Around 12,000 taxpayers have been sent penalty notice letters by HM Revenue & Customs (HMRC) in error, warning them of the new £10 daily fines for failing to file their self assessment tax returns.
A recent ruling by the UK Supreme Court has suggested that employers can force workers who have reached the statutory retirement age to retire on a number of ‘legitimate grounds’, such as ensuring the future succession of staff.
The UK economy has slipped back into recession, according to initial estimates from the Office for National Statistics (ONS).
Almost 50% of workers over the age of 50 will need to work for a further 11 years after reaching state pension age, a new report has warned.
As businesses prepare for the introduction of automatic pension enrolment, the Pensions Regulator has confirmed that employers will be able to bring forward their staging date.
HM Revenue & Customs (HMRC) is reminding taxpayers who have not yet filed their 2010/11 tax returns online that they must do so before 1 May, or face a series of daily penalties.
A new mini stick-on credit card has been unveiled as the latest innovation in ‘contactless’ payment technology.
The Office of Fair Trading (OFT) has issued guidance for businesses regarding their choice of trading name, with the aim of preventing firms from choosing names which could mislead customers about their commercial status.
The Bank of England’s quantitative easing policy is penalising pensioners and savers, a committee of MPs has claimed.
The Government will launch a consultation this summer on its controversial plans to cap tax relief on charitable donations.
Nearly 10% of individuals who earn more than £10 million a year are paying income tax at less than the basic rate of 20%, HM Treasury has revealed.
Employers are being urged to file their annual return (P35 and P14s) by 19 May or risk incurring a penalty.
Plans to restrict tax relief on charitable donations could lead to a fall in philanthropic gifts, according to some of the UK’s leading charities.
A new type of pension scheme could be introduced as part of Government plans to find a replacement for final-salary schemes, it has been revealed.
New standards will come into force from August 2012, meaning that apprenticeships for all age groups will last for a minimum of 12 months.
As the end of the 2011/12 tax year approaches, savers are being encouraged to make the most of their tax-free ISA annual allowance.