U.K.鈥檚 new Real Time Information System (RTI) that changes how employee data is processed and streamlines UK Pay As You Earn (PAYE) tax system will be compulsory for all employers from October 2013. Business in the U.K. and those managing international employees in the U.K. should begin preparing at the earliest as new payroll software systems and compliance procedures may need to be implemented.
With UK鈥檚 RTI Nike Air Max 270 Noir Homme , employee details that are usually submitted to the HMRC (HM Revenue and Customs) at the end of a tax year e.g. details like the date of birth, address and national insurance number, must be provided every time an employee gets paid. From regular payroll – monthly or weekly – to whenever bonus, overtime, and commissions are paid or whenever an option is exercised or shares vest, returns must be filed on or before the actual date of payment.
The Highlights:
RTI comes into effect fully from October 6, 2013. Currently, the HMRC is running a pilot with 10 employers but the HMRC has power to add any employer to the pilot at any time i.e. employers must be ready now. The HMRC states 250,000 employers are expected to implement RTI between November 2012 and March 2013. For employers with workforce in the UK, new software may be needed to cope with the multiple return requirements. Clear compliance procedures and communication channels must be set to ensure UK payroll department receive the information timely. Processes must be set to ensure that your UK employee database is clean and ready for RTI.
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Fernando Alonso hopes to -extend his Ferrari contract beyond the end of 2016 and reckons he could have 10 more years of racing in Formula One.
The Spaniard was quoted on the Ferrari website on Wednesday as telling reporters at the Maranello factory ahead of the Italian Grand Prix that he had no desire to leave, despite persistent media speculation.
""It's a year now that I've been saying I want to stay at Ferrari and extend my contract,"" declared the 33-year-old double world champion. ""That's my wish, I repeat it every two weeks, at the end of every race, yet it's never said.""
Alonso joined Ferrari from Renault, where he won his -titles, in 2010 and has been three times a runner-up in the championship since then.
However, he and the team have not won a race since he -triumphed in his home Spanish Grand Prix in May last year and the Spaniard has been courted by McLaren, who are switching to Honda power next year.
""I have a contract for -another two years and as I always say on the subject of rumors and to ensure calm, what I want is to continue for the necessary years,"" said Alonso. ""Let's see if that can happen, but for the next two years at least, there is no problem.""
Alonso said winning was important but Ferrari, the sport's most successful and glamorous team down the decades, could offer a lot more than that.
""There is a passion for this team, which as a driver means you are already proud of what you are doing, independent of the results,"" he explained.
""The most important thing is to fix the things that are not going well on the car and in the team and to do everything that is needed.
""[Team principal Marco] Mattiacci also shares this desire to change things and to be more aggressive in our approach to our work. This renewed will to win makes staying at Ferrari even more attractive.""
Alonso made his debut in Formula One with Minardi as a 19-year-old in 2001 and he pointed to the example of -Michael Schumacher, the former Ferrari great who retired only in 2012 at the age of 43, as an example of how long he could continue.
""I've still got lots of seasons ahead of me. I could have -another 10,"" he said.
""It's a question of enjoying what you do and to still want to get up in the morning to train, to get on planes and fly to Australia and Malaysia, to race with a top car and to still get a good feeling from it all.
""As long as I have that desire and these feelings, I am not setting a time limit.""
(Agencies)
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WINDHOEK, May 18 (Xinhua) -- Rice production at the KalimbezaGreen Scheme, a national flagship project in Namibia's ZambeziRegion is progressing well.
The scheme is projected to yield above 120 tonnes of rice, saidproject manager, Patrick Kompeli on Thursday.
"I am confident that we will have a rice yield of more than 120tonnes, an increase from previous year's harvest," he said.
Production of short varieties of rice, namely: Sahel, Angola andIrga rice was also done in September 2016, planted on 70 hectaresfor commercial purposes.
According to Petrus Uugwanga, Managing Director of theAgricultural Business Development Agency, increased rice yieldswere achieved through research and other interventions.
These include the assistance to Namibia's irrigation projects byChinese experts who completed a two-year program imparting farmingskills at the Kalimbeza Rice Project.
The experts were deployed as part of an agreement on South toSouth Cooperation (SSC) signed in June 2014 between China, Food andAgriculture Organization (FAO) of the United Nations andNamibia.
Meanwhile, following its full commercialization of Kalimbezarice since 2015, the local production of rice has also been animport substitution to a great extent.
"This means that the 200 metric tonnes of rice that was supposedto be imported from somewhere else have been produced locally forthe country," said Uugwanga.
In the interim, plans are underway to increase production ofrice in the country. "It now time to upscale the production of riceat Kalimbeza. We need more land that we can develop as soon aspossible," Uugwanga said.