News - August 2007
Businesses Need to Prepare for Impact of Arctic Systems Ruling
August 2007
Businesses should start seeking expert advice now to prepare for the fallout from a landmark legal ruling in favour of husband-and-wife businesses.
Arctic Systems – The Verdict
August 2007
The long running saga of Geoff and Diana Jones and their company, Arctic Systems Limited, has recently been back to the courts for the final time to the House of Lords.
HSE Reveals Myths
August 2007
The Health and Safety Executive (HSE) publish a series of myths of the month for businesses.
Phishing Scams
August 2007
HMRC have been made aware of certain so-called 'Phishing' scams
targeting taxpayers in an effort to fraudulently obtain personal
information from them.
more 
Advisory Fuel Rates
August 2007
HMRC have issued advisory fuel rates for company car drivers. These take effect for all journeys undertaken from 1 August so employers should advise affected employees and update any expense forms as soon as possible.
Offshore Disclosure – HMRC Follow Up
August 2007
Recently in enews we reported what has been widely reported in the press as HMRC’s ‘Tax Amnesty’. As previously explained the term amnesty is misleading as it only applies to the penalty that would be charged on undeclared tax relating to the offshore accounts, which HMRC have promised to cap at 10% if a voluntary disclosure is made. HMRC could in theory impose a 100% penalty. The tax and penalties due will need to be paid by 26 November 2007.
Business Disruption – Postal Dispute
August 2007
HMRC have announced that VAT returns and payments that were delayed by postal disputes will be viewed sympathetically.
Refund of Voluntary NICs
August 2007
As previously reported in enews in some limited circumstances individuals who have paid voluntary national insurance contributions (NICs) may be entitled to a refund. HMRC have now issued further guidance on the refund of voluntary NICs, following the Paymaster General’s announcement on 16 January 2007.
Delays in VAT Registration
August 2007
According to HMRC’s website it is currently taking an average of 38 days to process new VAT registration applications. The reason given for the delay is that HMRC have to carry out anti fraud checks in some cases and this leads to significant delays.
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