DISTILLERY WORKERS HAVE A LOT OF BOTTLE.MORE than a quarter of SMEs are unaware of the pounds 250 Inland Revenue Inland Revenue Noun (in Britain and New Zealand) a government department that collects major direct taxes, such as income tax Noun 1. incentive if they file payroll returns onlineAccountancy software provider MYOB "Mind your own business." See digispeak. (chat) MYOB - mind your own business. found that, despite the Inland Revenue specifically targetting small businesses to e-file, companies with fewer than five employees are the group most likely to miss out, with 33 per cent unaware of the initiative. The Inland Revenue is changing the way that it accepts PAYE PAYE abbr. 1. pay as you earn 2. pay as you enter PAYE (in Britain, Australia and New Zealand) pay as you earn; a system by which income tax is deducted by employers and paid directly to the returns and over the next few years it will become mandatory to submit them online. Businesses that start filing online before the deadline are eligible for cash rewards. Come May 19, those small businesses that have less than 50 employees and that have filed their PAYE tax return online will be eligible for a pounds 250 reward this year and more cash rewards in the years that follow if they continue to post online. For more information, visit www.myob.co.uk |
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