Help with personal tax forms
The start of the new tax year on 6 April 2009 means HM Revenue & Customs will be issuing personal tax returns for the year ended 5 April 2009.
These forms can be daunting so please do not hesitate to get in touch if you would like help in completing them.
Get your new-look P45
A new A4 version of the P45 form – given to employees when they leave your employment – will be issued by HM revenue & Customs on 6 April 2009.
You should destroy any old style forms you still hold and contact HM Revenue & Customs for the new version on 08457 646646.
The new form includes date of birth and gender fields. You must complete these fields from 6 April 2009.
Contact Helen McGeen at robinson+co to see how we can help with PAYE requirements.
Clarity on maternity pay
An error in the E15 Employer Helpbook for Statutory Maternity Pay issued by H M Revenue & Customs may well be causing confusion.
The mistake is on page 30 in the left hand column which starts: 'How much do I get back?' The last bullet should read:
"for babies due between 26 July 2009 and 24 July 2010, check your liability for 2008-09"
"for babies due between 18 July 2009 and 19 July 2010, check your liability for 2008-09"
H M Revenue & Customs are correcting matters online. But why not contact us to see how we can help you with your responsibilities as an employer leaving you to run your business?
Would you like a £75 tax-free payment?
By filing your 2008/09 Employer Annual Return (form P35) online this year, you will get a £75 tax-free payment.
We have been filing P35 forms for our clients for a number of years now and obtaining tax free payments.
Why not contact us to see how we can help you?
Rules to change on voluntary contributions
Have you had a letter from HM Revenue & Customs inviting you to consider paying voluntary contributions (Class 3).
This letter is issued to alert you to the fact that you have a particular tax year that will not count towards the basic State Pension and Bereavement Benefit. Letters like this are issued to certain people every autumn.
The rules for contributing to these benefits are changing on 6 April 2010 and it is advisable that you contact us for detailed advice before making any payment to HM Revenue & Customs.
HMRC get tough on inaccuracies
There are new penalties for “inaccuracies” within a tax return (whether it be VAT, income tax or corporation tax).
HM Revenue & Customs are hardening their act and it is important that your records and systems are as up-to-date and accurate as possible.
Contact us if you need advice about the records needed, or changing to a computerised system.