Posts From September, 2013

Charities to Benefit from Payroll Giving Changes 

Charities will be able to access Payroll Giving donations in half the time it currently takes, under government proposals aimed at encouraging greater use of the scheme.

The recommendations put forward by HMRC include cutting the time taken to process donations from 60 to 35 days and provision of a government-affiliated website where employees can check if their employer is signed up.

Cabinet Office minister, Nick Hurd, described the proposals as "useful steps" and part of a broader strategy to make it easier and more compelling to give.

The economic secretary to the Treasury, Sajid Javid, said: "Payroll Giving provides a unique way for employers to encourage and champion donations, and the government is committed to increasing the amounts raised through Payroll Giving."

The proposals came off the back of a consultation conducted by the Revenue earlier this year, which received 113 responses.

One of the respondents to the proposals was Payroll Giving in Action and director, Jeremy Colwill, said he "overall was delighted" with the government's recommendations.

"I love the fact that they're going to tell employers about Payroll Giving. The more people that know about it, the more people will give to charity.

"It is good that they're reducing the time taken to transfer money to the agencies and this could go further but it is a step in the right direction."

Posted by Gary Wilson Wednesday, September 18, 2013 1:08:00 PM Categories: Charities HMRC News

RTI 'Needless' Say SMEs 

Many small businesses are yet to see any benefit from Real Time Information (RTI), with a third deeming it "needless", a survey has found.

The poll of 2,000 small and medium enterprises (SMEs) by HW Fisher reveals that six months of getting to grips with RTI has left a significant number with negative experiences.

The accounting firm found that a quarter (23%) of respondents described RTI as "frustrating", while 31% thought the reforms were "needless" and almost half (46%) had enountered problems or were still trying to address those issues. 

While nearly a third (31%) of the SMEs said their view of RTI was positive, 39% of those polled admitted it had increased costs for their business with the majority (61%) seeing a rise of up to 5%.

Toby Ryland, a partner at HW Fisher & Company, said: "It's clear from our research that the move to RTI has caused many small businesses difficulties, during a time when they would have preferred to have been fully focused on the very rough trading environment faced by most firms."

 

Posted by Gary Wilson Wednesday, September 18, 2013 12:53:00 PM Categories: News RTI

Childcare Voucher Consultation Launched 

Payroll managers are being given the opportunity to shape government plans to reform the childcare vouchers scheme.

Chancellor George Osborne announced in this year's Budget plans for the new parental support scheme which would provide childcare costs for working families, of up to £1,200 per child.

A consultation has been launched, which has cross-governmental support - with HMRC and the Department for Work and Pensions (DWP) both involved - and includes a short, online survey.

Responses to the survey will influence the final design of the tax-free childcare vouchers.

The survey can be found here.

Posted by Gary Wilson Wednesday, September 18, 2013 12:46:00 PM Categories: News Tax
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