http://www.davenportenterprises.co.uk Davenports - all your business needs under one roof: Accountancy, Web, Print & Design. Fri, 27 Jan 2012 12:49:27 +0000 http://backend.userland.com/rss092 en Accounting's Watchdog has warned directors that the must recognise the effect of global economic issues when producing their annual reports and accounts. The Financial Reporting Council (FRC) has updated its guidance for the kind of risks that directors must consider when putting together their annual reports. Companies' exposure to country risk through ... http://www.davenportenterprises.co.uk/annual-reports-must-reflect-economic-uncertainty Nick Clegg will say today that he wants to accelerate plans to raise the threshold for paying income tax to £10,000. The deputy prime minister will say that he wants the coalition government to go "further and faster" in raising the pay level at which people start paying income tax to ... http://www.davenportenterprises.co.uk/clegg-raise-income-tax-threshold-further-and-faster No fines will be handed out to anyone who submits their self-assessment tax returns online in the first two days of February. The official deadline for submitting forms is 31 January, but a planned strike for that day is set to cause last-minute disruption. So HM Revenue and Customs (HMRC) has effectively ... http://www.davenportenterprises.co.uk/tax-deadline-put-back-by-hmrc-over-strike Athletes resident outside of the UK who compete at the Glasgow 2014 Commonwealth Games will be exempt from income tax, Chief Secretary to the Treasury, Danny Alexander will announce in Glasgow today. The decision mirrors a similar exemption in place for London 2012. The decision will help spread the Olympic legacy ... http://www.davenportenterprises.co.uk/glasgow-2014-gets-tax-boost British armed forces personnel in active service who have failed to file their tax return in time will have their penalties cancelled as a ‘Reasonable Excuse’ if they get in touch with HMRC. As discussed on BBC Money Box, soldiers serving in Afghanistan will still face penalties if they fail to ... http://www.davenportenterprises.co.uk/hmrc-will-cancel-late-filing-penalties-for-soliders The government may offer a £100,000 prize to self-assessment filers for sticking to deadlines under current proposals. The Behavioural Insight Team has suggested HM Revenue & Customs create a prize draw for those that file tax returns on time to ease congestion on IT systems in the run up to the ... http://www.davenportenterprises.co.uk/win-100000-for-filing-tax-on-time The Chancellor of the Exchequer, George Osborne, has today announced that the Government will waive VAT on sales of the Military Wives choir's Christmas single by making an exceptional one-off charitable donation to the Royal British Legion, and Soldiers, Sailors, Airmen and Families Association (SSAFA), the charities chosen to benefit ... http://www.davenportenterprises.co.uk/government-to-waive-vat-on-military-wives-charity-single Private tutors and coaches have less than a month left to tell HM Revenue & Customs (HMRC) about any tax that they owe. They were offered a special tax plan - the Tax Catch Up Plan - in October this year. Registering by 6 January 2012 ensures that tutors and coaches ... http://www.davenportenterprises.co.uk/tutors-and-coaches-have-less-than-one-month-to-clean-the-slate-on-tax Fashion houses are the latest targets of an HM Revenue & Customs campaign aimed at ending the exploitation of interns. HMRC has written to a number of fashion houses and designer labels warning them about non-payment of the National Minimum Wage. The letters are being sent to fashion houses that exhibited at ... http://www.davenportenterprises.co.uk/hmrc-targets-fashion-houses-exploiting-interns Don’t get hit by unexpected charges when you are shopping for Christmas bargains this year, HMRC’s Angela Shephard advised today. If you are going abroad to do Christmas shopping, or buying goods online from non-EU countries, you need to know how much you can buy before you have to pay import ... http://www.davenportenterprises.co.uk/know-your-oversea-shopping-limits-this-christmas