Firms news

Employer annual return deadline on the horizon

03 May 12

HMRC has issued a written reminder to UK businesses to submit their 2011/12 annual returns to HMRC by the 19 May.

Reduction in annual investment allowance

17 Apr 12

The annual investment allowance (AIA), which allows businesses to claim full tax relief on most plant and machinery expenditure, has now been reduced from £100,000 to £25,000.

Pension auto enrolment details confirmed

29 Mar 12

The Government has confirmed details regarding automatic pension enrolment thresholds, which are to be aligned with tax and national insurance contributions, and automatic enrolment dates.

National minimum wage to increase

20 Mar 12

The Government has confirmed that the national minimum wage (NMW) will increase after accepting recommendations from the independent Low Pay Commission's (LPC) report.

Changes to reimbursing additional household expenses

27 Feb 12

HMRC has announced it will increase the guideline rate which employers can use to reimburse employees for additional household expenses.