Business news

HMRC to clampdown on PAYE and NIC avoidance

08 Feb 12

Employers who deliberately attempt to dodge their PAYE or National Insurance contributions (NICs) may land themselves in hot water when new HMRC powers come into force this spring.

Apprenticeship funding to benefit businesses and young workers

08 Feb 12

As part of National Apprenticeship Week, Prime Minister David Cameron has announced a new round of funding which will support thousands of young workers through new apprenticeship schemes.

Businesses encouraged to join Government’s prompt payment drive

07 Feb 12

The Department for Business Innovation & Skills (BIS) is launching a new initiative to promote wider cooperation between businesses and suppliers so that payments are received on time.

P45 tax form to remain

07 Feb 12

Plans to replace to the current P45 tax form with a new 'leaver statement' have been scrapped following a consultation about HMRC's introduction of its Real Time Information (RTI) programme.

HMRC business record checks halted

06 Feb 12

HMRC has announced it will delay the implementation of its business records checks (BRC) programme, following a review with trade and professional bodies' representatives.