A great opportunity for Sutton businessmen to meet and get to know each other is taking place at Brasserie Vacherin, Sutton High Street on September 13.
A consultation on the launch of the new Help to Save scheme recently closed. The new scheme will allow anyone in work and in receipt of Universal Credit or Working Tax Credits to save up to £50 a month and receive a 50% bonus after 2 years that can be worth up to £600. The scheme is expected to be in place by April 2018.
As things currently stand, account holders will then be able to continue saving under the scheme for a further 2 years and receive another £600 bonus. This could see those on low incomes receive a bonus of up to £1,200 over 4 years. The new scheme will be open to all adults in receipt of Universal Credit with minimum household earnings equivalent to 16 hours at the National Living Wage or those in receipt of Working Tax Credits.
The Low Income Tax Reform Group (LITRG) has recently published a press release urging the government to ensure that the Help to Save accounts be free from income tax. This was in response to the fact that the tax status of the scheme was not covered in the consultation document.
Anthony Thomas, Chairman of LITRG, said:
'We strongly recommend that there is a specific exemption written into tax law to exclude both the government bonus and any interest on the accounts from income tax to make the Help to Save accounts simple, accessible and cost-effective for accountholders and HMRC.'
HMRC’s personal tax account (PTA) has been designed to allow taxpayers to manage their tax affairs online. The PTA works in a similar way to an online bank account and is part of HMRC’s strategy to move to a fully digital tax service. It is expected that by 2020 the system will be fully rolled out and taxpayers will be able to register, file, pay and update their information using their PTA.
A recent press release from HMRC disclosed that the PTA has been used by more than 100,000 people to check that their car benefit and car fuel benefit is correct. The service was launched in November 2015.
The service allows taxpayers to:
tell HMRC about changes that need to be made as soon as the circumstances regarding the use of their company car change;
see the amount of car benefit based on the company car reported;
see their amount of car fuel benefit based on the company car reported;
immediately see the impact a change has on their tax code.
Sutton United have commissioned a further model bus from Exclusive First Editions, to celebrate winning the National League South in season 2015/2016. This is a strictly limited edition of 100 models, each with a numbered certificate, and is an open top AEC Routemaster bus (33105A).
These will be available on a strictly first come, first served basis at £32 each + £3 postage and packing (where applicable).
Please note that the models are expected to be delivered in the next few days. Cheques, made payable to Sutton United FC, should be sent to Bruce Elliott, Sutton United FC, Borough Sports Ground, Gander Green Lane, Sutton, Surrey SM12EY. Payment can also be made by Credit Card, in this case, please email 'firstname.lastname@example.org' for details of how to arrange payment or if you require any further information regarding this model.
Are you looking for good local childcare? Sutton Day Nursery invite you to join them at their open day on Wednesday 7th September from 10am to 2pm. Drop-in to take a look around or book a specific time by emailing email@example.com. Thanks to our additional on-site facilities, your child could also enjoy tennis, gymnastics, creative movement and softplay sessions all as part of their weekly routine. For more information see -
The First-Tier Tribunal (FTT) recently considered a case which examined National Insurance Contributions from as far back as 1971. In this case, the appellant appealed against a decision by HMRC that she had made an election that allowed her to make National Insurance Contributions at a reduced (nil) rate.
The appellant argued that she had made the married woman’s election in 1974. Whilst the issue examined by the FTT strictly related to a challenge to HMRC to prove when an election had been made, in reality the appellant was concerned that she had made insufficient contributions to qualify for a full state pension.
HMRC furnished the FTT with quite detailed information regarding the appellant's working history which showed her past National Insurance Contributions. The FTT carefully examined both the appellant's recollection of events as well as evidence held by HMRC.
The FTT ultimately found that based on the evidence provided it was clear that the married woman’s election was made on 13 April 1971 (and not in 1974). There was a secondary argument of whether this election was valid as she was under the age of 18 at that time. Again, the FTT found in favour of HMRC.
The FTT considered the appellant to be an honest woman. However, recalling events from over 40 years ago is difficult and the FTT came to the conclusion that her recollection was imperfect. The appeal was dismissed.
Premium quality Banstead builder, Bentley Brothers, is now celebrating seven
successful years in business and is not standing still as it has already created some exciting expansion plans. This family firm specialises in
high quality extensions, primarily working on large houses within a 10 mile radius of its Woodmansterne, Banstead base.
Owned by brothers and co-directors Paul and Andy Bentley, the firm is proud to have brought new, higher standards to the building industry. Each brother has brought a particular skill set to the business. A feature of many of the 100 major projects completed since the firm’s inception has been the inclusion of state-of-the-art electronics, innovative design and other must-have features required by its customer base.
HMRC has published new guidance on the upcoming changes to tax relief for buy-to-let landlords. From April 2017, tax relief on mortgage costs is to be restricted to the basic rate of tax. Landlords of residential properties have benefited from tax relief on finance charges, such as mortgage interest for many years.
This change marks a seismic shift in tax relief for buy-to-let landlords and will leave many facing far larger tax bills than was previously the case. The reduction in the relief for finance costs for landlords will be phased in over four years from April 2017.
‘Local Giving’, is a campaign that is spreading across London, aiming to bring communities together to tackle local issues and make a positive impact.
The Sutton Centre for the Voluntary Sector, working in partnership with London Borough of Sutton, has secured funding to create a Local Giving scheme in Sutton.
"We are keen for business people, who are passionate about our borough’s future and are committed to making Sutton a better place, to become involved," said a spokesperson.
"The project is very much in its infancy and we’re currently determining local priorities to address within our borough whilst developing a distinct and memorable brand for Sutton Local Giving.
"We are looking for members of the business community to become Steering Group members or Ambassadors and help shape this initiative. We’re not asking for a huge time commitment, simply asking the business community to share their business skills and acumen to make a difference to our community.
"The Steering Group will meet on a monthly basis and ambassadors will be required to support our scheme on an occasional basis to help share Sutton Local Giving’s story and gain support."
To express an interest, please send an email to Jenny O’Neill, Development Manager at Sutton Local Giving - Jenny@suttoncvs.org.uk - briefly outlining the skills you can add to our Local Giving Scheme. We are looking for representation from a cross-section of businesses including larger players as well as SMEs, businesses based in different areas of the borough and from a range of market sectors.
Following it's major refurbishment one of Carshalton's oldest pub and hotels The Greyhound is offering a range of fantastically unique experiences to help summer go well.
"We are offering at the moment the availability to book out our beautiful outdoor huts, a deposit will be required when making the booking as they are so popular, along with terms and conditions," said a spokesperson.
August 6th 2016 - 10.30AM - 12.30PM
KETEL ONE VODKA
Join us with Ketel one Vodka where we explore the different kinds of styles of a Bloody Mary from your original kind to some extremely quirky... but very tasty kinds.
There are limited spaces on this event so ensure you book in at reception or email firstname.lastname@example.org
August 10th 2016 - 7.00PM - 10.45PM
GOSLING'S RUM TASTER NIGHT
Join Gosling's Rum to hear the history of their Rum and the family history.
Get to taste a Dark'N'Stormy, canapes and raffle prizes too!
Tickets are £15 each available from reception.
For full details of all of the facilities and activites at The Greyhound go to GREYHOUND