Business News - October 2010

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Over 180 fake tax websites shut down

East of England accountants Moore Thompson are warning taxpayers to be on their guard against so-called ‘phishing’ attacks – where fake HM Revenue and Customs emails direct them towards websites where their financial details are stolen – after more than 180 such sites were shut down in the past three months.

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HMRC Issues Guidance On Tax Underpayments

HM Revenue & Customs (HMRC) has issued guidance for up to 1.4 million taxpayers who have underpaid PAYE due to incorrect tax codes.

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£900m To Fight Tax Non-Compliance

Large businesses will be among those targeted in a £900 million government plan to tackle non-compliance in the tax system.

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New Businesses Benefit From NI Holiday

A new regional national insurance (NI) holiday for start-up businesses has come into effect.

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CD-Rom Alert For Employers

HM Revenue & Customs (HMRC) has issued an alert to employers who use its Employer CD-ROM to help run their payroll systems.

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Online Guidance To Sale Of Goods Act Launched

The Office of Fair Trading (OFT) launched a new online resource to help businesses comply with the law when customers buy or return goods.

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Tax Specialists Criticise Paperwork Cuts

Tax experts have hit out at HM Revenue and Customs’ (HMRC) plans to stop issuing copies to tax agents of some mail sent to their clients to help cut costs.

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