Many employers and even payroll professionals have welcomed what some claim is a return of the 12.07% holiday pay method … Continue reading New Holiday Pay 12.07% – not as easy as you think!
New Holiday Pay 12.07% – not as easy as you think!
Month: December 2023
6th Jan 2024 NI cuts – are you ready
At the Autumn Statement 2023 held on 22nd November, a 2% cut in the standard rate of National Insurance was … Continue reading 6th Jan 2024 NI cuts – are you ready
Prime Minister’s New Year’s message: 31 December 2023
Happy New Year, everyone. I hope you had a great Christmas. We can look back on a pretty momentous year. … Continue reading Prime Minister’s New Year’s message: 31 December 2023
Another avoidance umbrella named!
HM Revenue and Customs (HMRC) have named (21st December 2023) another tax avoidance promoter umbrella company using powers from the … Continue reading Another avoidance umbrella named!
Had a Christmas job? Check your pay!
Festive workers who may be missing out on the National Minimum Wage or National Living Wage are being urged to … Continue reading Had a Christmas job? Check your pay!
No frosty surprises when you claim tax relief with HMRC
Every penny counts at Christmas and employees eligible to claim a tax refund on any work-related expenses are being urged … Continue reading No frosty surprises when you claim tax relief with HMRC
Many Happy (Tax) Returns
There were 4,757 tax payers who filed their Self Assessment return on Christmas Day, according to HM Revenue and Customs … Continue reading Many Happy (Tax) Returns
New Year – Quit smoking
The NHS is launching a brand new smokefree campaign to encourage all 5.3 million smokers in England to make a … Continue reading New Year – Quit smoking
Spring Budget 2024 set for 6th March
Budget date announced HM Treasury has confirmed that the Chancellor Jeremy Hunt has commissioned the Office for Budget Responsibility to … Continue reading Spring Budget 2024 set for 6th March
HM Armed Forces Veteran Card launches in the New Year
The Ministry of Defence working with the Office for Veterans’ Affairs and Government Digital Services has develop a new digital … Continue reading HM Armed Forces Veteran Card launches in the New Year
Off-payroll working rules (IR35) – pause settlement option
The agent update 115 has reminded that at the Autumn Statement on 22nd November 2023, the government is introducing a … Continue reading Off-payroll working rules (IR35) – pause settlement option
HMRC now accepts some digital signatures
As part of Agent update 115, HM Revenue and Customs (HMRC) have confirmed that they will now accept digital or … Continue reading HMRC now accepts some digital signatures
HMRC Christmas and New Year opening times
HMRC have issued their Christmas opening hours. Opening times over Christmas and New Year Wednesday 24 December: 8am to 4pm … Continue reading HMRC Christmas and New Year opening times
Give the greatest gift and donate blood this Christmas
Registered blood donors urged to donate and fill appointment slots at one of 25 centres nationwide Help the NHS deal … Continue reading Give the greatest gift and donate blood this Christmas
Do I need to declare foreign income to HMRC?
UK resident taxpayers who have income from outside the UK may need to declare this income to HMRC. They have … Continue reading Do I need to declare foreign income to HMRC?
Welsh Income Tax April 2024
Photo by Lisa Fotios on Pexels.com Welsh Rates of Income Tax (WRIT) The process for Wales involves the UK Government … Continue reading Welsh Income Tax April 2024
Scottish Budget tax proposals for April 2024
Photo by Pixabay on Pexels.com The Scottish Budget 2024-2025 was presented to the Scottish Parliament on Tuesday 19th December 2023. … Continue reading Scottish Budget tax proposals for April 2024
Christmas payments and opening with DWP
The Department for work and pensions have issued information on revised payments of benefits due to the Christmas festive season. … Continue reading Christmas payments and opening with DWP
More than half a billion pounds in connectivity investment
Project Gigabit is the government’s flagship £5 billion programme to enable hard-to-reach communities to access lightning-fast gigabit-capable broadband. Over £530 … Continue reading More than half a billion pounds in connectivity investment
Flu – get vaccinated
UKHSA surveillance data shows the sharpest weekly increase in flu activity so far this winter, signalling flu season is officially … Continue reading Flu – get vaccinated
National Insurance change for directors – are you ready
As a result of the Autumn Statement reduction in NIC standard rates by 2% from 12% to 10%, employees will … Continue reading National Insurance change for directors – are you ready
Enforcement Notice on repayment agent ads
The Committee of Advertising Practice (CAP) and HM Revenue and Customs (HMRC) have seen an increase in ads from tax … Continue reading Enforcement Notice on repayment agent ads
2024/2025 P60 design
HMRC have issued the RD1 Specification for employers substitute forms P60 for the new 2024/2025 tax year. The RD1 guide … Continue reading 2024/2025 P60 design
Claim NIC rebates on relevant mileage
Impact of recent Upper Tribunal decision on National Insurance contributions When employees use their own car for work, relief from … Continue reading Claim NIC rebates on relevant mileage
Minimum Pay – Geographical approach to employers
National Minimum Wage compliance approach As part of the NMW compliance approach outlined in the December 2023 Employer Bulletin, HM … Continue reading Minimum Pay – Geographical approach to employers
Want to payroll benefits – plan and register soon for 2024/2025
Many employers provide benefits, whether as part of standard reward packages or via flexible reward choice programmes utilising Salary Sacrifice … Continue reading Want to payroll benefits – plan and register soon for 2024/2025
2024-2025: Car and van fuel benefit charges
Company van The Van Benefit Charge applies when an employee is provided with a company van and it is used … Continue reading 2024-2025: Car and van fuel benefit charges
December 2023 Employer Bulletin
HMRC have issued the December 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to … Continue reading December 2023 Employer Bulletin
Payroll 2024-25: Allowances, Rates and Thresholds from 6 April 2024
HM Revenue and Customs Software Developers Support Team have issued the following Monday 4th December 2023 and then updated further … Continue reading Payroll 2024-25: Allowances, Rates and Thresholds from 6 April 2024
Plans to cut net migration
Plan to deliver the biggest ever cut in net migration and curb abuse of the immigration system. The Home Secretary … Continue reading Plans to cut net migration
COVID loan abuser sentenced
Self-employed builder from Hounslow overstated income to claim £50,000 Bounce Back Loan then lost it in scam crypto investment scheme. … Continue reading COVID loan abuser sentenced
SSP daily rate tables confirmed
The HMRC Software Developers Support Team have confirmed the daily SSP rates. The weekly rate has already been issued as … Continue reading SSP daily rate tables confirmed
Student Loan Plan 4 threshold for April 2024 confirmed
HMRC Software Developers Support Team (SDST) has confirmed (Monday 4th December 2024), the student Plan Type 4 (Scotland) threshold applicable … Continue reading Student Loan Plan 4 threshold for April 2024 confirmed
Off-payroll working rules (IR35) responsibilities – new guidance
HM Revenue and Customs (HMRC) have published new guides to improve understanding of responsibilities when there are contractors in a … Continue reading
Off-payroll working rules (IR35) responsibilities – new guidance
Responsibilities for employment businesses working with umbrella companies
Working with HM Treasury (HMT) and the Department for Business and Trade (DBT), HM Revenue and Customs (HMRC) have published … Continue reading Responsibilities for employment businesses working with umbrella companies
HMRC names more tax avoidance schemes
HM Revenue and Customs (HMRC) have added more tax avoidance schemes that don’t work. Bluestar Financial Solutions Limited The scheme … Continue reading HMRC names more tax avoidance schemes