HMRC have sent out a warning of a fraudulent email going around that advises taxpayers that HMRC have “approved them to receive monies”. They have advised that this is a fraudulent email that should be deleted. HMRC would never inform taxpayers of a rebate via email. We recommend... [More]

HM Revenue and Customs (HMRC) have made changes to their bank account details that contractors and Limited Companies use to make their VAT payments into. These changes are effective from 8 July 2009. If you make your VAT payment via Internet or Telephone banking, you will need to use the new... [More]

The government’s plan to increase the VAT rate back to its original 17.5% is likely to play out as planned. For contractors in the UK, this means they (or their Limited Companies), will have to revert back to charging their clients 17.5% VAT instead of the current discounted rate of 15... [More]

From 1 October 2009, the national minimum wage (or NWM) will increase as expected. The current minimum wage of £5.73 per hour, for adults 22 years and over, will increase to £5.80 per hour.  The rate for 18 to 21 year olds will increase from £4.77 to £4.83 per ho... [More]

Download a detailed pdf of the budget hightlights here.