PAYE and NI

Average weekly state pension rises

The average weekly state pension for 2012/13 has risen by £6 from £118 to £124 according to Government estimations following changes which came into effect last week.

Finance Bill 2012 published

The Government has published the Finance Bill 2012, in which tax measures announced in Budget 2011 and 2012 come into force.

Pension auto-enrolment thresholds confirmed to rise

The earnings thresholds for automatic pension enrolment will be aligned with tax and national insurance contributions, the Government has confirmed following consultations.

Budget 2012: Potential tax reforms could aid SMEs

Small businesses may benefit from a simplified tax system in which full accounts may not have to be presented to HMRC, under plans announced by Chancellor George Osborne in the Budget.

Budget 2012: 50p tax rate cut while income tax threshold is raised

Chancellor George Osborne announced that the 50p top rate of tax will be reduced to 45p in April, and a further £1,100 increase in the personal allowance by 2013, in the Budget made earlier this afternoon.

Budget 2012: Chancellor begins against record borrowing figures

Chancellor George Osborne stands to deliver today's Budget after a blow this morning from official figures indicating that public sector borrowing hit a record £15.183 billion pounds last month - close to double of the £8.875 billion in February and what economists had forecast.

Business groups offer last minute Budget proposals

Business groups have urged the Chancellor to take 'radical action' and deliver measures which support small businesses, drive job creation, and encourage UK economic growth, in the Budget that will be announced tomorrow.

Workers sick on holiday to be granted additional leave

Employees will have a legal right to claim back annual leave if they become ill whilst on holiday, the European Court of Justice (ECJ) has decided.

Report advises fairer treatment of tax disputes

Tax compliance and disputes handled by HMRC should be handled with complete impartiality regardless of company size, a Treasury sub-committee report has found.

HMRC alters stance on employee smartphones

Smartphones such as BlackBerrys and iPhones which are provided by employers to employees will no longer be subject to tax as a 'benefit in kind', HMRC has announced.

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