News - October 2008
Evolution Time Critical Delivers the Way Forward
October 2008
With businesses across the UK looking for ways to buck the downward trend of the economy, Evolution Time Critical has clearly found the formula for success.
Extra take home pay
October 2008
For many employed individuals who are checking their payslip this month it should include a welcome bonus of a £60 reduction in their income tax deduction. The reason for this is the increase in the personal allowance which finally took effect for paydays from 7 September. Don’t expect the bonus each month as the effect for October onwards will be a reduction in tax of £10 a month!
CBI forecast
October 2008
A CBI forecast has predicted a ‘shallow recession’ during the final part of 2008 and that growth in the economy in 2009 will be the lowest since 1992.
Temporary exemption on stamp duty land tax
October 2008
In a move to help the property market and first time buyers, Alistair Darling has introduced a Stamp Duty Land Tax (SDLT) exemption or holiday for purchases of residential property from 3 September 2008 to 2 September 2009 (inclusive). The exemption effectively raises the current nil rate band of £125,000 (£150,000 in disadvantaged areas) to £175,000 for the period of one year only.
Fake HMRC emails
October 2008
HMRC are warning taxpayers that they are aware of a high number of emails being sent out offering a tax rebate. The warning confirms that HMRC do not email taxpayers advising them of tax rebates or invite them to complete an online form to receive a rebate.
NMW rates to rise
October 2008
National Minimum Wage (NMW) rates are set to rise from 1 October 2008.
HSE don’t ban this, that and the other
October 2008
The Health and Safety Executive (HSE) are keen to dispel the myth that they are responsible for banning ‘this, that and the other’.
Proposed Strict New Jobs List
October 2008
The UK Border Agency is proposing to introduce a new list of shortage jobs in order to better target migration at the needs of British businesses. The proposed list would reinforce the selective approach of the new points based system.
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