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Automatic Enrolment gives new pension security to thousands

More than half a million people will be saving in a workplace pension for the first time by Christmas, according to new government figures. From October 2012, starting with the largest employers, the automatic enrolment initiative means that bosses will be required by law to pay into a workplace pension for all eligible staff who do not opt out. The DWP figures reveal that by Read more…

Real Time Information Initiative

Further to this article on the Real Time Information Initiative on the Artaius website, it is now highly likely that small employers will be required to submit information under RTI from April 2013. HM Revenue & Customs will be writing to employers 4-6 weeks before their mandatory joining date, with automatic penalties likely for non-compliance. The HMRC pilot project is under way and working well, although there Read more…

Lifting the lid on UK Patent Box legislation

The London 2012 Olympic Games have come to a close and it is hoped they will encourage many more visitors from the world, including those looking to set up business here. If that in itself is not enough, this year’s Finance Act 2012 introduced new legislation to enshrine the Patent Box rules into our legislation. However in addition to meeting the conditions needed for the Read more…

New CIS guidance issued

HM Revenue & Customs (HMRC) has issued updated guidance for subcontractors operating as limited companies on reclaiming any deductions taken from their payments under the Construction Industry Scheme. The new guidance was issued on 15 August and updates a leaflet first published in May this year. HMRC said a copy of the leaflet would also be sent to those limited company subcontractors that it contacts Read more…