HMRC plans to recover unpaid tax from the bank accounts of alleged debtors has been branded “unconstitutional” by the Institute of Chartered Accounts in England and Wales (ICAEW). A three month public consultation on the Direct Recovery of Debt (DRD) initiative ended yesterday (29th July). The ICAEW says the plans are “unconstitutional and wrong in […]

Pension savers continue to be targeted by unscrupulous companies encouraging them to access their pension savings early. Promoters of these schemes offer personal loans, cash incentives and one-off pension investments to entice people to invest in these pension scams. Pension savers involved in these pension liberation scams face significant tax consequences. HM Revenue & Customs […]

Changes to the civil penalty scheme to prevent illegal working Following a public consultation in the summer 2013, the government announced its intention to make changes to the civil penalty scheme to prevent illegal working. Details were set out in its response to the consultation in October 2013. The changes are intended to encourage and […]

Employers who no longer need their PAYE scheme can avoid non-filing Generic Notification Service (GNS) messages and penalties by ensuring that they make their final submission correctly. The actions for employers to take will depend on what type of final submission they are sending, and for what tax year: 2014 to 2015 Full Payment Submission (FPS) - when […]

Workplace Law report that a joint research survey carried out by My Family Care and Hogan Lovells discovered that only 15% of employers have a clear idea of how they will implement the new provision for staff who are parents. Some noted a lack of certainty around pay under shared parental leave. The research also […]