Share your views about repayment agents

The government is keen to ensure that taxpayers pay the right amount of tax, and, where they are entitled to a refund, can access this easily. They are aware that some taxpayers face issues and feel misled when using agents that specialise in claiming tax refunds from HMRC. Repayment agents can provide a useful service … Continue reading Share your views about repayment agents

Student Loan Plan 1 & 2 thresholds confirmed for April 2023

The Department for Education has confirmed the Student Loan thresholds for Plan Type 1 and 2 to be operated from 6th April 2022. From 6 April 2023, the repayment threshold for pre-2012 (Plan 1) loans will rise to £22,015. The income threshold for post-2012 (Plan 2) from April 2023 will remain frozen at £27,295 as … Continue reading Student Loan Plan 1 & 2 thresholds confirmed for April 2023

Organised Labour Fraud

As part of the August 2022 employer bulletin, HMRC has issued information on Organised Labour Fraud. Organised labour fraud is the collective name HMRC gives to three main frauds: labour fraud in constructionmini-umbrella company fraudpayroll company fraud It’s ‘organised’ because it is orchestrated and conducted by organised crime groups. It’s ‘labour fraud’ because it always … Continue reading Organised Labour Fraud

Using the correct employee addresses — new starters

As part of the August 2022 employer bulletin, HMRC have emphasised the need for employers to notify the correct employee address on the first Full Payment Submission (FPS). Failure may result in an individual not being correctly identified, duplication, application by HMRC of a Temporary Reference Number (TRN) and the individuals record being placed into … Continue reading Using the correct employee addresses — new starters

PAYE new variable payment plan

From 19th September 2022, in response to feedback, employers’ with PAYE will be able to setup and take advantage of a new variable Direct Debit payment plan being introduced by HMRC. The service can be accessed through Pay employers’ PAYE or directly through the business tax account and the employers PAYE service. There will be … Continue reading PAYE new variable payment plan

August 2022 HMRC Employer Bulletin

HMRC have published their August 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE PAYE Settlement Agreements — introducing new digital version of the PSA1 Form Payment deadline and calculation reminder Employers PAYE — introduction of variable payment plan First Full Payment Submission for new starters: the importance of using the … Continue reading August 2022 HMRC Employer Bulletin

More tax avoidance schemes named

Countrywide Partners Limited has been named as a promoter of a tax avoidance scheme by HMRC. If you have been paid by them via this scheme where a part of your salary was in the form of a loan, please get in touch with HMRC now! Scheme users entered into an employment contract with Countrywide … Continue reading More tax avoidance schemes named

New pension scheme type launched

Collective Defined Contribution pension schemes, or CDCs for short, will offer an alternative to the UK’s two primary pension scheme models, Defined Contribution (DC) and Defined Benefit (DB). CDCs have the potential to provide improved retirement returns for savers, with more predictable costs for employers. Both employers and employees contribute to a collective fund from … Continue reading New pension scheme type launched

Grassroots football facilities to be named in honour of Lionesses class of Euros 2022

Government determined to build future legacy on the back of England’s success and increase participation for women and girlsComes as part of Government’s £230 million investment to build or improve 8,000 grassroots football and multi-sport facilities by 2025 Following the Lionesses’ success at UEFA Women’s EURO 2022, the Culture Secretary has announced that grassroots facilities … Continue reading Grassroots football facilities to be named in honour of Lionesses class of Euros 2022

New register to crack down on dirty money and corrupt elites in UK goes live

A new register being launched today will help root out corrupt elites using UK property to launder their illicit wealth. New register to flush out corrupt elites laundering money through UK property goes live todayoverseas entities that refuse to reveal the true owner of their property will face sale restrictions and could receive tough fines … Continue reading New register to crack down on dirty money and corrupt elites in UK goes live

Directors banned for abusing dissolution process

Directors disqualified under new powers to tackle directors from dissolving companies and walking away without paying their debts. The four directors were disqualified after they all secured bounce back loans before dissolving their companies to avoid paying their liabilities back. In the most recent case, Sirfraz Ahmad, from Leeds, was disqualified for 10 years after … Continue reading Directors banned for abusing dissolution process