Business News - August 2006

Lord Carter has revised his recommendations on bringing forward the personal tax return submission deadline.

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HMRC have announced new rates for journeys on or after 1 July 2006. These rates apply to company car drivers who are reimbursed for business miles driven.

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HMRC have advised employers with less than 50 employees who filed their end of year returns online for the year ended 5 April 2006 that they can deduct the £250 tax free compensation payment they are due from their next payment of PAYE.

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HMRC have published some guidance on age discrimination. HMRC’s 10 key points about age legislation and retirement are reproduced below. At the bottom of the article is the link to Employers’ Bulletin 23.

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The DTI have reviewed the current regulations on Sunday opening hours and have decided to leave them unchanged. The current rules, which have been in place for over 10 years, prevent large stores from opening for more than six hours on a Sunday. There are no restrictions on the opening hours for smaller shops.

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A survey by the Daily Telegraph has revealed that small businesses are looking to change their bank because they are no longer willing to put up with poor service and that they were shopping around for better deals.

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HMRC have been considering various ideas which might reduce time spent on enquiries and have announced that trials started in July.

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The Home Office has warned that analogue CCTV pictures are no longer good enough for the police to use in prosecutions. High quality digital images are now needed and retailers are being advised to update their systems accordingly.

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The Low Pay Commission (LPC) has been advised to consider the impact of any increase in the national minimum wage on small businesses, which is a change to the current remit of their considerations.

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