Monthly Archives for May, 2011

Reminders…

May 25, 2011
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This newsletter is also available on our website at www.curleco.com

If you would like your business featured on our website as ‘Business of the Month’ or would like us to share any important information or memorable events etc about your business or employees please contact Gareth Curle on 01236 822728.

Local Cleaning Firm Tackle Crime Scenes …

May 25, 2011
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Three sisters from Kilsyth have expanded their cleaning business to clear up the scenes of murders, suicides, drug dens and decompositions.

Curle & Co clients Maureen Johnston and her sisters Julie and Collette McHugh had to complete a training course in Bristol and gain their licence to start up the new venture.

The sisters set up Extreme Scene – Crime Scene and Trauma Cleaning last October and have been making contracts across Glasgow and are looking to expand further. Prior to the crime scene cleaning they had their own domestic cleaning business but were inspired to start their own crime scene cleaning business after becoming hooked on Taggart. They are now hardened to their gruesome tasks and think nothing of the job they do.

Congratulations…

May 25, 2011
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Congratulations to Kelly Johnston of K G Enterpriseswho gave birth to a baby girl called Maya Rose 11 days early on Friday 13th May weighing 7lb 13oz.

New Format of HMRC Investigations…

May 25, 2011
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HM Revenue & Customs are now increasingly raising “aspect” enquiries into Corporation Tax and Income Tax returns. This means that they will query one item or a small group of items in the accounts rather than starting a general tax enquiry into everything. In theory this should simplify and shorten the way that enquiries are dealt with. However, it remains to be seen if this will prove to be the case.

There are also an increasing number of cases where HMRC will contact the taxpayer or company directly to intimate that they are starting an enquiry. Previously we, as your agent, were always informed at the outset. Therefore it is important to let us know if HMRC do contact you directly – this could be in the form of a letter or a phone call. You may also wish to inform HMRC (politely) that your agent deals with all your tax affairs and suggest that they contact us with any queries.

Another new type of check is a Business Records Check. This is a pilot scheme running until July which will mainly focus on new businesses and will examine the types of records they are keeping. The main target of these checks is businesses operating predominantly with cash. Again, notice might only be given to the business itself and not to us as your agent so it is important to notify us if you receive any correspondence about such an enquiry.

Maternity & Paternity Leave Changes…

May 25, 2011
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From the 3 April 2011 statutory maternity, paternity and adoption pay will increase from £124.88 a week to £128.73 a weeks or 90 per cent of your average weekly earnings if that is less.

The same date also saw changes to maternity and paternity leave with the introduction of additional paternity leave for fathers with babies due on or after 3 April 2011. The additional paternity leave is for a maximum of 26 weeks and can be taken if the mother returns to work without taking all of her maternity leave and the child is over 20 weeks old and before their first birthday.

The employee will only receive additional statutory paternity pay (ASPP) during the time their partner would have been receiving statutory maternity pay

Under the previous legislation fathers were only entitled to two weeks paternity leave and mothers 52 weeks maternity leave, of which 39 weeks were paid.

Property Purchases to be tagged by HMRC…

May 25, 2011
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From the 1 April 2011 there are new forms, SDLT 1-4, to be used for reporting property purchases to HMRC. The new forms require that each lead purchaser will need to provide a unique identifier:

o - Individuals – their National Insurance numbers

o - Companies and Partnerships – their Unique Tax Reference (UTR) or VAT registration number

2011 Tax Return Penalties…

May 25, 2011
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The new penalty regime for late filing and late payment of Income Tax through Self Assessment was introduced in April 2011. The penalties for those who file & pay late will significantly increase:

•£100 if the return is one day late even if no tax is due or has been paid;

•£10 per day up to a maximum of £900 if the return is 3 months late;

•The greater of 5% of the tax due or £300 if the return is 6 months late;

•The greater of 5% of the tax due or £300 if the return is 12 months late;

•In very serious cases 100% of the tax due.


For the tax year 2010/11 (ending on 5 April 2011) you must file your tax return by 31 January 2012. You’ll usually have to make ‘payments on account’ of the current year’s tax. You’ll have to make two payments, one by 31 January 2011 and the other by 31 July 2011. Each payment is half of the tax due for the previous year.