Welcome to the Winter 2006 edition of our newsletter. As usual we cover a broad mix of business news and features and we trust that you will find it a useful and interesting read. Please remember that we would be delighted to hear from you if you would like to discuss any of the matters raised.
Earlier this year HMRC announced a number of new ways to enquire into the accuracy of tax returns. At the same time they indicated their wish to try out these ideas on a trial basis. Although minimal consultation had occurred, piloting of the ‘interventions’ began in July and, unsurprisingly perhaps, the process has not been without controversy. We scrutinise the plans and appraise their potential impact in this edition.
In April next year the new CIS scheme will finally begin and we take this opportunity to look at how contractors should be preparing for this important change. We look at the latest thinking on the National Minimum Wage and also at the probable future direction of online filing. We also consider some basic aspects of pensions and VAT and remind van drivers about changes in the benefit in kind rules starting in the next financial year.
As always we hope that you find the newsletter helpful.