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PAYE dodgers beware - HMRC can ask problem employers for a security
22nd February 2012

PAYE dodgers beware - HMRC can ask problem employers for a security

HMRC can ask problem employers for a security. From 6 April 2012 HMRC will be able to ask employers to pay a security where there is serious risk that they won’t pay over their PAYE tax deductions or Class 1 National Insurance contributions (NICs).

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Economic Insight February 2012
22nd February 2012

Economic Insight February 2012

A monthly briefing from the ICAEW's economic advisers.

- Businesses cautious against gloomy economic backdrop
- UK economy contracts in final quarter of 2011
- BCM points to slowdown in capital investment growth
- Unemployment continues to rise
- Emerging contrast in US and European labour markets
- Short-term economic outlook remains weak

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Watch out for new HMRC fines
16th February 2012

Watch out for new HMRC fines

THE ICAEW is warning accountants to take heed of the taxman's new late-filing penalties that will be introduced this week. Last year HMRC estimated £2bn of tax was at stake from late filers who missed the 31 January deadline.

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HMRC announces temporary halt to Business Record Checks (BRC's) for the present
14th February 2012

HMRC announces temporary halt to Business Record Checks (BRC's) for the present

HMRC announced on the 3rd February that it is to postpone making any new business record check appointments until a revamped approach outlined in a recent report is launched early in the 2012/13 financial year. 

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Would you like cheaper more tax effective life cover?
8th February 2012

Would you like cheaper more tax effective life cover?

There is a new product available specifically designed for small limited companies called "A RELEVANT LIFE PLAN". This is suitable for limited companies who have 1-20 employees including directors.

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