Articles and information in relation to UK Payroll for business, employers and employees.
Every family across the UK will pay less tax on meals and days out as new VAT cut helps families enjoy trips to the seaside and making memories with loved ones. “I cannot think of a simpler and more accessible way to bring some affordable treats into family life this summer” – more businesses back … Continue reading Great British Summer Savings: Tax cut on kids’ meals and days out goes live
HMRC has secured a landmark victory at an Upper Tier Tribunal against Mini Umbrella Company (MUC) fraud. The judgement states that MUC’s fraud is valued at hundreds of millions per year, through abuse of the VAT Flat Rate Scheme and Employment Allowance. This tribunal decision is claimed to will help create fair competition for legitimate businesses, … Continue reading Mini Umbrella Company fraud tribunal win for HMRC
HMRC highlights online support for small businesses to help them understand their tax responsibilities Running a small business, working for yourself, or considering self-employment? HMRC’s free online guidance and interactive tools can help you understand your tax responsibilities As Small Business Saturday approaches, HM Revenue and Customs (HMRC) has launched a new interactive online tool … Continue reading New support for Small Business
HMRC picked up a new VAT email scam associated with a QR code. We have posted about it on social/digital media to warn people. We would be very grateful for any support from you on social media, etc. if that’s possible. Here are our posts: X - https://twitter.com/i/status/1782803752388342084 Facebook - https://fb.watch/rDBLKlAsfd/ LinkedIn - https://www.linkedin.com/feed/update/urn:li:activity:7188570176559140864/ 🚨 SCAM ALERT 🚨 … Continue reading HMRC notify new scam alert
28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 to £90,000 Over one million properties protected from higher bills by freezing the small business rates multiplier for a fourth consecutive year Government backs British businesses as it sticks to the plan to cut taxes, … Continue reading VAT threshold raised and rates frozen in boost for small business
The following information has been issued by HMRC following the government spring budget held on Wednesday 6th March 2024. Dear PAYadvice.UK , Today, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Spring Budget speech and set out the government’s plans to bring forward a series of reforms to ensure the … Continue reading HMRC – Spring Budget 2024
As part of the 6th March 2024, the chancellor announced an increase to the VAT registration threshold “We should reward smaller businesses who make a big impact on our society & employ millions of people. That's why from April 1, we're increasing the VAT registration threshold from £85,000 to £90,000 - cutting taxes for small … Continue reading VAT threshold increases -Budget 2024
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
HMRC have issued information on fraud being committed by a number of Mini Umbrella Companies. HMRC claim that every business which either places or uses temporary labour should be aware of the potential dangers posed to by mini umbrella company fraud. Not only can a fraudulent supply chain lead to reputational and financial damage to … Continue reading Mini Umbrella Company (MUC) fraud
HMRC have issued the April 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer Bulletin there are updates and information on COVID-19 updates and information:Coronavirus Job Retention SchemeVAT deferral new payment schemeNew one-off payment of £500 to support working households receiving tax creditsExtension of filing dates for internationally mobile … Continue reading HMRC April 2021 Employer Bulletin
If your business deferred VAT payments due between 20th March 2020 and 30th June 2020 and it still has payments to make, the business can: pay the deferred VAT in full, on or before 31st March 2021join the VAT deferral new payment scheme – the online service is open between 23rd February 2021 and 21st … Continue reading Pay VAT deferred due to coronavirus (COVID-19)