The Bribery Act 2010 came into force on 1st July 2011. This piece of legislation makes it a criminal offence to either offer or receive a bribe. It is a far reaching piece of legislation that applies worldwide and retrospectively.
Keep an eye on your turnover
HM Revenue & Customs (HMRC) have announced an initiative to crack down on VAT rule breakers.
Interns and the National Minimum Wage
If you are using unpaid or low paid interns then make sure you are on the right side of the law.
Hospitality? Facilitation? or Bribery?
Following a number of delays, the Bribery Act 2010 will finally come into force on 1st July 2011. This new law introduces penalties of up to 10 years imprisonment and/or unlimited fines for those convicted.
And still more penalties..
For years PAYE deductions have only been considered ‘late’ if any amount was still outstanding by 19th April following the end of the tax year. Theoretically you could therefore pay nothing during the year and just make a single annual payment. There has been no legal mechanism for penalising people who chose to flaunt the rules in that way. Well now there is.
New penalty regime now in force
With the recent budget grabbing all the headlines in the tax press, the new and much harsher penalty regime for Self Assessment Tax Returns has gone largely unnoticed.
Beware the boiler room scam
I have been contacted twice in the past couple of months by a stockbroker based in the US offering me investment advice. I am now completely sceptical as to whether he was a legitimate stockbroker at all.
All change for Corporation Tax
With effect from 1st April 2011, there are two significant changes to the way corporation tax is administered by HM Revenue & Customs (HMRC).
Quick budget blog
No surprise that the main topic of conversation in our office today is the budget. We were all expecting a damp squib but were pleasantly surprised by a few points of interest thrown in for good measure.
Spotlight on Tax Avoidance
In the new era of transparency, HM Revenue & Customs (HMRC) provide a list of the latest tax avoidance schemes which they are focussing their resources on to have shut down.
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