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Welcome to the Latest Edition of Whiting & Partners Newsletter

This month we report on several issues relevant to employers; employment allowance, electronic messages to employers and increases to NMW penalties and latest targets plus details regarding HMRC's stance on penalties for some late Self-Assessment returns.

There is a warning on phishing scams and a reminder on the approaching PAYE end of year.
We also report on the help available for those affected by floods.
Please contact us if you would like any further details on any of the issues covered.

No Penalties for Some Late Self-Assessment Returns

HMRC have announced that more than 10 million tax returns were filed on time meeting the 31 January deadline.

Approximately 8.5 million returns were filed online with the rest being paper filed.  Perhaps not surprisingly the busiest day for tax return submission was 31 January when HMRC received over half a million returns.
PAYE End of Year Approaching
HMRC are reminding employers that with the end of the 2013/14 tax year approaching they will soon need to make their final 2013/14 PAYE (RTI) submission.
HMRC Warning About Phishing Scams
HMRC are warning taxpayers to be wary of the latest in a long line of email phishing scams that claim to offer tax rebates in return for bank account details.
Help For Those Affected By Floods
The Prime Minister has announced a package of measures to help flood affected businesses get back on their feet.  The package of measures includes:
  • A Government Business Support Helpline providing comprehensive advice and support to businesses affected by floods.  The helpline number is 03000 456 3565.
  • A new Business Support Scheme to provide hardship funding for SME businesses in areas affected by the floods.
  • Read more
Electronic Messages to Employers
HMRC have issued an electronic warning message to employers who have not submitted their Full Payment Submission (FPS) return(s) during the January tax month.  The message is intended to be a reminder to employers and is not a penalty notice.
Employment Allowance
The Government has announced further details of the Employment Allowance which is available from 6 April 2014.  Eligible employers can reduce their employer Class 1 NICs by up to £2,000 each tax year.

The Employment Allowance can be claimed by a business or charity (including Community Amateur Sports Clubs) that pays employer Class 1 NICs on their employees' or directors' earnings.
Increases to NMW Penalties & Latest Targets
The Government has announced that rogue employers who do not pay their workers the National Minimum Wage (NMW) will face an increased penalty of up to £20,000 as part of a Government crackdown.
Employee Travel Disruption
From time to time and particularly with the current weather conditions, travel disruption can affect an employee's ability to get to work on time, or in some cases at all.

Coming Soon!

Look out for our new Payroll and Construction Industry Scheme Updates email.
We will be circulating the latest Payroll and Construction Industry Scheme updates in an email twice-yearly newsletter to help employers and contractors keep up-to-date with the latest developments. 
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