Podcasts about hm revenue

Most employers now recognise that banning or detecting AI usage is more likely to damage diversity than help your process. But how exactly do you embrace AI? And how can you clearly communicate this with applicants? HMRC recently published, ‘Understanding Artificial Intelligence in your job application' for candidates, which provides clear guidelines on exactly how to use AI within the application process while also demonstrating how important it is for applicants to stand out, because ‘using a generic AI-generated response isn't going to separate you from the crowd”.Siobhan Stericker, Talent Insights and AI Lead at HM Revenue and Customs is the brains behind these new guidelines that are challenging the way that organisations view candidate usage of AI. Siobhan is responsible for leading an innovative team at HMRC who alongside these innovative guidelines are exploring how they can leverage GenAI within the whole of the talent acquisition process, while also upskilling the wider teams in their use of GenAI to improve efficiencies. She's joining us to talk through why and how she created this new guidance that's helping candidates understand what exactly responsible usage of AI is, and more importantly, the benefit for them of leaving generic responses behind. Join host Robert Newry and Siobhan as they discuss:

Send us a textEpisode 12 Season 2Another amazing guest joins the boy's and what a story he has to tell.Life in the Armed forcesSuicideComplex GreifAdjustment DisorderComplex PTSDTrevor Bygate, 48,  joins Martin and Patrick for an informal chat about his time in the Armed Forces and how he received the devastating news that his Daughter Chloe had taken her own life in 2014 when she was just 19.It led to him being medically discharged with complex post-traumatic stress disorder (PTSD) and he has used the experience to educate others of mental health.Trevor initially took several months off work, but it was not until 2019 that he was diagnosed with complex PTSD and medically discharged from the Army.He is keen to express his gratitude to the Royal British Legion, which helped him in his recovery after he left the armed forces.The charity, which provides financial, social and emotional support for those who are and have been in the armed forces, helped fund Chloe's funeral. He described its support as "first class".Trevor tells us how he received the devastating news whilst away on duty, how the Army supported him through this trauma, what happened to his mental health and how he made it through to today.Trevor now works as a mental health advocate for HM Revenue and Customs while also helping to give presentations on behalf of Papyrus (Parents' Association for the Prevention of Young Suicide)  - a charity dedicated to the prevention of suicide of young people.He is keen to break the stigma around mental health and show it is OK to talk about struggles, while educating others on the topic."I always say to myself, Chloe didn't die for nothing, she died for something and that's me making sure that this story gets out."One of Trevors outlets during his grieving process was running, sport and completing 6 Marathons raising thousands for charity. This has driven him on to where he finds himself today and finds himself selected for 2025's Invictus games in Canada."This year is 10 years since the Invictus Games started, it's 10 years since Chloe died, and I got the phone call to tell me that I was selected on 7 June - which is her 30th birthday.Trevor believes Chloe was looking down on him the day he found out he had been selected for the games.This is a truly amazing story from such an inspirational man.#Mediastinal Germ Cell Tumour#Prostate Cancer#Bronchiectasis#CharcotmarietoothDisease#Emphysema#The after life#Ghosts#Spirts#Ouija boards#Mediums#Psychics#Reincarnation#HeartTransplant#EbsteinsAnomaly#RareCondition#HealthJourney#LifeChangingDiagnosis#MentalHealth#Vulnerability#SelfCompassion#PostTraumaticGrowth#MedicalMiracle#BBCSports#Inspiration#Cardiology#Surgery#Podcast#Healthcare#HeartHealth#MedicalBreakthrough#EmotionalJourney#SupportSystem#HealthcareHeroes#PatientStories#CardiologyCare#MedicalJourney#LifeLessons#MentalWellness#HealthAwareness#InspirationalTalk#LivingWithIllness#RareDiseaseAwareness#SharingIsCaring#MedicalSupport#BBCRep#bbcupload#papyrusCheck out our new website at www.whostomanddick.comhttps://www.papyrus-uk.org/https://www.invictusgamesfoundation.org/Check out our website at www.whostomanddick.com

Kevin and Kieran discuss the news that PGMOL, the body that oversees refereeing in England, has lost a Supreme Court battle with HM Revenue & Customs over whether part-time officials should be classed as employees, and find out why Manchester United posted a loss of £113m for last season. COVERED IN THIS EPISODE: - PGMOL - Everton - Crystal Palace - Manchester United - Reading FC - Hearts - Rangers - Dundee United - FC Porto - Sheffield Wednesday Follow Kevin on X - @kevinhunterday Follow Kieran on X - @KieranMaguire Follow Producer Guy on X - @guykilty Follow The Price of Football on X - @pof_pod Send in a question: questions@priceoffootball.com Support The Price of Football on Patreon: https://www.patreon.com/priceoffootball Check out the Price of Football merchandise store: https://the-price-of-football.backstreetmerch.com/ Visit the website: https://priceoffootball.com/ For sponsorship email - info@adelicious.fm The Price of Football is a Dap Dip production: https://dapdip.co.uk/ contact@dapdip.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode of Tax Bytes for Expats, I had the pleasure of speaking with Mel Morgan from UKStatePensionAbroad.com. Mel and his wife, Martha, specialize in helping people maximize their UK state pension benefits as appointed agents of HM Revenue and Customs, even if they've left the UK years ago. We discuss how those with previous employment in the UK can top up their pension contributions and potentially boost their retirement income by thousands per year. Mel walks us through the simple but crucial process of determining eligibility, applying for back payments, and making sure everything is optimized to ensure the best outcome.This episode is a must-listen for anyone who's worked in the UK and wants to understand how they can benefit from the UK's state pension system, even if they're living abroad. Whether you've spent just a few years in the UK or worked there long ago, there's still time to act and secure this valuable pension opportunity.What is discussed in this episode:UK State Pension Eligibility: You need at least three consecutive years of employment in the UK to qualify for a UK state pension, regardless of how long ago you worked there.Class 2 vs. Class 3 Contributions: Most people can buy back years at the more affordable Class 2 rate, costing around £165 per year. Failing that, Class 3 contributions are still a great investment, albeit at a higher rate.Double Pension Benefits: You can receive both UK and Irish state pensions for the same years worked, as they are treated separately, similar to additional voluntary contributions (AVCs).Time Sensitivity of Applications: The window to top up your UK pension contributions closes on 5 April 2025 (with caveats) but Mel's team may stop accepting applications by November 2024 to manage demand, so submit your request quickly!Seek Expert Advice: Working with an expert like Mel can ensure your application is optimized for success, helping you avoid costly mistakes and navigate the complexities of dealing with UK Revenue and HMRC.Contact Mel Morgan:Email: info@ukstatepensionabroad.comWebsite: https://ukstatepensionabroad.com/*****If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.Mentioned in this episode:Special Offer from our Trusted Partner, Currencies DirectThis episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months...

In this episode, we delve into the MAJOR importance of financial literacy and education. We explore income tax, National Insurance contributions and highlight the benefits of employer schemes like pensions. Key Points: Start financial education with an understanding of income and taxes. Recognise the distinction between income tax and National Insurance contributions. Knowing your tax bracket aids in financial planning. Explore employer benefits like pensions for long-term financial security. Utilise workplace pensions for employer contributions and tax benefits. Resources: Book a Power Hour: https://programs.thewealthconversation.com/power-hour LinkedIn: https://www.linkedin.com/in/tsitsi-mutiti-chartered-fcsi/ The 100-Year Life: Living and Working in an Age of Longevity - https://amzn.eu/d/4PY821o Gov.uk website: https://www.gov.uk/ The Money Helper website: https://www.moneyhelper.org.uk/en Facebook: https://www.facebook.com/thewealthconversation Instagram: https://www.instagram.com/thewealthconversation/ Guest Links: Funmi Olufunwa's Linkedin: https://www.linkedin.com/in/funmi-olufunwa-hoops-finance/ Funmi's Instagram: https://www.instagram.com/hoops_finance/ Email: Hello@hoopsfinance.com HM Revenue & Customs (HMRC) National Insurance Contributions Calculator

Some people who have been defrauded out of some or all of their pension fund are now being chased by HM Revenue & Customs for tax on money they no longer have. They were persuaded by advisers to cash in their pension and invest it in schemes that promised big returns. In fact they were often fake and some or all of their money disappeared. But HMRC is demanding tax on this missing money because they cashed in their pension too early. A campaign group based in Parliament is calling for a change in the law to protect them from what it calls the largest tax scandal in British history. In response, HMRC told Money Box “We do not tax pension savings lost to fraud. What we do tax are amounts that people release, or attempt to release, from their pensions where not authorised in law. It is our responsibility to collect the tax people legally owe and maintain a fair tax system for all. We sympathise with people who may have lost money by entering such arrangements and handle these situations on a case by case basis. We take the wellbeing of all taxpayers seriously and do everything we can for those who engage with us to get their tax affairs in order, including by offering affordable payment plans.”As temperatures hit a new low this week one charity is nearly doubling the size of the vouchers it gives to those who can't keep warm. We'll speak to the Fuel Bank Foundation which helps people on prepayment meters manage their bills.A record number of people will need to re-mortgage this year - are the choices getting any better?And all you need to know about filing your self assessment form.Presenter: Paul Lewis Reporters: Dan Whitworth and Tamzin Kraftman Researcher: Jo Krasner Editor: Jess Quayle(First broadcast 12pm Saturday 20th January 2024)

Hello, and welcome to episode 94 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. It is yet another busy week for financial crime. A range of stories across the whole of financial crime, with sanctions, money laundering, bribery, and cyber-attack news. In sanctions, there is some heavy focus on oil and Iran. In money laundering, a new economic crime agency in the UK focussed on money laundering in the environmental context. On bribery, more allegations of public sector corruption. Lots to get into, so let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Centre for Research on Energy and Clear Air, Evading the sanctions: UK imports EUR 660 mn of oil products made from Russian crude.European Affairs Committee, Call for UK and EU to continue support for Ukraine, and sanctions on Russia.European Affairs Committee, The Ukraine Effect: The impact of Russia's invasion of Ukraine on the UK-EU relationship (Report).European Securities and Markets Authority, ESA's Joint Board of Appeal confirms ESMA's decision to withdraw the recognition of Dubai Commodities Clearing Corporation.European Securities and Markets Authority, Requirements when posting investments recommendations on social media.European Securities and Markets Authority, Warning: For people posting Investment Recommendation on social media.Financial Conduct Authority, Reducing and preventing financial crime.Financial Conduct Authority, Market Watch 76.Financial Crimes Enforcement Network, FinCEN Proposes Rule to Combat Money Laundering and Promote Transparency in Residential Real Estate.HM Revenue and Customs, High value dealer guidance for money laundering supervision.HM Revenue and Customs, Number of live Corporate Criminal Offences investigations.National Crime Agency, SARs Reported Booklet: February 2024.National Cyber Security Centre, QR Codes - what's the real risk?Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, OFSI General Licence INT/2023/2711256.Office of Financial Sanctions Implementation, OFSI General licence - INT/2022/2009156.Office of Financial Sanctions Implementation, Russian Oil Services ban (Updated).Office of Foreign Assets Control, Treasury Sanctions Transnational Procurement Network Supporting Iran's Ballistic Missile and UAV Programs.Office of Foreign Assets Control, Treasury Sanctions Actors Responsible for Malicious Cyber Activities on Critical Infrastructure.Spotlight on Corruption, Regulators failing to hold senior executives to account for economic crime, new analysis reveals.Spotlight on Corruption, Power Without Responsibility: The state of senior executive accountability for economic crime in the UK today.UK government, Ensuring crime doesn't pay: New Economic Crime Unit to tackle money laundering and carry out financial investigations.UK government, Economic crime survey 2024.UK judgments, AerCap Ireland Ltd v AIG Europe SA & Ors [2024] EWHC 144 (Comm).US Department of Justice, Justice Department Announces Terrorism and Sanctions-Evasion Charges and Seizures Linked to Illicit, Billion-Dollar Global Oil Trafficking Network That Finances Iran's Islamic Revolutionary Guard Corps and Its Malign Activities.US Department of Justice, United States Unseals Civil Forfeiture Complaint for Seizure of Iranian Oil.US Department of Justice, U.S. Attorney Announces Terrorism And Sanctions-Evasion Charges Against Leaders Of A Billion-Dollar Oil Laundering Network Orchestrated By Iran's Islamic Revolutionary Guard Corps.US Department of Justice, Three Men Charged with Running Hawala Scheme Responsible for Illicitly Moving more than $65 Million Between the United States and the Middle East.US Department of Justice, 70 Current and Former NYCHA Employees Charged with Bribery and Extortion Offenses.US Department of the Treasury, Treasury Publishes 2024 National Risk Assessments for Money Laundering, Terrorist Financing, and Proliferation Financing.World Health Organisation, WHO reports outline responses to cyber-attacks on health care and the rise of disinformation in public health emergencies (press release).World Health Organisation, Examining the threat of cyber-attacks on health care during the COVID-19 pandemic.

National Insurance will be cut for millions workers from today. It'll be cut from 12% to 10% - the lowest main rate for more than twenty years. The government says this cut will save an employee on average earnings around £450 a year. However, some experts including the Office for Budget Responsibility say that gain is far less than the cost of freezing personal tax allowances from 2021 while wages rose. What will it mean for you?A new set of regulations designed to help victims of fraud should see up to 90% of them get the money stolen from them refunded by their banks. That's according to Chris Hemsley, who runs the Payment Systems Regulator. He says he hopes the change will encourage the industry to do even more to stop fraud from happening in the first place. HM Revenue and Customs says it will only take what it calls 'priority calls' on its Self Assessment helpline ahead of the 31st January tax deadline - sending everyone else to its online services. How will that work in practice?And what parents of small children need to do to apply for the new 15 hours of free childcare.Presenter: Paul Lewis Reporters: Dan Whitworth, Sandra Hardial and Eimear Devlin Editor: Jess Quayle (First broadcast 12pm Saturday 6th January 2024)

In Episode 46, Caroline Garnham talks to Sir Edward Troup, a British tax lawyer and former civil servant at HM Treasury and then HM Revenue and Customs. He spent two periods as a tax partner at the City of London law firm Simmons & Simmons from 1985 to 1995 and 1997 to 2004. Caroline was a partner and head of the Simmons & Simmons private client department during this time. Edward was special adviser to Kenneth Clarke when he was Chancellor of the Exchequer, and from 1995 to 1997, he was head of the tax policy teams in 2004. He was knighted in the 2018 Honours list for his services to tax.   CONNECT WITH EDWARD: ⁠⁠⁠LinkedIn⁠ ⁠X (Twitter)⁠   CONNECT WITH CAROLINE: Our club ⁠⁠⁠⁠⁠newsletter⁠⁠⁠⁠⁠ gives you real-life stories and examples of how our club professionals can guide you on ‘How to Keep Your Money' ⁠⁠⁠⁠⁠Caroline's Club⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠ caroline@carolines.club

It was a content team special on this week's episode of The MadTech Podcast - ExchangeWire's research lead Mat Broughton and editorial lead Mariam Ahmad join head of content John Still to discuss Amazon's ad-tier Prime Video service; New York Times sueing OpenAI and Microsoft for copyright infringement; and, the UK government's new policy requiring e-commerce platforms to report user earnings to HM Revenue.

In diesem Video erklärt dir Sebastian, warum Bernie Ecclestone eine Haft erspart blieb, obwohl einen Steuerbetrug in Höhe von 500 Millionen Euro vor Gericht gestand. Bernie Ecclestone, ehemaliger Geschäftsführer der Formel 1, wurde vor kurzem wegen Steuerhinterziehung in Großbritannien verurteilt. Er hatte vor Gericht zugegeben, eine Trust-Struktur in Singapur genutzt und dabei gegen Steuergesetze verstoßen zu haben. Der 91-jährige Ecclestone wurde zu einer bedingten Haftstrafe von 17 Monaten verurteilt. Ecclestone hat außerdem einen zivilrechtlichen Vergleich mit HM Revenue and Customs (HMRC) vereinbart, wonach er rund 750 Millionen Euro an Steuern, Zinsen und Strafen für 18 Steuerjahre zwischen 1994 und 2022 zahlen wird, sagte Staatsanwalt Richard Wright. Ecclestone hatte in Singapur eine Stiftung gegründet, um nicht deklariertes Vermögen im Wert von rund 500 Millionen Euro zu verwalten. Die britischen Behörden werfen ihm vor, dass er durch die Stiftung seine Einkommensteuerpflicht in Großbritannien umgangen hat. Ecclestone hatte die Vorwürfe stets bestritten und betont, dass er sich nichts vorzuwerfen habe - doch dann kam sein spektakuläres Geständnis. Der Fall Ecclestone gilt als einer der größten Steuerhinterziehungsfälle in der Geschichte Großbritanniens und hat für viel Aufsehen gesorgt.

This week the team talk about money, finance, 'fintech' stuff and the products we use: Rafe's been using 'helpful' tools including HM Revenue and Customs' app to manage his tax and NS&I's app to check for Premium Bond wins. He's also tried the 'green' debit card Tred. Ewan's also been big on Open Banking for money management trying Plum to setup rules and games to encourage saving. [Rafe says "also look at similar apps like Emma and Snoop"]. Ben still uses You Need a Budget and virtual debit cards from Monzo. He's also using Monzo's built-in 'round-up' feature to save 'passively'. He's also using Chip which offers a (sort of) savings product marketplace. The team wonder where 'the Monzo of credit cards' is and question if 'buy now, pay later' is the same thing, talk about mortgages for a bit, and consider if 'packaged bank accounts' are popular again. Get in touch! Let us know your thoughts or topics you'd like to hear about in future via the website (https://www.361podcast.com/), Twitter (https://twitter.com/361podcast) (if you must) or Mastodon (https://mastodon.social/@361podcast) (preferred).

When it comes to HM Revenue & Customs, it's safe to say that many business owners and accountants have become well-acquainted with chaos. The push for a digital tax system has left some waiting months to receive basic tax information - and following a This is Money investigation, where we spoke to someone inside the madness, we have received an avalanche of taxman woe. This week, Angharad Carrick, Tanya Jefferies, Lee Boyce and Georgie Frost reveal what's been going on - and whether customer service has become worse. Meanwhile, being an executor is a great responsibility - and it can be a nightmare. Stephen Gold is a retired judge and author who recently acted as executor for his beloved late aunt. The process eventually saw him force a string of banks, finance firms and institutions pay compensation for unacceptable errors and delay. His torrid experience led him to produce a three-part series and we talk about why companies must get the bereavement service right. We saw the 14th rate rise on the bounce from the Bank of England this week. It's up to 5.25 from 5 per cent and expectations are for another rise or two to come this year before the MPC stop turning the screw. But have any of the rises helped with inflation? And what will this mean for savings and mortgage rates? And finally, where do you stand on the great plastic lawn debate? A recent survey suggests that a quarter of people want it banned. But why?  

Are you missing out on money that you could reclaim from the tax office? Employed nurses and other members of the nursing team can claim a refund from HM Revenue and Customs on many work-related expenses. This includes for costs around washing uniforms if employers don't offer this service, for professional fees, union subscriptions and for journals such as Nursing Standard, and also for mileage if not covered by employers. In this episode, Clare Merrills, a spokesperson for the HMRC, explains what nurses can claim and how to go about getting it back. With the average claim for work-related expenses coming to £125 per tax year, it is well worth doing, she says. But too many people use an agent to make their claim who can take big cuts from payments awarded. These companies can take 50% or more from the sum that nurses are entitled too, HMRC says. Ms Merrills tells journalist and podcast host Erin Dean it is simple for nurses to claim themselves and explains how individuals can go about doing it. ‘It's highly likely you are entitled to a claim this extra allowance and it is really straightforward to do it,' she says. ‘If you're entitled to it, get it in your pocket.'For more episodes of the Nursing Standard podcast, visit rcni.com/podcast Hosted on Acast. See acast.com/privacy for more information.

Are you missing out on money that you could reclaim from the tax office? Employed nurses and other members of the nursing team can claim a refund from HM Revenue and Customs on many work-related expenses. This includes for costs around washing uniforms if employers don't offer this service, for professional fees, union subscriptions and for journals such as Nursing Standard, and also for mileage if not covered by employers. In this episode, Clare Merrills, a spokesperson for the HMRC, explains what nurses can claim and how to go about getting it back. With the average claim for work-related expenses coming to £125 per tax year, it is well worth doing, she says. But too many people use an agent to make their claim who can take big cuts from payments awarded. These companies can take 50% or more from the sum that nurses are entitled too, HMRC says. Ms Merrills tells journalist and podcast host Erin Dean it is simple for nurses to claim themselves and explains how individuals can go about doing it. ‘It's highly likely you are entitled to a claim this extra allowance and it is really straightforward to do it,' she says. ‘If you're entitled to it, get it in your pocket.'For more episodes of the Nursing Standard podcast, visit rcni.com/podcast Hosted on Acast. See acast.com/privacy for more information.

Aidan Larkin is the co-founder and CEO of Asset Reality, the first end-to-end solution for complex asset recovery. Aidan was a former criminal tax inspector for HM Revenue & Customs in the UK and the world's first seized crypto auctioneer. He was featured in The Economists film ‘Tracking the Traffickers' and BBC One's ‘Ill Gotten Gains' series. This episode is hosted by Scott Hartley, co-founder and general partner of Everywhere Ventures (previously The Fund). In this interview, Scott and Aidan discuss the art and science of recovering digital assets. Discover how the IRS has recovered more in digital assets than the entire US law enforcement effort, and how a single Bitcoin seizure by the Metropolitan Police in London was worth more than the entire country's known digital assets! Listen for the factors making it conducive for a country to adopt new forms of payment and also be more susceptible to asset scams. Plus a few tidbits about Aidan's background that makes him well-suited to his endeavor. If you liked this episode, be sure to subscribe to Venture Everywhere and give us a rating wherever you found us. To learn more about our work, visit Everywhere.vc and subscribe to our Founders Everywhere Substack. You can also follow us on LinkedIn and Twitter for regular updates and news.

Understanding the Role of National Insurance in Your UK State Pension is key to making informed decisions about your financial future. National Insurance is used to calculate your State Pension and affects how much you receive.Getting the full State Pension means you must have paid or been credited with at least 10 years of National Insurance contributions. Furthermore, if you do not have the full 10 years, you may still be eligible for a reduced amount.What is National Insurance?National Insurance is a tax that UK workers pay to contribute to the country's social security system. It is paid by employees through PAYE or paid directly if you are self-employed. The amount of National Insurance you pay is based on your earnings, and there are different rates depending on your income.What is the State Pension?The State Pension is a payment that the UK government provides to people who have reached the age of retirement. Moreover, the amount of your State Pension depends on your National Insurance contributions. The more National Insurance you pay, the more you get in State Pension benefits. Worth noting that the current State Pension age is 66, but will increase to 68 by 2046.How to Top Up Your National Insurance Contributions?Where there are gaps in your National Insurance record, you may be able to pay to fill them in. Do this by making voluntary National Insurance contributions. Given that, top up your National Insurance contributions to increase your State Pension benefits. Moreover, make voluntary contributions if you are employed, self-employed, or not working.Gaps in your National Insurance recordGet a State Pension forecast which will tell you how much State Pension you may get. Apply for a National Insurance statement from HM Revenue and Customs to check if your record has gaps.You tube channel – I Hate NumbersWhy not take advantage of my I Hate Numbers channel – with exclusive weekly video content to help you reach and exceed those all-important targets. Don't forget to subscribe, so that you can join countless others who have achieved huge successes by following my tips and tutorials. Together, we'll make the numbers work for your business!And if you're still feeling lost or don't know where to start, I Hate Numbers and our team at Numbers Know How will help get your business through these trying times and into a bright future ahead.So, what are you waiting for? Get in touch with us to help make your life easier and stress free. Contact us if you need help figuring out and sorting your numbers, creating your future

Finally, the truth is coming out: Tory minister Nadhim Zahawi has admitted reaching a tax settlement with HM Revenue and Customs over a supposed 'error' worth million. Even more remarkably, he negotiated the settlement when he was Chancellor of the Exchequer. What on earth is going on, what's the truth - and what does it tell us about our broken tax system? Tax expert Richard Murphy joins us to explain all.As the anti-trans moral panic escalates with the showdown over Scotland's reform of the gender recognition process, we're joined by trans writer, vlogger and activist extraordinaire Katy Montgomerie.Plus: with horrific news that dozens of child asylum seekers have been abducted by gangs, we talk to anti-trafficking social worker Lauren Starkey.Support this show http://supporter.acast.com/the-owen-jones-podcast. Hosted on Acast. See acast.com/privacy for more information.

Mick Connolly is the Head of IT Innovation for HM Revenue and Customs in the UK. He chats with guest host Steve Barr about using technology to reach your goals, and the importance of innovation in tax and customs operations. Steve Barr [host] | LinkedIn  Mick Connolly [guest] | LinkedIn HM Revenue & Customs Learn more about how Microsoft supports Public Finance organizations Microsoft Public Sector Center of Expertise for more information and transcripts of all episodes Discover and follow other Microsoft podcasts at aka.ms/microsoft/podcasts

Kevin and Kieran analyse the news that the Premier League is set to stage a pre-season tournament in the US, and find out why a winding-up petition has been issued to Southend United by HM Revenue & Customs. The next Price of Football live show will take place at Plymouth's Home Park on Tuesday December 13th. A few tickets are still available - get them here! https://www.eticketing.co.uk/pafc/Events Follow Kevin on Twitter - @kevinhunterday Follow Kieran on Twitter - @KieranMaguire Follow The Price of Football on Twitter - @pof_pod Support The Price of Football on Patreon: https://www.patreon.com/priceoffootball Check out the Price of Football merchandise store: https://the-price-of-football.backstreetmerch.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

UK regulator, OFCOM, has hiked the energy cap which means average UK household energy bills are set to rise by up to 80% from 1 October.  The Government has announced that all households in England, Scotland and Wales will receive £400 to help with rising fuel bills this autumn. The payment will appear as a credit on your energy bill. Landlords who include utility bills in houses in multiple occupation will still be eligible for these payments.  See also: 100,000 Join ‘Don't Pay' group  YouTube episode -  https://youtu.be/L2yOcmIFxDw The increased outgoings could also affect how much you will be able borrow to buy your home. Here are some changes to mortgage affordability calculations made by lenders that you need to be aware of if you are applying for a mortgage home loan in the UK. Recent changes means lenders will add another layer to mortgage affordability checks used to calculate how much they can lend to borrowers. In future, they will not just look at your income but will also take into account at all of your outgoings, which means you may not be able to borrow as much as you need.  Lenders are expected to amend the rules for benefit claimants to allow them to have their benefit payments assessed as part of the mortgage application.   House sales peak in July HMRC figures show but buyers are cautious Following the recent Halifax report, official figures show that more homes were sold in the UK in July than in any other month this year, but agents report that buyers are showing more caution. Due to cost-of-living pressures and lower mortgage advances, buyers are increasingly negotiating for a lower price. HM Revenue and Customs data showed that 110,970 properties were sold in the UK during the month - the highest since September. Consistent monthly sales of around 100,000 this year show that demand remains comparatively strong, but there are signs that the squeeze on budgets caused by rising prices and bills were having an effect. Sales in July were still 33% higher than the same month last year and 7.2% higher than June, HMRC said. Nathan Emerson, chief executive of the estate agents' trade body Propertymark, told the BBC: "These figures show the housing market remains stable with transactions up month-on-month, year-on-year and well above pre-pandemic levels. "The cost of living is still rising and we are seeing evidence of buyers negotiating harder, bringing price increases down. But our data from member agents shows the demand remains strong and that there with not enough stock to go round with the number of new potential buyers seven times higher than new homes coming to the market." US President Joe Biden is cancelling billions of dollars of federal student loans.  Mr Biden has just announced he will cancel up to $10,000 (£8,500) in federal student loans for millions of Americans who earn less than $125,000 each year. The cost is expected to exceed $300 billion and further add to the multi-trillion dollar US debt mountain. Generate a second income stream… Find out more about property investing – even if you have no money. You can learn the secrets of professional property investors who have built huge portfolios with other people's money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry's top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season's work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr   #property #freetraining #propertysecrets #money #banks #savemoney #buytoletinvestor #propertyinvestor #energy bills #mortgagesSee omnystudio.com/listener for privacy information.

Linda shares her story and retirement experiences. From unconscious bias to thermal underwear, this episode is guaranteed to leave you thinking about your financial future in a different way. Linda is a former civil servant who worked for 45 years at HM Revenue & Customs before retiring in 2019. Her retirement story is unique, and she gives us a lot of food for thought about planning for our own financial futures. From studying for a degree and volunteering at Southwark Cathedral, to navigating the unconscious bias in society as a post-menopausal woman, it's clear that Linda's retirement years are proving to be the best ones yet, and many of the things she's doing are made possible because of her Civil Service pension.She also shares some words of wisdom for members approaching retirement about how to mentally prepare for one of the biggest lifestyle changes you'll ever experience, and how it's never too early to start thinking about your retirement - even if you're in your 20s and 30s.   Find out more at civilservicepensionscheme.org.uk/podcast See omnystudio.com/listener for privacy information.

House sales peak in July as energy bills set to rise by 80% in October UK regulator, OFCOM, has hiked the energy cap which means average UK household energy bills are set to rise by up to 80% from 1 October. The Government has announced that all households in England, Scotland and Wales will receive £400 to help with rising fuel bills this autumn. The payment will appear as a credit on your energy bill. Landlords who include utility bills in houses in multiple occupation will still be eligible for these payments. See also: 100,000 Join ‘Don't Pay' group YouTube episode - https://youtu.be/L2yOcmIFxDw The increased outgoings could also affect how much you will be able borrow to buy your home. Watch videoversion - https://youtu.be/IvzKs3n2C6U House sales peak in July HMRC figures show but buyers are cautious Following the recent Halifax report, official figures show that more homes were sold in the UK in July than in any other month this year, but agents report that buyers are showing more caution. Due to cost-of-living pressures and lower mortgage advances, buyers are increasingly negotiating for a lower price. HM Revenue and Customs data showed that 110,970 properties were sold in the UK during the month - the highest since September. US President Joe Biden is cancelling billions of dollars of federal student loans. Generate a second income stream… Find out more about property investing – even if you have no money. You can learn the secrets of professional property investors who have built huge portfolios with other people's money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry's top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOINTHE LIVE ONLINE EVENT https://bit.ly/3DlSlCL The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season's work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your financesand learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr #property #freetraining #propertysecrets #money #banks #savemoney #buytoletinvestor #propertyinvestor #energy bills #mortgages #secondincome #financialfreedom #energycrisis #energypricecap

In this episode of Understanding Crypto, Paul Abercrombie and James Burtt discuss crypto taxation methods around the world. Paul and James believe that this topic is relevant for the re-education of investors and potential investors amidst the fragile market. They highlight various strategies implemented by governments globally in an attempt to either incentivise or censor crypto use. James observes that though “crypto by its very nature is decentralized, every country is treating it very differently." Crypto-friendly countries are listed alongside countries with restrictive taxation practices.  Crypto-Friendly Countries James rates the top ten crypto friendly countries or tax havens; these include Germany, Belarus, Portugal, Singapore, and El Salvador. "You won't pay any tax if you're a crypto investor and you're earning an income from crypto related activities,” he says of these crypto-friendly countries. “You will not pay a penny in tax if you live in one of these countries." As expected, tax removal is a powerful incentive to stimulate blockchain innovation and expertise on a geopolitical level. On the other hand, countries such as France, the Netherlands, and Japan have the most restrictive taxation practices. [Listen from: 3:49]   Taxable Income Types Paul lists the major crypto-based taxable income types recognized by most countries. These are, he says, "Number one: getting paid in crypto; number two: mining crypto; number three: staking crypto; and number four: earning interest on crypto." James adds that cryptocurrency could be taxed in both the digital space and within the tangible fiat market. When you stake crypto on the Anchor platform, for example, you get staking rewards. “Although it's not classed as interest and it's not paid as interest, it's viewed as a type of income," he points out. As such, it becomes taxable. Taxation can also happen after the liquidation process. "The moment you liquefy those assets and bring them back into pounds and exit the crypto market, bringing fiat currency back into your UK bank account, you'll be paying tax," Paul tells listeners. In the UK, tax laws continue to evolve, as seen with HM Revenue and Customs' announcement that crypto would be treated as any other form of equity, and investors can offset crypto losses against future gains. This announcement is a glimmer of hope for crypto investors who are struggling in the aftermath of the crash. [Listen from: 8:54] Tax Havens Crypto taxation is viewed differently across the globe as sovereign countries employ a variety of strategies from restrictive to lenient. According to James and Paul, Germany ranks near the top of the list of crypto-friendly countries. Germany recognises cryptocurrencies as private money and not as capital assets. Consequently, crypto held for 12 months can be liquidated tax free. Staking is also encouraged through tax free incentives, but only after a 10 year hold. Similarly, Belarus has tax exemptions for both corporate and individual crypto-based investments until 2023. James says that in countries such as the Cayman Islands, El Salvador, and Portugal, you don't pay any tax. In some of these countries, crypto is not even considered an investment income, so crypto trading is also tax free. [Listen from: 14:00] Key Takeaways Tax exemptions are a powerful incentive to stimulate blockchain innovation. Countries such as the Cayman Islands, El Salvador, and Portugal are tax havens for crypto investors. Resources  James Burtt on Twitter | LinkedIn | Instagram | Clubhouse Paul Abercrombie on Website | Twitter | LinkedIn | Instagram  Koinly.io

The Government announced plans this week to impose more regulation on firms where people legally buy and sell bitcoin. One major crypto platform where people do this is called Kraken - which is where 77-year-old Graeme moved more than half a million pounds which thieves then stole. Graeme was robbed of his savings, his car, and his house by thieves who manipulated him to buy cryptoassets. We hear from Curtis Ting, a Managing Director of Kraken. In an extreme case of council tax arrears, we hear from Robert who has just received his first council tax bill after 24 years living in the same house. The London Borough of Barnet is demanding more than £30,000 in arrears. So what's going on? And does Robert have to - finally - cough up? We hear from barrister Alan Murdie who specialises in council tax, and edits the Council Tax Handbook for the Child Poverty Action Group. Thinking of claiming a Working From Home tax rebate? Listen to this first. HM Revenue & Customs has told Money Box it will be launching a consultation this year to find new ways to tackle repayment agents who charge people for claiming routine tax rebates which they could claim free themselves. If you go via an agent, it could take half your pay out in fees. Money Box reporter Dan Whitworth investigates, and we also hear from technology journalist David McClelland. Presenter: Paul Lewis Producer: Paul Waters Reporter: Dan Whitworth Researcher: Marianna Brain Production Coordinator: Janet Staples Editor: Emma Rippon

The world has seen an incredible amount of disruption over the last two years, and every single sector has been impacted, including Talent Acquisition. In order to thrive, leaders in TA have had to ride these troublesome waves and think strategically about how to best acquire and retain talent in an atmosphere of uncertainty and constant change. Our guest this week brings a rather unique perspective to this discussion. Having previously worked in the private sector for the majority of his career, Andy Headworth is now the Deputy Director of TA at HM Revenue & Customs. We'll chat about the differences between recruiting in the public versus private sectors, how closed borders in the UK have forced Talent Acquisition to maximize home talent, and the importance of training and development when looking to solve future skills shortages. News articles: https://theundercoverrecruiter.com/remote-cross-border-hiring/ https://www.reuters.com/world/uk/uk-hiring-growth-slows-march-due-worker-shortages-recruiters-say-2022-04-08/

As a finance professional, you are often required to provide financial information to people who are not finance professionals. This can be a challenge. It is important to communicate the information in a way that is easy for non-finance leaders to understand. In this podcast, Asif Ahmed, author of The Finance Playbook for Entrepreneurs joins host Kevin Appleby. We discuss the issues involved in providing financial information to the entrepreneur and the rest of the business leadership team One of the challenges of providing financial information to non-finance leaders is that they may not have the same level of understanding of finance concepts as you do. This can make it difficult to communicate the information in a way that is easy for them to understand. One way to overcome this challenge is to use simple, clear language when explaining finance concepts. Another challenge is making sure the rest of the team understands what financial information is important and what isn't. Asif and Kevin spend time talking about cash vs profit, and the need to understand some financial numbers that aren't immediately obvious from the profit and loss account. This includes customer acquisition cost, customer lifetime value, and that often 20% of customers generate 80% of the profit. Asif Ahmed is the founder and managing director of Acclivity Advisors and co-founder of The Finance Department. He is also group CFO at Labrys Group and an advisory board member at HM Revenue & Customs. Links The Finance Playbook for Entrepeneurs on Amazon UK and Amazon USAThe GrowCFO Competency FrameworkAsif Ahmed on LinkedinKevin Appleby on Linkedin Timestamps 00:43 What does The Finance Department do? 03:27 Communicating financial information to early-stage entrepreneurs 06:23 What information does an early-stage entrepreneur need? 08:47 Information needed for raising funds 10:08 Covid-19: Bootcamp for learning the financial basics 12:15 You can't manage the business using historic data 13:47 Financial vs non-financial data 16:56 Understanding lead generation and the cost of customer acquisition 21:13 Customer lifetime value 24:00 What else do entrepreneurs need to understand? 27:53 Cost of retaining an existing customer vs cost of acquiring a new customer 29:21 Understanding product costs and the tendency to over cost the simple and under cost the complex. 31:40 What's the right time for a startup business to employ its first CFO? 37:05 The importance of instilling the right financial culture and practices 41:06 If 20% of your customers produce 80% of the profit, do you know which customers make up this 20%?

The UK tax authority has seized three Non-Fungible Tokens as part of a probe into a suspected VAT fraud involving 250 alleged fake companies. HM Revenue and Customs say three people had been arrested on suspicion of attempting to defraud it of £1.4m. The authority says it was the first UK law enforcement to seize an NFT. NFTs have been touted as the digital answer to collectables, but plenty of sceptics fear they're a bubble waiting to burst.

We're bringing you more videos as soon as we can!Our second episode is with the brilliant Sham Chaudhry.Sham is a private investor and buyer of profitable accountancy practices. He also acts as a consultant for HM Revenue & Customs. Looking to exit or sell your business? This is your guy.This week with Kelli, they will be discussing niching, specialising and what Sham loves about his job.Learn more about Sham Chaudhry on LinkedIn: Sham Chaudhry | LinkedInLearn more about Kelli Doorne on LinkedIn: Kelli Doorne | LinkedIn

With nearly 11m people in the UK set to file their tax returns by January 31, are you dreading the annual nightmare - or have you already got it licked? In this bonus episode of Money Clinic, we answer all of the questions about tax returns that you wanted to ask. With more people starting side-hustles and small businesses during the pandemic, how much extra income do you need to earn before you have to submit a return?Presenter Claer Barrett discusses how apps can make the whole process easier, and whether it pays to get an accountant. Plus, she explores how freelancers can legitimately reduce their bills by claiming tax-deductible expenses, or negotiate extra time to pay. Jacquetta Brown, tax specialist at HM Revenue & Customs, and chartered accountant Deborah Edwards, who runs the money mentoring programme Raised Up Finance, are on hand to demystify the jargon and pinpoint sources of help.If you would like to be a guest on the next season of the show, email the podcast team money@ft.com or follow Claer on Twitter and Instagram @Claerb.You can follow Deborah on Instagram @raisedup.finance Further reading: To find out more about using salary sacrifice to legitimately reduce your tax bills, check out this free-to-read FT piece from Claer: https://www.ft.com/content/ff8021b9-7847-4ef5-9f20-abb2ea2d6d93And if you're looking for more tips about running a freelance business, this free-to-read piece has plenty of them: Financial Tips for the self-employed https://www.ft.com/content/3462f359-8a1d-4a1e-9098- a14bded3f00dTo claim the working from home allowance, follow this link to the Gov.uk website: https://www.gov.uk/tax-relief-for-employees/working-at-homeTo check out the HMRC YouTube channel, click here https://www.youtube.com/user/HMRCgovuk/playlists See acast.com/privacy for privacy and opt-out information.

Ian Wallis, Deputy Director, People, Analytics and Insight for HM Revenue and Customs, talks about his new book and how organizations can use data-driven insights to better serve their HR functions The success of an organization depends on the people who work in it. But while data analytics is becoming central to many business functions, most companies could be doing more to use data-driven insights to enhance their HR departments. This week'sBusiness of Data podcast guest, Ian Wallis, Deputy Director, People Analytics and Insight for the UK's HM Revenue and Customs (HMRC) department, specializes in exactly that. He believes people analytics is a “great, untapped way” to transform organizations and drive better CX through more engaged employees. “Getting the most out of our staff falls into my domain,” Wallis says. “Anything I can do to improve their experience ultimately leads to a difference for our customers.” Helping Staff to Harness the Power of Data Wallis argues that executives don't typically appreciate that HR is at the heart of a business' operations. As a result, people analytics is still an underrated discipline in modern business. “Looking at HR through the employee lens, there's a very direct relationship between good customer experiences and engaged, well-trained employees who are equipped for their roles,” Wallis says. To ensure its staff have the skills they need, Wallis helped HMRC to develop a voluntary information literacy program for its 65,000 employees. The program covers topics including why GDPR matters, how to deliver analytics and what data ownership is. “We're living in an information literacy era and people need to be comfortable using information in their daily tasks,” he quips. “That's a philosophy we're trying to embed.” Ensuring Continuity and Retaining Data Talent After more than 30 years working in data analytics, Wallis recently published Data Strategy: From Definition to Execution, a book sharing his experiences in planning, developing and implementing data strategies. In it, Wallace argues that a key issue when working with in-demand skills is ensuring a sense of continuity as employees come and go. “It becomes important to entrench a level of understanding beyond a few people,” he says. “One of the themes I cover in the book is the importance of building bridges with stakeholders to have a common understanding, and then linking the corporate strategy to the data strategy, so that it's not only enduring but also perfectly aligned.” Considering his own career, Wallis says one of the best ways to retain and develop talent is by creating opportunities for lateral career moves. “I've built a number of analytics and insight teams from scratch,” he says. “Here at HMRC, there are 14 of us that span everything from master data, data governance and data quality, all the way through to touching on data science.” “There are great opportunities to move sideways and broaden your career,” he says. “It makes you a well-rounded employee, allowing you to learn how this broad spectrum comes together.” Key Takeaways Encourage employee growth and career development. Fulfilled employees deliver better customer experiences HR is an underutilized resource. Partnering with HR to roll-out data literacy initiatives can help to drive business transformation efforts Provide opportunities for lateral career movement to retain valuable data and analytics talent

This audio-only version of our twice-weekly cyber security talk show, teissTalk.  Join us twice a week for free by visiting www.teiss.co.uk/talk  On this episode, we focus on the following news story; US slaps Russian crypto exchange with sanctions as new details emerge in Kaseya attack https://www.scmagazine.com/analysis/cybercrime/us-slaps-russian-crypto-exchange-with-sanctions-as-new-details-emerge-in-kaseya-attack  The panel discussion is titled “Threat intelligence sharing” https://www.teiss.co.uk/teisstalk/threat-intelligence-sharing/  This episode is hosted by Geoff White  https://www.linkedin.com/in/geoffwhitetech/   Our Guests are Keith Nicholson, Head of Cyber Threat Operations, HM Revenue & Customs https://www.linkedin.com/in/keith-nicholson-a0924039/  Keil Hubert, Head of Security Awareness & Training, OCC https://www.linkedin.com/in/khubert/  Maurits Lucas, Director of Intelligence Solutions, Intel471 https://www.linkedin.com/in/mauritslucas/ 

The UK economy fell by 9.9% in 2020, yet property prices went up, and the market is still hot! House sales and property prices have surged amid government moves to stimulate the housing market. New data from HM Revenue and Customs (HMRC) showed UK property transactions in March hitting the highest monthly level since modern records began in 2005. The housing market has been almost immune to the Covid crisis as people rethink their lives and where they want to live. Official data also shows average UK house prices rose 8.6% in a year. HMRC figures show that there were 180,690 UK property sales recorded in March, which was more than double the number in March last year and 50% higher than February! Many people are asking if prices will fall in 2021. There are a number of factors which could prevent a fall in prices, one of them being the recent launch of a government-back 95% mortgage guarantee scheme to allow people to buy a property with just 5% down. Another factor is that when governments have pumped billions into the economy asset prices, such as property, have usually risen – as they did after the 2008 financial crisis. The truth is, nobody really knows for sure. Some experts are predicting a new boom. In the long term, property has always gone up in value and there is still a massive shortage of housing in the UK. But what if there was a strategy which enabled you to invest in property without risking your own money and makes money for you whether the market goes up or down? My friend Kevin McDonnell is hosting a complimentary event tonight to show you the benefits and the potential of creating a property portfolio, without putting your own life savings down. In this webinar, you will discover the beauty of No Money Down Investing! Kevin is one of the smartest property investors I know and he can show you how he went from broke and in debt to multi-millionaire in a few short years. Kevin is not worried about a market correction because he will make money in a rising or falling market. His next session is on Thursday 22nd April Why is this strategy right for you? You will leave seeing how invaluable this strategy is, no matter the obstacles that come your way. You will learn how to gain assets with little/none of your own money and how to create the relationships to do so! There is so much that people do not understand about this strategy, that is why the No Money Down webclass will be showing you strategies on how to build and grow your property portfolio - without risking your savings. This strategy is timeless. If this sounds right up your street then join Kevin on Thursday 22nd April at 7pm when he will reveal how to quickly build and maintain a successful property portfolio. Don’t miss out - Claim your spot now! More details - https://bit.ly/3eiiIiA Missed the class? No problem. Just drop me a message charles@charleskelly.net and I'll book you on a future class.

Here is the latest instalment of The LB Weekly Roundup! This week our Managing Director Sarah Alexander discusses the Self-Assessment deadline, Off payroll working (IR35) from April 2021, Grants for traineeships and other updates and information! Please see the key points and dates from the session below. Key points from the session:Thank you and well done the the Lewis Brownlee team for their hard work during this busy season!HMRC have said HM Revenue & Customs (HMRC) has announced that it will waive fines for self-assessments that miss the 31 January deadline, as long as they are filed online by 28 February - however any tax liabilities are still due by 31 January.29 January is the deadline to apply for the third SEISS grantHMRC's National Minimum wage unit being in charge of compliance for furlough claimsOff-payroll working (IR35) was deferred in April 2020 but looks like it will start properly from 6 April 2021 - we will be sharing more information on this in due courseGrants for traineeships available - Employers can now apply for a £1,000 cash grant to help them take on new trainees. See more details here: https://www.gov.uk/government/news/fu...​Key dates:29 January - SEISS third grant application deadline31 January - Pay July 2020 and January 2021 tax bill (or have agreed a payment plan)28 February - SA filing deadline1 March - Domestic VAT reverse charge for construction services3 March - Budget day5 March - Our webinar on the key announcements from the budget12 March - Our webinar providing a more detailed review of the budget31 March - Pay last years VAT (or have agreed a payment plan)31 March - Deadline to apply for a bounce back loan or CIBLs loan (if not already had one, or a top up if you need more)30 April - Furlough scheme closes (but watch this space)If you have any questions or would like to discuss any topics further, then please get in touch. You can call us on 01243 782 423, or email LetsTalk@lewisbrownlee.co.uk. Alternatively, head to our website to see our other resources and news updates: www.lewisbrownlee.co.uk

In The Month In Pensions for October 2020, we join The Pensions Regulator in gazing into the future and consider what the world of pensions will be like in 15 years' time. See The Pension Regulator's 'Pensions of the future - a discussion on our strategy (16 October 2020)': https://bit.ly/3owKcp6  Also covered in this month's edition are: DWP gives green light to standardised simpler annual benefit statements for DC auto enrolment pension schemes (See the DWP’s response to its consultation ‘Simpler annual benefit statements for workplace pensions’: https://bit.ly/3kEp7GY); PPF consults on the 2021/22 levy (See the PPF’s consultation ‘Have your say on our 2021/22 levy rules’: https://bit.ly/3mraS8D); Public sector exit payment caps to come into force (See our insight ‘Public sector exit cap in force from 4 November 2020 (15 October 2020)’: https://bit.ly/3dZW91z); TPR publishes new guidance on superfunds (See TPR's guidance 'Superfund guidance for prospective ceding trustees and employers (21 October 2020)’: https://bit.ly/35y6X3a); Action Fraud reveals extent of pension scam activity in wake of COVID-19; and ECJ decides on VAT and pension management services case (See the full text in the judgment of United Biscuits (Pensions Trustees) Ltd. and another v Commissioners for HM Revenue and Customs (C‑235/19): https://bit.ly/2TvuDiW). We also look forward to some of the developments to expect in November 2020. This podcast and its accompanying transcript are also available on our website: https://bit.ly/3kKzp88  Find out more about the Gowling WLG Pensions team here: https://bit.ly/3jvtmTx  We regularly talk about a broad range of topics that may be of interest to you. Register for an account on our website to receive our latest articles, podcasts and webinars: https://bit.ly/34us0V1 

Up to £3.5bn in Coronavirus Job Retention Scheme payments may have been claimed fraudulently or paid out in error, the government has said.HM Revenue and Custom told MPs on the Public Accounts Committee it estimates that 5-10% of furlough cash has been wrongly awarded.Vox Markets is revolutionising the way companies engage with shareholders and the stock market at large. By aggregating IR and digital content onto one secure and compliant platform, Vox Markets has established itself as the go-to resource for the investment community.#VoxMarkets #StockMarket #LivePrices #StockMarketNews #Money #Investing #Investments #Finance #Business #Podcasthttps://www.voxmarkets.co.uk/

CSW chats to HM Revenue and Customs' deputy chief executive Angela MacDonald to get the inside story of the department key role in the government's response to coronavirus, and what is was like to switch jobs in the pandemic. Hosted by Richard Johnstone. With Angela MacDonald. Edited by Nick Hilton for Podot.

Dozens are dead and thousands injured after an explosion rocked Beirut, an income hit at Disney’s theme park has caused a knock on the company’s profits in the latest quarter, and an exchange traded fund holds more gold than some central banks. Plus, the FT’s Tabby Kinder explains why the UK tax authority, HM Revenue & Customs, is going after General Electric on fraud allegations.Beirut rocked by massive explosionhttps://www.ft.com/content/efb1426f-a80f-4b38-99c1-67a7a0823c4aETF becomes one of world’s biggest gold owners as investors flock inft.com/content/5316a714-6aa9-4919-ab29-96fab47cf2d4Disney plans a digital debut for ‘Mulan’https://www.ft.com/content/e39b07a9-edde-4dd3-9356-31bb11cd39e2Why the UK tax authority is accusing General Electric of a $1bn fraud https://www.ft.com/content/02a6fa1b-8b62-4e1e-9100-fe620c8ec96c See acast.com/privacy for privacy and opt-out information.

The Joint Chiefs of Global Tax Enforcement (J5) have brought our countries together to tackle transnational crime. In this episode we are joined by Joint Chiefs Will Day of the Australian Taxation Office, Simon York, of HM Revenue and Customs and Don Fort, of IRS–Criminal Investigation Division. They discuss transnational tax crime, what the J5 is and how they are working together internationally to close the net on global tax evasion.

Are employers defrauding the Coronavirus Job Retention Scheme scheme, by claiming money back from HMRC for furloughed employees who are still working? You’ll hear: · the extent of the problem· how HMRC is likely to discover fraud· what HMRC will do to reclaim the moneyLINKSReport fraud to HM Revenue & Customs - https://www.tax.service.gov.uk/shortforms/form/TEH_IRF?_ga=2.59277803.772004417.1592464880-2004048988.1584780955Join the HR Inner Circle - www.hrinnercircle.co.ukAccess Daniel Barnett’s new course, Getting Redundancy Right – www.gettingredundancyright.com Thank you for listening and please leave a review if you found this helpful. Subscribe to Employment Law Matters to automatically receive new episodes every Tuesday. If you have a question, or any feedback, please email podcast@danielbarnett.co.uk or tweet @daniel_barnett . © Employment Law Services Limited 2020. Any information on this podcast is for general guidance only. Please see our full terms and disclaimer.

In this episode of Thought and Leaders, Jonathan Gabay is joined by Jane Frost CBE. She is responsible for the leadership of the Market Research Society of the United Kingdom.Jane was previously at HM Revenue & Customs where she developed and led the individual customer function and the behavioural evidence and insight unit.She has held senior roles in both public and private sector organisations including Shell, Unilever, the Department of Constitutional Affairs and the BBC, where she was responsible for the 'Perfect Day' campaign.Jane talks to Jonathan about different approaches towards market research during the post COVID period, to better understand the motives behind headlines - and of course, the story behind that iconic Children in Need song.

Today, Philip Ingram MBE discusses Furlough Fraud with Frances Murray a solicitor at Rosenblatt, Fergus McCombie and Lee Schama, barristers at 36 Commercial.Frances Murray – Solicitor at Rosenblattfrances.murray@rosenblatt-law.co.ukT: +44 (0)20 7955 0880Frances specialises in  white collar financial and serious crime. She represents individuals, sole traders, limited companies and PLCs from the investigatory stage to proceedings. Over the years this has included , high net worth individuals, chief executive officers of multi million pound, multinational city based companies, professionals in law, medicine, journalism and accountancy. Frances has defended investigations / prosecutions brought by the Serious Fraud Office, Financial Conduct Authority, HM Revenue and Customs, National Crime Agency, Architects Registration Board and the Crown Prosecution Service, as well as those prosecutions brought privately.Fergus McCombie – Barrister at 36 Commercialclerks@36commercial.co.ukT: +44 (0)20 7421 8051Fergus is a specialist Employment Law and Commercial barrister. Fergus advises and represents claimants and respondents at all levels in the whole range of tribunal work, including unfair dismissal, discrimination, equal pay, whistleblowing, TUPE, contractual issues and holidays. As well as firms of solicitors and local authorities, he regularly acts for in-house legal departments of well-known and multinational companies. Recent and ongoing cases include acting for a Premier League football manager in his contractual and unfair dismissal complaint against his former club; for the Easy group of companies defending the dismissal of senior executives; for a claimant in relation to the statutory authorisation regime for glider inspectors.He is frequently instructed in related commercial and civil areas of work such as partnership and director disputes, restrictive covenants and employee competition.Lee Schama – Barrister 36 Commercialclerks@36commercial.co.ukT: +44 (0)20 7421 8051Lee specialises in complex and high value disputes and his practice extends across a broad range of commercial law, both in advice and advocacy. His work is principally focussed on: international and multi-jurisdictional banking disputes, corporate and personal insolvency, money laundering and asset tracing commercial and white collar  and financial crime and disputes involving breach of contract, breach of trust and negligence

This is one of my favourite conversations EVER! Sara is a certified #DaretoLead facilitator having trained with Brene Brown after passing a rigorous application process. We discuss in detail vulnerability, shame, empathy, leadership, privilege, courage, risk and so much more. Some example insights shared by Sara include: - “It was a massive risk because the training dates are set for the year. There was huge risk if I got it, there was huge risk financially” – 05.10 - “Why is it important? When there is no courage in an organisation, when courage is absent, we’re able to identify classic behaviours that show up like back-channelling, like not giving feedback, like not having difficult conversations, lack of creativity, lack of innovation, lack of risk” – 08.20 “We can’t be courageous, we can’t be brave, without vulnerability. Why should we do it? The risks of not doing it are far, far too great” - 08.25 “I didn’t realise the extent to which it would change myself in doing the work” 17.25 - “When we get ahead of ourselves, we need to have a call that says ‘heal,’ to bring yourself back to who you are, to who you really are” 23.00 “I’ve had a 180-degree shift in who I thought I was and who I am now in terms of my ethnicity, my presence, my identity. You cannot out a price on that” - 30.50 Sara can be contacted via the following means: LinkedIn - https://www.linkedin.com/in/sarananayakkara/ Twitter - https://twitter.com/nthlevel Website - http://www.nthlevelconsulting.com/ Bio: Sara has 26 years’ experience of design, facilitation, coaching and consultancy in the private and public sector on a global scale. Her approach makes genuine connections with delegates. Her facilitation style is grounded, energetic and engaging. Her coaching style is challenging and supportive; she develops rapport and trust quickly; skilfully using powerful questions to unlock her clients. Her consultancy is insightful, and her success is hugely due to her ability to connect with clients quickly. Sara has worked in 52 countries, delivering coaching and facilitating from board level to front line staff. She has designed and delivered various programmes in Leadership Development, Performance Management, Change Management, Team days, Personal Effectiveness Programmes. She is responsible for instigating culture change within organisations; she conducted a “Cultural Audit” of HM Foreign and Commonwealth Office (FCO) which gained media interest in 2008. Other public sector clients include; Department of Work and Pensions, Business Innovation and Skills, Cabinet Office, 10 Downing Street, HM Revenue and Customs, Department For International Development, Ministry Of Justice, and Ministry Of Defence, Natural England, The Environment Agency, RNIB, and Royal Mail. She is a highly accomplished coach, working with FTSE 100 leaders. She was one of the first Dare to LeadÔ Facilitators to be trained personally by Brené Brown. Please find my Interpersonal Catalyst brochure here in case I can support you at all -> https://my.visme.co/projects/rxyz4jpo-garry-turner-interpersonal-catalyst --- Send in a voice message: https://anchor.fm/valuevulnerability/message

A year and a half after the former Chancellor, Philip Hammond, wrote to the Office of Tax Simplification (OTS) asking them to review inheritance tax (IHT), their second report titled ‘Simplifying the design of IHT’ was released. The OTS’ first report focussed on feedback from their consultation and ways of simplifying the administration of IHT. This report covers proposed changes to the tax itself and, though not as radical as many had predicted if adopted, it will have a major impact on IHT planning. Disclaimer: This podcast is for professional advisers only. Please note that every care has been taken to ensure that the information provided in this podcast is correct and in accordance with our understanding of current law and HM Revenue & Customs practice. You should note however that James Hay Partnership cannot take upon itself the role of an individual taxation adviser and independent confirmation should be obtained before acting or refraining from acting upon the information given. The law and HM Revenue & Customs practice are subject to change. The tax treatment depends on the individual circumstances of each client. For further information, visit the Technical Hub: www.jameshay.co.uk/technicalhub

A few days ago, I talked about how women are saving a lower proportion of their income than men. Today I discover that savers are failing to take advantage of a new UK Government scheme, as figures reveal that more than 96% of those eligible are missing out on a 50% top-up bonus worth up to £1,200. The Help to Save account, launched last September, was designed to encourage people on low incomes to save for their future. However, statistics released by HM Revenue & Customs show that only 132,000 of the 3.5 million people eligible have opened an account. The scheme allows people on welfare benefits, such as working tax credit and universal credit (combined with certain level of household income) to save up to £50 a month, or £600 per annum, for four years, which will be topped up by the Government by 50p for every £1 saved. The Help to Save accounts can be held for four years, with a maximum of £2,400 saved with a further £1,200 paid in by the Government. Anna Bowes, of Savings Champion, the comparison site, told the Telegraph that whilst the Government should be encouraging people to save she was not surprised by the low take-up. “A lot of this group will not have any spare money to save so it’s not surprising that there’s not been a huge take-up,” she added. “For a lot of people on lower incomes, saving and investing aren't going to be very high on their list of priorities. That being said, it’s encouraging to see 132,000 people have been able to take advantage.” Ms Bowes questioned how well the scheme had been publicised, since most people have no idea it exists. But HMRC argue that account holders were already eligible for £14m in bonuses. Tax free bonus payments are allocated every two years. Claimants can only open one account. John Glen, the economic secretary to the Treasury, said: “Saving shouldn’t be seen as a luxury but as an essential part of planning for the future. “That’s why I launched the Help to Save scheme last year, and it’s been great to see so many people using it to put money aside for themselves and their loved ones.” Word of the Day Universal Credit is a state benefit which is replacing 6 other benefits with a single monthly payment if you're out of work or on a low income Universal Credit will replace the following benefits: · Child Tax Credit · Housing Benefit · Income Support · income-based Jobseeker’s Allowance (JSA) · income-related Employment and Support Allowance (ESA) · Working Tax Credit If you currently receive any of these benefits, you cannot claim Universal Credit at the same time. Universal Credit, being rolled out across the country, has been criticised by landlords with tenants on housing benefit for being slow to start. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See also: Women Need to Invest More Money to Secure Future Prosperity Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov

Last year the government announced a digital services tax on US technology firms – including Google, Facebook and Amazon – to make sure “these global giants with profitable businesses in the UK pay their fair share”. Former Chancellor Philip Hammond set out the case for the tax buy rehearsing populist themes: The tech firms are big and prosperous, they derive “substantial value” from operating in the UK, yet they don’t pay much tax to HM Revenue and Customs. Opponents of big tech have used Amazon’s 25th birthday as an excuse to rehash accusations that the company is under-paying tax. Labour leader Jeremy Corbyn’s message of ‘many happy tax returns’ was perhaps the wittiest remark of the lot, but does it show a real grasp of the economics or just a naked attempt to bash big tech to win a few political brownie points?Joining the IEA's Digital Manager Darren Grimes to discuss pressing the delete button on the tech tax is the IEA’s Head of Regulatory Affairs Victoria Hewson and the IEA’s Economics Fellow Julian Jessop.

Welcome to Finance and Fury, the Say What Wednesday Edition Today we have a question from Luke. Hi Louis, I listen to you often. Very informative and interesting episodes. My question is regarding super/pensions. I lived and worked in the U.K. for about 10 years - and still have a pension there. I also have Super here in Australia. I heard I could bring my U.K. pension back to Australia, then I heard they stopped it, and then I heard I still could. I was hoping you could clarify this for me. Great question! This was a big change to expats retirement planning a couple of years ago that seemed to go pretty unnoticed, so thanks for bringing the topic up. Created issues The issue with the UK Pension transfers to Australia occurred with changes to UK legislation back in 2015. This was due to the UK pensions prohibiting people from transferring their pension funds before they have reached the minimum UK pension age of 55, due to changes in accessibility laws between the two countries (i.e. the UK didn’t want people transferring their Pension accounts to Australia and being able to access the funds at an earlier date).  Anyone who has worked in the UK will normally have built up some form of UK pension benefits. It is now compulsory by law for all employers in the UK to enroll their employees into a workplace pension scheme. This means when people leave the UK, they will need to decide what to do with the pension fund they have built up. You can transfer your UK pension to an Australian Superannuation as long as the Superannuation has QROPS status.  A qualifying recognised overseas pension scheme or QROPS for short, is an overseas pension scheme that the UK recognises as eligible to receive transfers from registered pension schemes in the UK. To qualify as a QROPS the scheme must meet the requirements set by UK tax law. To check if a pension is a QROPS you can check the list of schemes that have told HM Revenue and Customs (HMRC) that they meet the conditions to be a recognised overseas pension scheme (ROPS). From 2015 only people who are over 55 and either have an SMSF, or have a complying APRA super fund (i.e. regular super funds like an industry or for profit fund) are eligible. Anyone who meets these requirements is eligible to transfers their UK pension funds through following the non-concessional contribution rules.   These are separate rules to UK pension transfers - These are as follows: The transfer amount has to be within the non-concessional contribution cap of $100,000 per annum.  A bring forward rule applies to members under age 65, allowing an amount of $300,000 in one lump sum through using the contribution limit over a three-year period. However, for anyone aged over 65 but under 75, they need to meet a work test too contribute funds to super, along with being limited to $100,000 p.a. as the bring forward rule is no longer available after 65. Upon turning 75, no further contributions can be made. A lifetime contribution limit of $1.6 million will also apply. If your total super balance is over $1.6 million, you won’t be able to make any further non-concessional contributions. Introduced with a different round of super reforms Part of balance transfer caps - $1.6m in Pension environment – cap amount in super Was going to be a lifetime cap of $500k retrospectively. The Non-Concessional If the transfer is made within 6 months of moving to Australia, then the whole transfer is treated as a non-concessional contribution and therefore subject to the NCC limits and rules. If the transfer is made after 6 months of moving to Australia, then the rules are slightly different. The value of your UK pension on the date you arrived in Australia is treated as a non-concessional contribution. The growth in the value of your fund between the date you arrived in Australia and the date your transfer is treated as fund earnings and therefore subject to tax in Australia. This part of the transfer is neither treated as a concessional contribution or NCC. There is only one retail superannuation with QROPS status, the Australian Expatriate Superannuation Fund, the rest are all self-managed superannuation funds (SMSF). Once you transfer your pension to a QROPS in Australia then it becomes subject to normal Superannuation rules, as well as being subject to UK rules for 10 years after the transfer. Few practical examples of how this works and explain the process of transfer further You are 45 – No go You are 55 and super of $1.7m – no go You are 60, super of $900k and UK pension work $280k – Okay to transfer (if super fund complies) You are 67, not working – No go, cant transfer into super here Side note – lots of other pension funds (like RSA) can be transferred into super in Aus, but they do have their own laws and tax treatments with withdrawn early – just make you aware   Thanks for listening, if you want to get in contact you can do so here. 

Ashraf is the deputy IT Director - Data Engineering & Delivery at HM Revenue & Customs Ashraf is an entrepreneurial CIO/CTO, who can write code, put tech at the heart of the business, scale teams, reduce costs, and strike a commercial deal or two.

The Institute for Government was delighted to welcome Jon Thompson, Chief Executive and Permanent Secretary of HM Revenue and Customs (HMRC) and Head of Profession for Operational Delivery to deliver a keynote speech. He is responsible for the profession which delivers services to millions of citizens each day, from processing benefits payments to undertaking immigration checks. The speech was an opportunity to reflect on how operational delivery skills are being developed across government, and the crucial role that civil servants working in this area play in preparing for the challenges facing government, including Brexit. This event was chaired by Bronwen Maddox, Director of the Institute for Government.

The Government has decided that all businesses - including buy-to-let landlords - will have to use computer software for their accounts, sending quarterly updates online to HM Revenue. Making Tax Digital is being phased in, starting with VAT next April. In this podcast, Claire Phillips and Simon Kirkbride, of accountant Dodd & Co, look at the new system and what businesses should do to be prepared.

The Government has decided that all businesses - including buy-to-let landlords - will have to use computer software for their accounts, sending quarterly updates online to HM Revenue  Making Tax Digital is being phased in, starting with VAT next April. In this podcast, Claire Phillips and Simon Kirkbride, of accountant Dodd & Co, look at the new system and what businesses should do to be prepared.

14 August 2017 – All across the country incredible first-time candidates are entering the political fray. Darlene McDonald (@VoteDarlene), running in UT-4, is an articulate, accomplished, woman with a truly compelling backstory. This is the very kind of candidate who has the ability to change the Democratic party…and I don’t mean only if she wins. Darlene’s message, story and her campaign carry the voice of the party in the way no amount of tweeting, blogging or, frankly, podcasting, every will. Darlene is precisely how and why the Democratic party will shine and grow in the future and we LOVED having so much time to talk with her. We think that after you hear from her you will want to support her and we look forward to having her back as the race heats up. Will threw down the gauntlet in the Lying Liar Lie of the Week segment describing some of the abuses perpetrated by the new Netflix show, What the Health. Will makes the point that someone with a doctorate in English advising on health and health-related issues is disingenuous at best. Sadly, for Will and for all of us, I soundly defeated him with the report, from Alex Thompson at Vice News, that Trump gets a 22 to 25-page report twice each day full of all the positive things said about him on cable news, Twitter and the like. Inside the administration this document is called the Propaganda Document. Unlike past administrations, which collected media in order to judge the public mood positive or negative, only positive media is forwarded to Trump and the intention is strictly to fluff his ego. (Yuck!) Will hasn’t taken us to Scotland lately and, of course, we knew that couldn’t last! For the past few years, HMRC has been engaging in what might be called “Willful Incpompetence” when it comes to measuring the Scottish Economy. As far as various sectors of Scotland’s economy are concerned (including two of the biggest, oil and energy) HM Revenue and Customs has been allocating Scotland’s economic activity to an “Unknown Region” because they simply didn’t want to do the work to determine where said economic activity was actually occurring. Recently, they were forced to update their figures revealing that they had been understating the value Scotland’s Oil exports by about 90%. This equates to 15 Billion worth of revenue that was allocated to an “Unknown Region,” and these updated figures still do not give an accurate accounting of Scotland’s economic activity. I finish-up my three week run on Dodd-Frank and the efforts by the administration to change the Volker Rule both by legislation and just by reinterpreting enforcement. Dodd-Frank and the Volker Rule seem like distant things which are way above the “pay grade” of most of us but the fact is that these are the rapidly breaking walls which are holding back the surge of another financial crisis just like the last one. The GOP and Wall Street have learned nothing. Fed Chair, Janet Yellen, and FDIC Director, Martin Gruenberg, are among the only (Obama appointed) regulators standing between the Trump hoard and their goal. Emailing them your support would not be a wasted effort. They need to know we are watching. Additionally, the Office of the Comptroller of the Currency has opened Volker revisions up for public comment. You are the public so go here to comment. It is not important that you be technical. Tell them your story and make sure they know you are paying attention. I will be away for the next two shows but Will and our new team have got you. Carrots! – Arliss

How do you know when you're ready to take on staff in your new business? Are you ever actually “ready” to take such a step? That's the basis of this episode, as our assembled panel of experts and business owners offer you their own tips and advice for taking on staff. Whether you're a sole trader who needs an extra pair of hands for a few months, or the owner of a limited company looking to employ several people, the process is fairly similar across the board. There's also the danger of putting off hiring staff because you don't think anyone can do the job as well as you. That might be true, but is this approach sustainable in the long term? What happens if you fall ill, or want to take a two week holiday abroad? On this episode you'll hear from recruitment consultant Patricia McGuire, content marketing guru Chris Marr, photographer Julie Christie, employment law specialist Alison Colley, accountant Gordon Howes, and financial planner Pete Matthew. Recommended Reading There's a couple of excellent books on this subject that are worth checking out. The first is a classic called The E-Myth Revisited (Why most small businesses don't work, and what to do about it) by Michael E. Gerber. This one is primarily aimed at small business owners who are trying to do everything themselves. The second is Virtual Freedom by Chris Ducker. Again it deals with the problem of trying to do it all yourself, but this one is a guide to hiring and managing virtual staff, rather than on-site employees. Transcript It becomes very apparent that you can't do everything and that's another piece of advice. Don't be a superhero. You cannot do everything. I'm Colin Gray, and this is UK Business Startup, where this time, we're talking people. Do you remember that quote from Chris Marr last time around? Chris Marr: You need to pick out a time in the day where you are spending an hour or so working on your business. You need to have a plan for that. What are you doing every day to build your business? This is one of the biggest mistakes new businesses make. They forget to think big. They forget to make time for planning, for strategy, for figuring out how to make the business a success. Instead, they just keep doing what they're good at. The gardener keeps gardening, the programmer keeps programming, and the baker just bakes! The problem is, that's not building a business. That's building a job. And it's a really terrible job at that. It relies on you to run, it relies on your time, so when you're not baking, you're not earning. That means no breaks, no holidays, no time to get sick! And it means no time to bring in more customers or grow a business. That's what Chris from the Content Marketing Academy was talking about. So, what's the way out? Well, building a business that doesn't just rely on you. That's what. And that means staff. So, this is where it can get really scary. Julie Christie: I have two employees. I didn't necessarily feel ready to do it. I just knew I had to do it. For two months, I couldn't afford it. I definitely took a hit because I was training her and I was sitting beside her all the time and we weren't taking on more work. Within two months, she was paying for herself. It was a very, very scary move to make but it was the right move and it allowed me to work on the business. I no longer was having to phone clients, go back and forth with anyone, design albums. All the admin was taken away from me so I was able to then do more shoots and more marketing to get more shoots. That's the bit that surprises most new business owners. The admin. There's so much to do, from logging receipts, to paying tax, to handling bills. And that's just the general stuff. There's bound to be tonnes specific to your industry too. So, this is where a lot of people start, as you heard there from Julie Christie, the founder of TeaBreakTog.com. She's still doing some of the main work – photography in her case – but he's using the time that's been freed up to do the marketing too. As Chris mentioned at the start, and even more in the last episode, that's your big job as the founder. Marketing and growing your business. You can still do a bit of the technical work, but you need to find time for the high level stuff. Generally, that means staff. So, how does it work when you're starting out? Let's look at Bill the gardener again. Patricia McGuire: As a sole trader, Bill can take on a temporary member of staff. Certainly, Bill could advertise and take someone on just for a seasonal period of time so he could offer a seasonal contract to them which would be fixed, which means there's no obligation to keep them on after that or he could give something like a zero hour contract just to see how things go. If things work out well, he can tell the employee that he will increase the hours. That's the way in for a lot of people who start out working for themselves. They take someone on for the busy periods. No long term commitments, just getting a bit of help when it's needed. It is a great way to build confidence and learn a few of the processes. And it gets you used to managing people – something most of us aren't used to! So, once you make the decision, what's our responsibility here with the tax office? Chris Marr: He needs to inform the Inland Revenue that he's going to become an employer before he engages anyone. He will register for PAYE as an employer. He will receive his employer's PAYE reference as well as his Accounts Office reference. This is easy enough, and it's the same for a limited company. In fact limited companies tend to do this right off the bat! Either they'll be taking on staff right away, like a café, or you want to get paid as the founder. Either way its' really easy to register on the HMRC website – honestly, quick as anything. Pete Matthew: One thing it's really important now is you've got to report to HM Revenue and Customs now when you pay your employees. You need to pay your employees on a certain day and that will need to be reported to the Revenue on that day, and any tax and national insurance due to the Revenue will need to be paid at the same time. That's called real-time information. Okay, this might sound a bit complicated, but don't worry, there's technology out there to help. Remember on episode 2 when Pete was talking about managing your finances? Pete Matthew: There are, again, software systems usually very often a part of the general accounting software systems that you can buy and they will do all that for you, so you'll need to register with the Revenue as an employer so that you can submit your real-time information, your payroll information as you go. Both Pete and I have mentioned it before, but FreeAgent, is the one I've used in the past. It handles both invoicing and payroll, working out all of that stuff around tax and national insurance. There are plenty of other apps out there that can do it too. So, don't let this part put you off – help exists! Talking of which… Julie Christie: When I decided to hire Fiona, I spoke an HR consultant who talked me through everything. He also put together a contract of employment and all the paperwork that we had to have in place and he advised me on insurance issues and things like that as well. That was all taken care of and then my bookkeeper, she took on payroll as well as keeping the books. It wasn't too bad at all and has been worth that's weight in gold. We talked about bookkeeping and accountants in the finance episode, and Julie highlights it here. They can take on payroll for you, handling all of the fiddly work. And contracts – that's a tricky one, and well worth getting some help with. You'll find HR consultants all over the country, and you could get contracts and handbooks made up for just a few hundred pounds. In most cases, as Julie says, it's worth every penny. Ok, we've dealt with the prep. Everything you need to do to get set up as an employer. That's a bit dry, but the next bit's more exciting – that's actually having them on board, getting the help, the input, the expertise they offer. Saying that, before we get too excited, I guess we need to think about what they want in return… Pete Matthew: Paying staff isn't massively different whether you're in a limited company or you're sole trader. They are your employee and so you have certain responsibilities. A key one, of course, is paying them. They're not going to work for you very long if you don't pay, so that's a drain on cash flow. That needs to be planned in, always a good idea to have two or three months cash flow in reserve if at all possible, so you know you've got at least two or three months' worth of payroll that you can pay your staff so you're never sort of going right to the wire. This ties into those questions at the start of the episode. When do you know you're ready to take someone on? As Pete says, money plays a part. If the work dried up tomorrow, how long could you pay them for? Now, don't let this scare you – it's planning for the worst case. And with the help of someone else, it's even less likely to happen than it is right now. You'll be freed right up to search for more work after all. But, it's worth a think. Next, what about frequency? Pete Matthew: I would err towards paying people monthly for the simple reason that most people pay things out on a monthly basis. They're paying house and car insurance and other things on a monthly basis. It can be easier for your employees to budget on a monthly basis. Having said that, I have been paying on a weekly or fortnightly basis since I was at university and part-time at McDonald's. It's a long time ago. Some people may prefer it. I think the world is increasingly moving towards monthly though. It just seems more logical to me. This depends a lot on industry too – the leisure industry always tends to pay weekly, but the finance industry doesn't, for example. This isn't a big deal, just choose what's right for you. And then? All that's left now, is finding the staff themselves! Alison Colley: If Amy is looking to take on staff, there are various routes that she could take. She could take the traditional route of putting an advert in the newspaper but in my experience with my clients, that can be quite expensive and quite a timely process. Another way of looking for staff would be to use somebody specific like an agency, somebody who she can trust to make those initial findings for her and to try and find the right member of staff, so do the initial interviews and things. From experience, vetting and interviewing takes a long long time… Agencies charge a fair bit for this, but sometimes it's worth it… Alison Colley: The other way of doing it is to look within her circle, within her network, see if there's somebody who she trusts and likes who might be looking for work. I find that way with my clients who were taking on their first member of staff, this is normally how they find them rather than going down the traditional advertising route because it would be quite daunting to bring someone into your new business especially when you've worked so hard on it, so finding someone that you trust and know in the first instance is probably a good way of finding staff. Interviews can only tell you so much, so that personal connection can make a big difference in finding someone you trust. AND someone who's right for the business. You're going to have to live with these people, day in day out, so personality matters. Pete Matthew: These are not just payroll numbers after all. They are people and they come with issues to deal with, things like needing to take time off to go to hospital appointments and emergency, things which might happen to him for family reasons, in inverted commas, that you've got to sort of be able to cope with these things. And that's when things get complicated. Because real people ARE complicated. But here's how Pete thinks about it. Pete Matthew: Certainly, a key thing for me here in my practice is culture. We obviously need people who are competent. They need to be able to do the job but I would rather have somebody who I need to train but who fits in well with me and what I'm building here rather than have someone who is superbly competent but is a bit of a pain to work with. Company culture is huge, and it's all your job at the start. You're the founder, you set the tone. Small companies always have a culture based on the founder's personality, their values. As Pete says, the plan is to find people that fit that culture, and for you to reinforce it every day. If you live and breathe the values of your company, then that's infectious. It improves the morale, the productivity and the work that everyone does. Now, there's one last option I want to go through, before we're done. Just incase it still seems too daunting. There is an easier way, and we've already alluded to it… Virtual assistance – that means working with people OUTSIDE of your business to do the work of an employee. Julie mentioned earlier that her bookkeeper does payroll for her – that's a virtual assistant. The bookkeeper isn't employed by Julie, but she does work for the company. Work that needs done on a regular basis. So, How would that work with Amy, our café owner, for example? Alison Colley: This is certainly something that Amy should be thinking about for things like her marketing and social media whether she goes to somebody using a service like Upwork who provide virtual assistance or whether she goes for someone more local, would be down to her to decide. Certainly, with virtual assistance, you can give them a try without having to commit anything in the long term. You can try a couple of people and see how it works out. I would say that it would be better for a small business to try and do it virtually for those sorts of things initially than taking on an employee and having the additional costs and expense of things like PAYE and national insurance. Great advice there from Alison Colley whose an Employment Law Specialist over at alisoncolley.co.uk. Whether they're in the UK or abroad, working with a VA gives you a tonne of experience in managing tasks and staff. And that's without a lot of the HR or admin headaches. I know a lot of new businesses that used virtual assistants to grow to a certain point and then they've graduated to in-house staff. It lets you get that work off your hands without worrying about long term commitment. Of course, the downside is that they might not be as bought into your business as an employee. And managing staff at a distance can be tricky. But, for most people, especially sole traders or really small companies, it can be a stepping stone to much bigger things. So, are you ready to take someone on? Are you Set for that leap? Patricia McGuire: I think you know when you're ready to take on staff. It becomes very apparent that you can't do everything and that's another piece of advice. Don't be a superhero. You cannot do everything, but there are worries, obviously. How are you going to pay them? How are they going to settle into your business? How are they going to reflect your business? But actually, you know when the time is right. You know when the money is right. You just have to do it. If your business is going to grow, you have to employ other people to help you grow it. This was episode 4 of UK business startup. You can find links to everything we've mentioned on the show at the Startup website at podhost.me/startup/. Thanks too to all of our contributors, and you can find out more about what they do at the same place. If you've enjoyed this show, please do pop over to the iTunes store and give us a review. It helps in a huge way to get the show out to more people. And if you're not on an apple device, then tweet us @thepodcasthost – we'd love to hear what you think. Thanks again for listening and we'll see you next time!

In this episode of the Informed Choice Podcast, Martin talks about the personal finance things you need to know in the new tax year.  There is also a roundup of the latest personal finance news and an update from the world of Informed Choice. Things you need to know in the new tax year The new tax year started on 6th April 2016, bringing with it some changes to tax rates and allowances, as well as some investment and pension changes. As promised in the podcast, here are the facts and figures you need to know. The new personal allowance for 2016/17 is £11,000, up from £10,600 last year.  There is no more age-related personal allowance for people born before April 1938, removing the dreaded age-allowance trap. Higher earners face an income limit of £100,000 with their personal allowance reduced by £1 for every £2 of income over this limit, so earn over £122,000 and your personal allowance is reduced to zero. The personal savings allowance is now in force, giving tax-free savings interest to those with taxable income of less than £16,800, or a £1,000 tax-free savings allowance for basic rate taxpayers and £500 for higher rate taxpayers. Dividend income is subject to a new tax regime, with a £5,000 tax-free allowance and then income tax charged at 7.5% for the basic rate, 32.5% for the higher rate and 38.1% for additional rate taxpayers. The marriage allowance increases from £1,060 to £1,100, allowing unused personal allowance to be transferred to a basic rate taxpayer. Landlords and second-home buyers will pay a 3% stamp duty surcharge, applicable on completions from 1st April 2016 onwards. For existing landlords, the 10% wear and tear allowance is removed in 2016/17. Capital gains tax rates are reduced from 20% to 10% for basic rate taxpayers and 28% to 18% for higher rate taxpayers, with the exception of capital gains on residential property sales (other than your principle private residence). No change to the ISA allowance this tax year, which stays at £15,240. The Junior ISA allowance remains at £4,080.  The new tax year saw the launch of the new Innovative Finance ISA, allowing peer-to-peer lending to be held within an Individual Savings Account for the first time. The pension lifetime allowance is reduced from £1.25m to £1m for 2016/17. The annual allowance is reduced to as low as £10,000 for higher earners. Listen to episode 68 of the Informed Choice Podcast for more on these pension changes and to hear about the protection options available. Personal finance news update -The new state pension was introduced this week, offering a single flat-rate income to new pensioners from 6th April 2016. -Fewer people are cashing in their pension savings, one year after the launch of new pension freedoms. -The new National Living Wage has come into force, with workers over 25 now receiving a minimum income of £7.20 an hour. -Over 11.5 million confidential files have been leaked from the database of international law firm Mossack Fonseca, revealing details of how the rich exploit secretive offshore tax regimes. -HM Revenue and Customs has received more than £4bn in inheritance tax receipts during the past year, the largest amount ever received by the tax man in a twelve month period. Get answers to your personal finance questions Do you have a personal finance or investing question for Martin? Email martin@icfp.co.uk or ask on Twitter @martinbamford. You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.speakpipe.com/InformedChoicePodcast to leave an online voicemail. Martin and Informed Choice Martin Bamford is a Chartered Financial Planner, Chartered Wealth Manager and SOLLA Accredited Later Life Adviser. As Managing Director of Informed Choice, the award-winning firm of Chartered Financial Planners in Surrey, he is responsible for nearly £200m of client assets. Martin is the author of several bestselling personal finance books and produced his first feature-length documentary in 2014, about the post-war Baby Boomer generation in retirement. “Bamford excels at making even the dullest topics interesting” – Pensions Management Visit www.icfp.co.uk to find out more about Informed Choice, or follow us on Twitter at www.twitter.com/informedchoice.

In this edition of the Get Funded! podcast we cover some additional tips for film production companies that may be seeking advance assurance from HM Revenue... The post GF012: SEIS / EIS advance assurance tax tips for Film Production companies appeared first on Business N2K.

We bring you a special mini episode this week, featuring an interview with James Averill of the Northampton Town Supporters' Trust. The Cobblers are in financial crisis, and have been issued with a winding up order by HM Revenue and Customs (HMRC), who are owed £166,000 by the club. A date for the case has been... See acast.com/privacy for privacy and opt-out information.

In Spain, the battle for Catalonia carries on with allegations of a Madrid witch hunt by Artur Mass. There are kidnap fears for the crew of a Spanish Air Force helicopter after a crash near the Canary Islands. There is a mystery over disappearance of three crew members who were earlier said to have been rescued by Moroccan authorities after their craft ditched in the sea. A Briton has been found dead in a Benidorm police cell. Spanish police say Antony Abbott's partner Catherine Corless had contacted police to report him for hitting her in Benidorm hotel. European Parliament votes to stop EU agricultural subsidies being used to support bullfighting in Spain in latest blow to traditional activity. Almost two-thirds of people in the UK say they do not feel any sense of European identity – a far higher proportion than in other EU countries, a new poll has revealed.......Apart from this poll a battle royal reigned in parliament this week as George Osborne tried to make his welfare cuts. The Lords defeated his strategy just as it was revealed more than £1billion in tax credits is lost to fraud and error every year, Some £29billion was paid in tax credits to 4.7million claimants by HM Revenue and Customs in 2013/14, official figures show. So what else is making Britain great? Kim Farry, 54, lives rent free in a flat in Fulham and collects up to £250-per-week in cash handouts so believes that finding a normal job would force her to take a pay cut......Abdulrahman Abunasir submitted an asylum claim while serving a jail-term for sexually assaulting a woman in London but is blocking deportation attempts by claiming he is a Syrian refugee.........Former corporal Paul Vice, 32, who is known as 'the commando who refused to die', was left stunned after he claims staff told him he could not use the disabled toilet at a sports centre in Exeter, Devon............Bryony Hollands, 19, died when Thomas Burney, 26, mounted a kerb at 70mph and careered into her and her boyfriend Ben Evans, 20, in Mapperley, Nottinghamshire, at about 12.30pm on August 21.”............A female PE teacher faces jail today after she admitted having a sexual relationship with two pupils and was caught in bed with them at the same time...............and a boy has been fatally stabbed at a secondary school in Aberdeen at lunchtime. Just when will the authorities look more closely at the content on UK TV?......Twisted monsters, vicious murders and even a family burned alive in their home – all of this can be found in just the first episode of Jekyll and Hyde, which is set to broadcast on ITV at 6.30pm

In Spain, the battle for Catalonia carries on with allegations of a Madrid witch hunt by Artur Mass. There are kidnap fears for the crew of a Spanish Air Force helicopter after a crash near the Canary Islands. There is a mystery over disappearance of three crew members who were earlier said to have been rescued by Moroccan authorities after their craft ditched in the sea. A Briton has been found dead in a Benidorm police cell. Spanish police say Antony Abbott's partner Catherine Corless had contacted police to report him for hitting her in Benidorm hotel. European Parliament votes to stop EU agricultural subsidies being used to support bullfighting in Spain in latest blow to traditional activity. Almost two-thirds of people in the UK say they do not feel any sense of European identity – a far higher proportion than in other EU countries, a new poll has revealed.......Apart from this poll a battle royal reigned in parliament this week as George Osborne tried to make his welfare cuts. The Lords defeated his strategy just as it was revealed more than £1billion in tax credits is lost to fraud and error every year, Some £29billion was paid in tax credits to 4.7million claimants by HM Revenue and Customs in 2013/14, official figures show. So what else is making Britain great? Kim Farry, 54, lives rent free in a flat in Fulham and collects up to £250-per-week in cash handouts so believes that finding a normal job would force her to take a pay cut......Abdulrahman Abunasir submitted an asylum claim while serving a jail-term for sexually assaulting a woman in London but is blocking deportation attempts by claiming he is a Syrian refugee.........Former corporal Paul Vice, 32, who is known as 'the commando who refused to die', was left stunned after he claims staff told him he could not use the disabled toilet at a sports centre in Exeter, Devon............Bryony Hollands, 19, died when Thomas Burney, 26, mounted a kerb at 70mph and careered into her and her boyfriend Ben Evans, 20, in Mapperley, Nottinghamshire, at about 12.30pm on August 21.”............A female PE teacher faces jail today after she admitted having a sexual relationship with two pupils and was caught in bed with them at the same time...............and a boy has been fatally stabbed at a secondary school in Aberdeen at lunchtime. Just when will the authorities look more closely at the content on UK TV?......Twisted monsters, vicious murders and even a family burned alive in their home – all of this can be found in just the first episode of Jekyll and Hyde, which is set to broadcast on ITV at 6.30pm