This year’s Autumn Statement will be made by the Chancellor of the Exchequer, George Osborne, on Wednesday 5 December.
What will the headlines be? As usual there is a great deal of speculation as to what will be announced. Will a threatened and twice postponed increase in fuel duty be announced? Will Osborne reaffirm his intentions to increase the personal tax allowance to £10,000 by 2015? Will we see further restrictions on welfare spending, cuts to public spending and downgrading of growth forecasts?
It seems sure that in the continuing tough ecomonic times Mr Osborne will have limited options.
Follow on us Twitter (@grantandco) or visit our website for more information as the statement is delivered.
We are pleased to announce that we have sucessfully joined HMRC’s RTI pilot and are now fully RTI compliant.
Real Time Information brings a major change to the way PAYE is reported to HMRC. From April 2013, instead of the current system whereby an annual employer’s return (P35) is sent to HMRC at the end of the tax year, information about PAYE payments will need to be reported in real time each time an employee payment is made.
If you require any help, advice or information about RTI and how it affects your business and payroll process, then please do get in touch. Maybe you feel that now is the time to outsource your payroll function? We have a dedicated, highly experienced Payroll Team and offer a cost effective payroll solutions to suit individual business needs. Telephone Tamsin or Sara on 01242 223160, or call in to see us.