Bournemouth Accountants and Financial Advisers News, Ward Goodman Chartered Accountants
pay tax

Businesses ‘left unable to pay tax’ by HMRC

Posted under Tax Briefs, Ward Goodman News.

Many businesses in the UK have found themselves unable to pay tens of millions of pounds in VAT and corporation tax after changes to HMRC’s (HM Revenue & Customs) payment details were not communicated to them, it has been claimed. HMRC changed its bank account details without telling businesses and as a result, large tax…

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right tax

Have you checked you paid the right tax last year?

Posted under Tax Briefs, Ward Goodman News.

More than three million people may have paid the wrong amount of tax last year after the HM Revenue & Customs (HMRC) helpline service virtually collapsed under the volume of calls received. A National Audit Office report has said the reduction in the number of staff handling helpline calls from taxpayers meant call waiting times…

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auto enrolment

An unexpected side-effect of auto-enrolment

Posted under Tax Briefs, Ward Goodman News.

Auto-enrolment is having the unexpected side effect of making people blasé about their pensions and increasingly neglectful of their need to make pension-related decisions.   Research undertaken by Aviva discovered that 15% of private sector employees are unaware of their pension choices or have never reviewed them, compared with just 9% three years ago when…

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income tax

How your income tax bill really has gone up

Posted under Tax Briefs, Ward Goodman News.

Independent research shows that if you feel you’re paying more income tax than you used to, you’re probably right.   The Institute for Fiscal Studies (IFS) is an independent body that has established a reputation for objectivity in tax matters. Its former head, Robert Chote, is now in charge of the Office for Budget Responsibility…

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Pension sheme

Pensions Regulator toughens up over warning notices

Posted under Tax Briefs, Ward Goodman News.

The Pensions Regulator (TPR) has issued a warning to small companies that fail to heed 28-day warning notices to enrol their staff in pension schemes. The regulator states that firms could be hit with a fine that will rise with every passing day until they comply. 95% of small firms who are required to auto-enrol…

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