Accounting News - May 2014

New tax statements on the way Around 24 million people are to receive a personal tax statement from HM Revenue & Customs (HMRC), setting out how much tax they paid in 2013-14 and how it contributed to public expenditure. more HMRC targets second incomes Employees who have undeclared income from self-employment are being urged to notify HM Revenue & Customs (HMRC). more

Property tax net set to catch non-residents

The government has launched a consultation on its proposals to introduce capital gains tax (CGT) for non-UK residents when they dispose of residential property, which could have significant implications for overseas property investors. more

Speak up on auto-enrolment issues, employers urged

Employers struggling to meet their automatic enrolment duties should raise the alert with the Pensions Regulator sooner rather than later, the organisation has warned. more

Late payments ‘remain a worry’

Late payment remains a concern for many small businesses according to the latest research from the national small business group, the Forum of Private Business. more

‘Top-ups’ plan comes a step closer

Further details have been published of a time-limited opportunity for pensioners to make extra national insurance contributions (NICs) top up their state pension. more

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