Business News - Accountants for farmers in Lincolnshire covering Spalding, Wisbech and Market Deeping

Business News - September 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:

End in sight for compulsory retirement

East of England accountants Moore Thompson are advising business owners that the government has started consulting on plans to scrap the default retirement age of 65 by October 2011.

East of England accountants Moore Thompson are advising people that the rule which states anyone with a personal or company pension must buy an annuity by age 75 is set to be abolished by the government.

Employers are reminded that new national minimum wage rates (NMW) will come into force from 1 October.

As the 31 October deadline looms for paper tax returns, new figures from HM Revenue & Customs (HMRC) reveal that growing numbers of individual taxpayers are opting for online filing.

HM Revenue & Customs (HMRC) has issued new guidance on correcting VAT errors.

Employers will be able to access more HM Revenue & Customs (HMRC) advice and guidance online and via downloads as HMRC works to reduce the amount of information it posts out.

The government has launched a consultation on the tax rules for furnished holiday lettings.

UK employers now have access to a free tool that allows them to assess current and future workforce needs.

HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant following reports that thieves are making phone calls pretending to be the taxman.

Debt collection agencies will be used by HM Revenue & Customs (HMRC) during 2010-11 to collect an additional £140m of tax debt.

Private and fleet buyers in the UK are to be offered up to £5,000 as an incentive to buy greener cars in a government scheme launching at the start of next year.