Latest News

January 2012

2012-2013 statutory payment rates

HMRC have announced the following statutory payment rates which are due to take affect for 2012/2013. These rates are subject to Parliamentary approval and HMRC will confirm these rates before 1 April 2012.

Tax investigations insurance

Prime offers all our business and personal tax clients insurance against the cost of investigations by HMRC.

Capital allowances in enterprise zones

Following the Autumn Statement at the end of November 2011, more information is now available in respect of the proposal to give 100% first year allowances on plant and machinery expenditure for use in some Enterprise Zone areas.

Pensions Auto Enrolment

The Government has confirmed that pensions auto enrolment will commence in Autumn 2012 and all employers will remain within the scope of the rules.

Self assessment deadline fast approaching

HMRC are reminding taxpayers that the deadline for filing self assessment tax returns is fast approaching. According to their website:

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