News Centre

A recent report looking at who pays the most income tax reveals some interesting findings.

New figures show HMRC's customer compliance efforts are yielding substantial sums.

Is a state pension age (SPA) of 75 looking more likely? 

Recommendation

The SPA should better reflect the longer life expectancies that we now enjoy and be used to support the fiscal balance of the nation.

There are currently long delays in gaining probate on the estates of the recently deceased.

Stock markets, as well as some family holidaymakers, experienced a rollercoaster August.

A plummeting pound, volatile bond and stock markets, a superpower trade war, a looming global recession, and political turmoil over Brexit - it's only human to be rattled in the face of all that.

Since the end of August savings rates have tumbled unceremoniously, making life harder for savers looking for a good deal.

The Financial Conduct Authority (FCA) has agreed a plan to give the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA).

Two self assessment deadlines are approaching:

• 5th October 2019

For those individuals who have not previously completed a tax return but need to report a liability for 2018/19.

HMRC has confirmed that it will continue its risk-based approach to payroll Real Time Information (RTI) late filing and late payment penalties this tax year.

In the latest Trusts and Estates Newsletter HMRC has confirmed the continuation of the interim arrangement for interest reporting.

In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is automatically enrolling them in the customs system.

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to simplify the complexities of accessing apprenticeship funding.

HMRC has published the latest edition of the

At Prime we are proud to have assisted many clients through their whole business life cycle.

Diversity and inclusion are hot topics as society is driving firms to become more inclusive.

Calculating return on investment (ROI) on marketing activity has been a longstanding challenge for businesses.

The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company.

If you pay your VAT quarterly by direct debit the sign-up window has closed for the 7 August (30 June quarter) submission.

In earlier newsletters we reported that hospital doctors and GPs were lobbying the government to amend the pension tax rules as the current system of restricting tax relief on pension contributions means many doctors paying almost all of the extra salary back in tax if they take on additional responsibilities or work additional shifts.

Arbitration is the process of bringing a business dispute before a neutral third party in order to resolve the situation.

It's important to be able to say no at work without making enemies.

HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles.

You might also be thinking what summer? Where did it go? Especially now the autumn chill and rain has returned and that brief heat wave seems a long time ago!

But I have to talk about Stokes and his heroics for the England Cricket Team against the Australians this weekend.