On 19 March HM Revenue & Customs (HMRC) announced a temporary relaxation for small employers to the RTI ‘on or before’ rules. HMRC have now provided details of the entries that should be made on an FPS where the relaxation is being used.
The ATT have received a letter from David Gauke MP, the Exchequer Secretary to the Treasury, in acknowledgment of the representations made to him and HMRC by the ATT and other professional and business bodies and to note the significant change to
“The extension for a further year of the CGT relief on gains reinvested into SEIS qualifying shares (albeit at half the level for 2012/2013) will be welcome by new small companies looking for an injection of kick-start funds”.
The Association of Taxation Technicians (ATT) welcomes the announcement today by HMRC, that it is making a significant relaxation to the Real Time Information (RTI) PAYE reporting requirements for small employers for a limited period.
Before 1st October 2012 many smaller self storage operators were unable to reclaim input tax incurred on capital costs. They were unable to do this because their self storage fees were exempt from VAT and the relevant input tax exceeded the