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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
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.
Firms get reminder on corporation tax changes
HM Revenue and Customs (HMRC) has issued a reminder about important changes that will be affecting corporation tax this April.
New contact number for employee tax enquiries
HM Revenue and Customs (HMRC) has announced that, in future, there will be just a single telephone point of contact for employee tax enquiries.
New advisory fuel rates
HM Revenue and Customs (HMRC) has published new advisory fuel rates for company cars.
Date set for 2011 Budget
Next year's Budget will be delivered on 23 March.
Paper self-assessment tax date imminent
Taxpayers are being reminded that the date for submitting a paper self-assessment tax return is looming.
Minimum wage rates soon to increase
Employers are being reminded that new national minimum wage rates will be coming into force in October.
PAYE consultation date looming
Employers have little time remaining in which to share their views with HM Revenue and Customs (HMRC) on possible changes to the PAYE system.
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