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News - July 2007

Tax Credits Final Reminder

July 2007

Tax credits are state benefits which are generally available to lower income families. However, entitlement to the credits is significantly increased where individuals pay for childcare or have a dip in normal levels of income perhaps due to incurring trading losses.

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Personal Accounts Pensions

July 2007

Personal Accounts Pensions The government has published details of a new savings scheme which will give all employees the right to a workplace pension with a contribution from their employer. At present employers with five employees have to offer access to a pension scheme but do not have to make an employer contribution.

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Arctic Systems Decision

July 2007

The long running saga of Geoff and Diana Jones and their company Arctic Systems Limited has been back to the courts last week, this time to the House of Lords.

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28 Days Holiday Entitlement – But Not Yet

July 2007

A couple of months ago we reported on the government’s proposal to increase the minimum statutory holiday entitlement from the current 20 days (including bank holidays) to 28 days (bank holidays inclusive). The 28 days equates to 5.6 weeks for an employee working a five day week.

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Safe Driving

July 2007

Not sure what is a sensible driving policy for your business? The Department for Transport (DFT) has set up a new website which contains practical guidance to help businesses comply with their legal obligations.

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PAYE Online

July 2007

HMRC have issued a reminder to employers concerning their PAYE online service. The online service, which is used by many employers to submit the employer annual returns P35 and P14, is also used by HMRC to issue PAYE notices and reminders back to the employer.

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