01 Aug 2011

HM Revenue and Customs (HMRC) has reminded taxpayers of changes to its bank account. As from 9 August 2011, businesses and individuals will no longer be able to use the old Bank of England account. Any payments directed to the Bank of England accounts after this date will be rejected automatically by the banking system, HMRC said. To ensure that that payments are made on time, it is e...

21 Jul 2011

HM Revenue and Customs (HMRC) has issued a reminder that anyone wishing to claim tax credits must do so by 31 July. Steve Lamey, director of benefits and credits at HMRC, sad: "Time is running out to renew. Claimants need to renew by 31 July or their payments will stop." HMRC has published a series of online videos to help claimants through the renewal process. The interactive, bite-s...

15 Jul 2011

Employers are being prompted to make sure that they file their 2010/11 forms P11D, P11D(b) and P9D by the 6 July cut-off date. Employers who miss the deadline may receive a penalty. Businesses that have already advised HM Revenue & Customs (HMRC) that they don't need to file an Employer Annual Return for 2010-11, but have ticked the 'P11D(b) to follow' box, should send it now. HMR...

28 Jun 2011

We would like to advise you of a couple of changes that have been made to the Barrons Partnership structure with effect from 30th April 2011. Firstly, following a planned period of semi-retirement, Lyn Watson has now fully retired and has ceased to be a Partner of the Practice.  Lyn will continue to offer support to the Partners, to ensure a smooth transition of client matters and, obvi...

28 May 2011

Barrons has recently invested in a complete redecoration and re-organisation of its offices at Monometer House.

Feedback from the team and clients has been very positive and if you haven’t yet seen it we look forward to greeting you here soon.

03 May 2011

HM Revenue and Customs (HMRC) has reminded employers of the importance of filing their annual returns on time. Employer annual returns (P35 and P14s) must be submitted by 19 May and online. Changes that have come into effect this year mean annual returns sent to HMRC after the 19 May filing date will almost certainly result in a late-filing penalty. Previously, an extra-statutory conc...

01 Apr 2011

The national minimum wage hourly rate for adults is to climb to £6.08 in October 2011. The rise represents a 15p and a 2.5 per cent increase and was recommended by the Low Pay Commission. Despite the economic uncertainties, the LPC said that the decision for the increase was a unanimous one. The hourly rate for employees aged between 18 and 20 will rise by 6p (1.2 per cent) to £4.98. ...

24 Mar 2011

Each year, the government introduces regulatory changes affecting businesses on two common commencement dates. These dates are 6 April and 1 October. There are a number of changes due to come into force in April 2011. What follows is a summary, but not an exhaustive list, of the more important new rules with which businesses will need to comply. Some changes have a bearing on the finan...

16 Mar 2011

Last year's Budget, coupled with the Comprehensive Spending Review, was intended to get most of the unpleasant news out of the way - large spending cuts - in the Government's efforts to tackle the public finance deficit. Now comes what may be the harder part: encouraging sufficient private sector growth both to boost the tax take and to compensate for the inevitable slide in public sect...

01 Feb 2011

HM Revenue and Customs (HMRC) has issued a reminder about important changes that will be affecting corporation tax this April. Under the changes, all company tax returns sent in from April 2011 must be filed online for accounting periods ending after 31 March 2010. What's more, returns will need to be submitted in a data format known as Inline XBRL or iXBRL. Corporation tax payments m...

Barrons has put together a helpful guide to running your business during the coronavirus crisis.