Accounting News - January 2013

Avoid last minute RTI rush, employers told Tax chiefs have issued a new year call to employers, urging them to ensure they are ready for major PAYE changes that come into effect in three months’ time. In April 2013, employers will have to start sending PAYE returns electronically, using Real Time Information (RTI)-enabled payroll software, to HM Revenue and Customs (HMRC) each time they pay employees as part of routine payroll processes. more

‘Taxpayers celebrate Christmas…by filing online More than 1,500 people took a break from turkey and tinsel on Christmas Day to file their tax returns online, according to new figures from HM Revenue & Customs (HMRC). HMRC said 1,548 people filed tax returns online on Christmas Day, a 40 per cent increase on 25 December 2011 when 1,100 people did so. more

New statutory payment rates issued

The Department for Work and Pensions has announced new statutory payment rates for 2013-14, which are due to take effect from April 2013. more

Consultation time cut in redundancy rules changes

The government has announced changes to the rules on larger scale redundancies that will cut by half the consultation period required.

Under the measures announced on 18 December, the current 90-day minimum period that applies where 100 or more employees are to be made redundant will be reduced to 45 days. more

Tax avoidance scheme closed down

The government has again underlined its focus on tackling tax avoidance by closing down a scheme being marketed as a way for companies to artificially reduce corporation tax bills. more

Motivation staff ‘key challenge in 2013’

Employment relations service Acas has highlighted motivating and engaging employees as key challenges for employers in 2013. more

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