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Archive: March 2012

News for Insolvency Practitioners: HMRC now accepts Paymex exemption covers more cases

Yesterday, HM Revenue & Customs issued Revenue & Customs Brief 03/12: VAT Tribunal Decision in Paymex Limited v HMRC. The Paymex case broadly found that the services of an Insolvency Practitioner in dealing with an Individual Voluntary Arrangement...

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1 Mar 12
Lee Sharpe

A Budget for Entrepreneurs? It ain’t necessarily so.

So was this a Budget to gladden the hearts of North West entrepreneurs? Not if you have an elderly relative subject to the “granny tax” set to rake in 1 billion in 2015/16! But as a top rate taxpayer you may be comforted by the reduction to 4...

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23 Mar 12
Colin Tice

Guest blog: Asbestos in the Workplace

From Phil Kelly, Director, Petty Chartered Surveyors What is asbestos? Asbestos is a generic term for naturally occurring fibrous silicate materials. The three main types are white, brown and blue. For many years, asbestos was used in many buildin...

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14 Mar 12
Phil Kelly, Petty CS

Real Time Information (RTI) – what is it??

Real Time Information (RTI) is being introduced into the operation of PAYE by changing how and when employers (and pension providers) report information to HMRC. Essentially, employers will tell HMRC about tax, national insurance contributions (NI...

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31 Mar 12
Lee Sharpe