company Car Changes Go Electronic
An important change to the way employers notify HM Revenue & Customs (HMRC) about replacement company cars will take effect from April 2011.
SMEs Urged to Keep Business Records in Shape
HM Revenue & Customs (HMRC) has launched new tools to help small businesses, sole traders and the self-employed keep their records in shape.
