On 1 November 2012, HMRC started a ‘new approach to Business Records Checks’ (BRCs). The target audience of these checks are small and medium sized businesses. What are Business Records Checks? In the context of income tax, a BRC is a check by HMRC that the records of a business are adequate to allow a… Continue reading Business Records Checks by HMRC
Month: December 2012
Payroll – In Real Time
From 6th April 2013 there will be significant changes in the way that payroll information is submitted to HMRC under Real Time Information (RTI). Please click here to read our briefing which provides an overview of these changes. The new procedures will not only impact on how the information has to be submitted but also the timing… Continue reading Payroll – In Real Time
2012 Autumn Statement
On Wednesday 5 December the Office for Budget Responsibility (OBR) published its updated forecast for the UK economy. Chancellor George Osborne responded to that forecast in a statement to the House of Commons later on that day. In the period since the Budget in March a number of consultation papers and discussion documents have been… Continue reading 2012 Autumn Statement
This is no fairy tale – A Guide to the Child Benefit Change
The ‘high income’ Child Benefit charge is set to come into effect from 7th January 2013 and the Government estimate that it will impact on 1.2 million families. You may have received a letter from HMRC regarding this. To help you to decide if this affects you, please http://www.torrwaterfield.co.uk/briefings/briefing-child-benefit to read our briefing which provides a… Continue reading This is no fairy tale – A Guide to the Child Benefit Change
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