News - September 2007
Arctic Systems – HMRC Gives Guidance
September 2007
Following the decision in the Arctic Systems case HMRC have provided guidance on how tax returns are to be dealt with following the House of Lords’ decision.
Test Case Issue to Resolve Bank Charges Debate
September 2007
The Office of Fair Trading (OFT) is taking a case to the High Court to decide whether or not the level of unauthorised overdraft charges made by banks are legal. According to the OFT, tens of thousands of complaints that these charges are unfair have been received by the County Courts and the Financial Ombudsman Service.
HMRC Apologise for Payment Delay
September 2007
HMRC have apologised to small employers, those with less than 50 employees, awaiting their £150 tax-free incentive payment in respect of the 2006/07 tax year. The incentive payment is due where an employer, or their agent, successfully filed their Employer's Annual Return form P35 and the supporting employee forms P14s online.
VAT Fuel Scale Charges
September 2007
The VAT fuel scale charge is the output VAT charge payable by
VAT registered businesses which allow their employees to claim
all the fuel expenses on their company cars and reclaim VAT on
the full amount of fuel purchased without making an adjustment
for private use.
more 
HSE Launch Risk Assessments Factsheets
September 2007
The Health and Safety Executive (HSE) has produced a range of risk assessment factsheets for different business sectors.
Tax Help for those Affected by Floods
September 2007
The Chancellor of the Exchequer, Alistair Darling, has announced that HMRC will introduce a series of measures to help individuals and businesses affected by the recent severe flooding. The Government will introduce legislation in next year's Finance Bill to allow HMRC to waive interest and surcharges on tax paid late due to the floods.
VAT Change for Invoices
September 2007
HMRC have issued guidance on changes to the rules regarding the information to be shown on invoices issued from 1 October 2007.
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