The Institute of Chartered Accountants in England and Wales has warned that employers face "huge" changes to the PAYE tax system, with HMRC's introduction of a new Real Time Information facility next year. The change is being introduced to coincide with the launch of the new universal credit state benefit, to reflect 'real time' earnings. Firms will be required to report to HMRC every time they run their payroll, rather than once a year as they do now. Paul Aplin, tax partner at Taunton-based accountants AC Mole & Sons and chairman of the ICAEW's tax faculty technical committee said: "All employers will have to move to RTI between April and October 2013. Employers should check that they have full details of all their employees."
Employment seminar will have arty twist
Barnstaple and District Chamber of Commerce is to host an employment seminar – with a difference – on October 17. As well as an update on employment law from solicitor Jon Dunkley, the chamber's president, the event will include a viewing of work by artist Gillian Jones in the town's newly restored St Anne's Chapel. The free event begins at 5.30pm with networking and the private viewing of artwork followed by the seminar, a guided tour of the chapel and networking.
FSB to host First Friday networking event
The Mid Devon branch of the Federation of Small Businesses will hold its latest First Friday networking event tomorrow, between 7.30am until 9am It will be held at the Hayridge Centre, Cullompton, in the new library building at the west end of the High Street. Hosting the event will be centre manager Tim Duxbury. To attend, call the FSB regional office on 01803 322499.
Jillian wins place on UKTI programme
Newton Abbot-based International Dance Supplies is continuing its focus on growing sales in America after its systems manager Jillian Bamsey won a place on UKTI scholarship programme, Competing and Winning in the US Market. She will be among a handful of selected delegates who will attend business classes at the Kellogg School of Management at Northwestern University, Chicago. IDS has previously has UKTI support to create an American-focused business plan and the launch of a US catalogue and website.