The nurses story – failed tax avoidance

HMRC have shared stories of contractors who have been caught up in tax avoidance schemes. They were promised higher take-home pay, lower tax bills and less paperwork. Instead, it cost them time, money and stress. Tanya is a single parent. She works as a critical care nurse at her local hospital. She found her job … Continue reading The nurses story – failed tax avoidance

Disguised remuneration: settling your tax affairs #loancharge

HMRC have updated their guidance 19th November 2020 about paying what is owed to HMRC and added new information about providing settlement information. The #loancharge deadline passed on 30th September 2020. Guidance is now available for those who want to settle all their tax liabilities related to disguised remuneration and loans subject to the loan … Continue reading Disguised remuneration: settling your tax affairs #loancharge

October 2020 HMRC Employer Bulletin

Dear @PAYadvice, [The] Employer Bulletin (October 2020, Issue 86) includes all of the latest COVID-19 updates to help [employers] continue to meet [their] payroll obligations to HMRC, including recent government announcements of additional support for businesses and employees. We’ve included the latest update on both the Coronavirus Job Retention Scheme and the Job Retention Bonus, … Continue reading October 2020 HMRC Employer Bulletin

Loan charge deadline 30th September

Message sent on behalf of the HMRC Counter Avoidance Team. There’s still time to file, pay or discuss a Time to Pay arrangement With the 30 September 2020 deadline approaching, customers with loans subject to the Loan Charge should be mindful of any actions they need to address well in advance of the 30 September … Continue reading Loan charge deadline 30th September

Employer Bulletin (August 2020 – issue 85)

HMRC have issued the August 2020 edition of the Employer Bulletin covering: Coronavirus Job Retention Scheme and what employers need to do from August onwardsMake sure you’re paying the correct workplace pension contributionsNew law to ensure furloughed employees receive full statutory redundancy paymentsDeadline to report the disguised remuneration loan charge – 30 September 2020COVID-19 – … Continue reading Employer Bulletin (August 2020 – issue 85)

Disguised remuneration Loan Charge – 20th September 2020 deadline

PAYadvice (as an AML HMRC regulated agent) can assist with the filing of the Loan Charge form on your behalf. If you need our assistance please make contact stating ‘Loan Charge’ within your contact message. HMRC have confirmed that any outstanding disguised remuneration loans that are subject to the Loan Charge must report the details … Continue reading Disguised remuneration Loan Charge – 20th September 2020 deadline