The Automatic Enrolment (Miscellaneous Amendments) Regulations, SI 2013/2556, amend SI 2010/772 and related regulations in SI 1996/1715, SI 2000/2692 and SI 2010/5 to simplify the process of automatically enrolling eligible jobholders into a workplace pension scheme.
PAYE settlement agreements
HMRC reminded employers that penalties may be charged for late payment of tax and class 1B NICs in respect of 2012/13 PAYE settlement agreements. Cheques must reach HMRC by 19 October and electronic payments must reach HMRC by 22 October. See HMRC’s website for further details.
Goodwill in trade-related properties
HMRC has updated guidance on apportioning the price paid for a business between goodwill and other assets. See HMRC’s website for further details.
Higher education
HMRC published a new version of the Framework for Higher Education Institutions Partial Exemption Special Methods, intended to ‘improve fairness and consistency’ for institutions formulating partial exemption methods. The framework was ‘agreed with the British Universities Finance Directors’ Group and the Higher Education Funding Council for England’ but is not mandatory and does not replace Notice 706: Partial Exemption, HMRC said.
VAT notices
HMRC has updated Notice 709/1: Catering and take-away food and Notice 708: Buildings and construction.
Climate change levy notices
HMRC has updated Notice CCL1/1: Registering for Climate Change Levy and Notice CCL1/4: Electricity from renewable sources and Notice 453: Gaming duty.
Uruguay
The UK and Uruguay governments signed a tax information exchange agreement on 14 October. The TIEA will enable the countries to exchange of information to OECD and international tax standards, HMRC said.
Autumn Statement
The chancellor announced that he will present his annual Autumn Statement on 4 December. The statement provides an update on the government’s plans for the economy, based on the Office for Budget Responsibility’s forecasts.
People and firms
Devereux Chambers has announced that Timothy Brennan QC has been elected the new Head of Chambers. He succeeds Ingrid Simler QC on Monday 21 October 2013, following the latter’s appointment to the High Court bench from 28 October 2013. Accountancy firm Cooper Parry has announced the promotions of Robin Clegg and Ivan Wilcox to tax director.
The Automatic Enrolment (Miscellaneous Amendments) Regulations, SI 2013/2556, amend SI 2010/772 and related regulations in SI 1996/1715, SI 2000/2692 and SI 2010/5 to simplify the process of automatically enrolling eligible jobholders into a workplace pension scheme.
PAYE settlement agreements
HMRC reminded employers that penalties may be charged for late payment of tax and class 1B NICs in respect of 2012/13 PAYE settlement agreements. Cheques must reach HMRC by 19 October and electronic payments must reach HMRC by 22 October. See HMRC’s website for further details.
Goodwill in trade-related properties
HMRC has updated guidance on apportioning the price paid for a business between goodwill and other assets. See HMRC’s website for further details.
Higher education
HMRC published a new version of the Framework for Higher Education Institutions Partial Exemption Special Methods, intended to ‘improve fairness and consistency’ for institutions formulating partial exemption methods. The framework was ‘agreed with the British Universities Finance Directors’ Group and the Higher Education Funding Council for England’ but is not mandatory and does not replace Notice 706: Partial Exemption, HMRC said.
VAT notices
HMRC has updated Notice 709/1: Catering and take-away food and Notice 708: Buildings and construction.
Climate change levy notices
HMRC has updated Notice CCL1/1: Registering for Climate Change Levy and Notice CCL1/4: Electricity from renewable sources and Notice 453: Gaming duty.
Uruguay
The UK and Uruguay governments signed a tax information exchange agreement on 14 October. The TIEA will enable the countries to exchange of information to OECD and international tax standards, HMRC said.
Autumn Statement
The chancellor announced that he will present his annual Autumn Statement on 4 December. The statement provides an update on the government’s plans for the economy, based on the Office for Budget Responsibility’s forecasts.
People and firms
Devereux Chambers has announced that Timothy Brennan QC has been elected the new Head of Chambers. He succeeds Ingrid Simler QC on Monday 21 October 2013, following the latter’s appointment to the High Court bench from 28 October 2013. Accountancy firm Cooper Parry has announced the promotions of Robin Clegg and Ivan Wilcox to tax director.
