Changes to termination payments and post-employment notice pay (PENP)

Background Changes were made to the taxation of termination payments in Finance (No.2) Act 2017, with effect from April 2018 including: the introduction of PENP to ensure that all contractual, customary and non-contractual payments in lieu of notice are considered and consistently subjected to tax and National Insurance contributionsthe removal of foreign service relief on … Continue reading Changes to termination payments and post-employment notice pay (PENP)

February 2021 Employer Bulletin published

HMRC have published their new format web delivered Employer Bulletin. It’s absolutely packed with important information which will aid payroll professionals in obtaining vital information and guidance. There are a plethora of important topics: Coronavirus Job Retention SchemeVAT deferral new payment scheme – opt-in from the end of February 2021VAT reverse charge for construction and … Continue reading February 2021 Employer Bulletin published

Important – deadlines you need to be aware of for the Coronavirus Job Retention Scheme

Dear @PAYadvice, I’m writing to update you with the latest information on the Coronavirus Job Retention Scheme and the VAT Deferral New Payment Scheme – including actions you or your clients might need to take.  Coronavirus Job Retention Scheme (CJRS) The CJRS has been extended to 31‌‌‌ ‌‌March 2021 for all parts of the UK. … Continue reading Important – deadlines you need to be aware of for the Coronavirus Job Retention Scheme

Withdrawn job offer #COVID19 #coronavirus

In light of #COVID19 #coronavirus, can an employer withdraw a job offer? ACAS indicate that an employer can withdraw a offer of a job. However, if the offer had been accepted, then there may be a potential breach of contract. So there some question over whether the offer was conditional or unconditional. More information can … Continue reading Withdrawn job offer #COVID19 #coronavirus