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...

12 Dec 2010

HM Revenue and Customs (HMRC) has announced that, in future, there will be just a single telephone point of contact for employee tax enquiries. The number is 0845 300 0627. Employers as well as employees can use this number if there are issues with employee tax codes. But for any other enquiries related to the running of a payroll, employers should continue to call the Employer Helpli...

05 Nov 2010

Next year's Budget will be delivered on 23 March. The date was announced by the Chancellor, George Osborne as he was giving evidence to the House of Commons Treasury Select Committee on the consequences of October's Comprehensive Spending Review. Mr Osborne told the MPs: "You can put that in your diary." The announcement is unusual in recent years in that it gives months rather than w...

05 Oct 2010

Taxpayers are being reminded that the date for submitting a paper self-assessment tax return is looming. The cut-off point for paper returns is 31 October. Last year, some 2,467,000 people submitted self-assessment tax returns in paper format. Of those, 2,143,000 (87 per cent) managed to meet the deadline. Late returns could mean a £100 penalty. However, HM Revenue and Customs (HMRC)...

22 Sep 2010

Employers are being reminded that new national minimum wage rates will be coming into force in October. There is also a new rule affecting 21-year-olds. As from 1 October, employees will no longer have to be aged 22 to become eligible for the top hourly minimum wage adult rate. The new rates are: £5.93 per hour for low paid workers aged 21 and over, up from £5.80; £4.92 per hour for 1...