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Welcome to our June Newswire...

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

We operate a responsible email policy at Fish Partnership, so if you do not wish to receive further copies of this newswire, click here to unsubscribe.

Employers attempting to avoid auto-enrolment penalties could have assets seized

The Pensions Regulator (TPR) has announced that employers could have their businesses' assets seized to pay their debts if they fail to pay workplace pension fines.

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Twice as many workers receiving back pay through National Minimum Wage enforcement

According to HM Revenue & Customs (HMRC), the number of underpaid workers getting the money they are owed under the National Minimum Wage (NMW) legislation has more than doubled.

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Government Brexit redeployments to delay Making Tax Digital for Individuals

A number of key projects at HM Revenue & Customs (HMRC) have been placed on hold to make staff available for Brexit issues, including Making Tax Digital for Individuals.

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Replace Inheritance Tax with ‘lifetime receipts tax’, argues thinktank

With the issue of intergenerational fairness continuing to be high on the agenda, a thinktank has suggested that the Treasury returns to the drawing board when it comes to taxing bequests and inheritances.

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Ministers make an about-turn on tax haven transparency measures

In a reverse of its previous position, the Government has backed measures to increase the transparency of offshore tax havens.

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Vigilance urged as fraudsters fake security measures to access bank accounts

Businesses and individuals are being encouraged to redouble their vigilance as fraudsters fake security measures in order to gain the information needed to access and drain bank accounts of funds.

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‘Bank of Mum and Dad’ feels the squeeze

The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G).

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Key Dates

19 June 2018 – Deadline for postal payments remittance of PAYE, NICs and CIS to HMRC.

22 June 2018 – Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.

5 July 2018 – Deadline for PAYE Settlement Agreement (PSA) for 2017-18.

6 July 2018 – Deadline for filing forms P11 D, P11 D(b) for previous tax year and giving copies to employees.