Are you ready for RTI yet? Phasing in from April 2013, Real Time Information (RTI) will mean submitting payroll returns to HMRC each time employees are paid, instead of just once a year as is currently required. The aim is to increase up-to-date and accurate information and to avoid errors. If you are not already using a payroll provider such as ePayMe this is what you will need to do to get ready to operate in PAYE in real time. Between April 2013 and October 2013, almost all employers … [Read more...]
ePayMe’s very own snow angel
Due to adverse weather conditions our staff will be leaving early today but rest assured that we will still be available by email. Please email us at admin@epayme.co.uk. Thank you. … [Read more...]
Revenue letters to reach tax avoiders by January 31st
Individuals, companies and partnerships that have used tax avoidance schemes will this month receive letters from HM Revenue & Customs inviting them to settle up without having to face a tribunal or the courts. Unveiling the amnesty, HMRC said all eligible participants – those in specific partnerships, companies and sole trader arrangements suspected of avoiding tax – will be written to no later than January 31st 2013. Under its terms, participants should be able to settle with the taxman … [Read more...]
Are you open to bribery?
Only half of British businesses have heard of the Bribery Act, warns Ernst & Young The FIDS (Fraud, Investigations and Disputes Services) team at Ernst & Young has today released new research revealing that only half of British firms have heard of the UK Bribery Act (56%), despite the fact that the legislation was enacted more than a year ago. The research also revealed that larger firms (those with a turnover of more than £50 million) are ahead in terms of their awareness of the … [Read more...]
Government unveils new clause to strengthen IR35
The government unveiled the first change to IR35 since it took effect over a decade ago in the shape of a single clause designed to strengthen the legislation - by extending it to limited company contractors who are ‘office holders’ of their clients. Without the clause, the Treasury said a worker using a personal service company who, if engaged directly, would be considered as an office holder of the end-user if it weren’t for the intermediary (-the PSC), would fall outside IR35. As a result, … [Read more...]
Tax avoidance schemes ‘costs UK billions in lost revenue’
HMRC says it has been successful in the majority of cases where it has taken legal action The inability of HM Revenue and Customs (HMRC) to properly curb aggressive tax avoidance schemes is costing the UK billions of pounds, a report suggests. The National Audit Office said HMRC was dealing with a backlog of 41,000 cases involving individuals and small companies, with up to £10.2bn at stake. The spending watchdog said tackling avoidance, which is not illegal, was difficult but HMRC must do … [Read more...]
Lawspeed Seminar Highlights Debt Transfer Risks to Agencies
Recruitment agencies were warned of the risks in dealing with TAX avoidance schemes operated by some payroll companies at a hard-hitting London-based seminar on the 14th November 2012. It was highlighted that HMRC are increasingly examining the details of these arrangements in an attempt to recover unpaid National Insurance Contributions & TAX from the Agency, End Client or Contractor. Theresa Mimnagh, an Associate Director at Lawspeed, discussed the potential for debt to be transferred to … [Read more...]
Countdown to Movember…..
Have you joined a team yet? It's not too late......... http://uk.movember.com/team/598545 … [Read more...]
ePayMe Online Help is Offline
Due to Hurricaine Sandy our Online help service is temporarily unavailable as the service is hosted via a New York data centre. If you need to speak with us please call on 0800 622 6119 or from a mobile 01252 863700 or email us info@epayme.co.uk Our thoughts are with all the residents of New York and surrounding areas. … [Read more...]
ePayMe Is Back Online
Our Online chat facility is now working again. … [Read more...]