Firm news

New online VAT filing rules

From 1 April 2012 all VAT registered businesses will have to submit VAT returns online and pay and VAT due electronically too.

Reminder on tax credits

HM Revenue and Customs (HMRC) has issued a reminder that anyone wishing to claim tax credits must do so by 31 July.

New minimum wages rates

The national minimum wage hourly rate for adults is to climb to £6.08 in October 2011.

Regulation date nearing

Each year, the government introduces regulatory changes affecting businesses on two common commencement dates. These dates are 6 April and 1 October.

Budget 2011: first the cuts, now the growth plan

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 sector employment.