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Posts archive for ‘Tax’

16th May 2018

THL IRIS OpenSpace

Filed Under: Tax, Accounting, Business News, THL News

Due to the new General Data Protection Regulations (GDPR) which come into force on 25th May 2018, everyone responsible for collecting and processing personal information will have set guidelines they need to comply with.

In light of this, THL has decided to use IRIS OpenSpace to send and exchange personal data. IRIS OpenSpace acts as an online portal which requires a user specific login and password set by the individual. As well as complying with GDPR other benefits of the portal are:

  • It’s safe, simple and secure
  • 24/7 access to current and historic documents
  • Fast document exchange
  • Documents can be e-approved
  • No software is required to be installed
  • Accessible on mobile devices

When a document is uploaded, email notification will be sent by IRIS OpenSpace. The first notification will also require the registration process to be completed. A separate email will be sent by THL with a ‘guide’ on how to use the portal.

If you have any queries in the meantime, please do not hesitate to contact us.

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4th January 2018

Increase in minimum contributions for Automatic Enrolment Pensions

Filed Under: Tax, Accounting, Business News

Under the Pension Act 2008,  from 6 April 2018 the minimum contributions employers and employees must pay into their workplace pension scheme will increase to:

  • Employer minimum contribution – 2%
  • Employee minimum contribution – 3%
  • Total minimum contribution         – 5%

All employers must take action to make sure at least the minimum amounts are being paid into their Automatic Enrolment pension schemes.

For any queries, please contact our Payroll Manager on 01903 300230.

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13th December 2017

HMRC to end payments by personal credit card

Filed Under: Tax, Business News

New rules come into effect from 13 January 2018 meaning that it will no longer be possible for consumers to be charged a handling fee when paying by credit card.  The down side to this is that HMRC will no longer accept credit card payments from this date.  Therefore, if you usually pay your 31 January tax bill by credit card you will need to do so by 12 January 2018.  If you believe you may be affected by this change by HMRC and have not as yet provided us with your tax return information please do so without further delay.

Due to the change detailed above, some of the team will be working over the Christmas break.  Should you need to speak to someone please phone the office on the usual number and leave a message and someone will get back to you.

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