Business and Other Briefings

HMRCHM Revenue & Customs (HMRC) is issuing a reminder to businesses affected by new online filing requirements for VAT returns. Under the new rules, existing VAT-registered businesses with annual turnovers of £100,000 or more (excluding VAT), and any businesses which registered for VAT from 1 April 2010, now have to file their VAT returns online and pay their VAT electronically.
 
Customers wishing to sign up for the VAT Online service should go to the HMRC website and follow the instructions on the screen. There is more information about the registration process on the HMRC website, including an online demonstrator and 2 downloadable Beginner’s Guides HERE..
Press release
 
LBRO: Ministers have asked the Better Regulation Executive to work with LBRO - the technical expert on better local regulation - to prepare options for extending the Primary Authority scheme

For companies operating under 2 or more local councils, Primary Authority provides reliable & consistent advice from a single source when dealing with environmental health, trading standards, health & safety and licensing services.
 
Businesses can run the risk of prosecution, even if they follow official advice, if local inspectors disagree about how to interpret regulations.  86 businesses covering more than 20,000 premises currently have a primary authority partnership with a local authority, as a gateway to simpler, more successful local regulation, based on new relationships.
Press release ~ Better Regulation Executive ~ LBRO - Primary Authority
 
HMRCRevenue & Customs Brief 30/10
This Business Brief explains the failure to notify penalty contained in Sch 41 of the 2008 Finance Act (FA2008) which from 1 April 2010 can be applied to most taxes.
 
HMRCRevenue & Customs Brief 29/10
 This brief announces a change to the treatment of claims received by HM Revenue & Customs under the provisions of the above scheme in respect of holiday homes.
 
HMRCRevenue & Customs Brief 28/10
A Revenue & Customs Brief providing confirmation of the VAT treatment of Verified Emission Reduction units (VERs) and carbon offsetting services.
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