HMRC launches Tax Confident, a new website to help people understand tax in plain, simple terms. HMRC launches ‘Tax Confident’ website designed to fill tax knowledge … Continue reading Get ‘Tax Confident’
Get ‘Tax Confident’
Tag: #Tax
New figures reveal 7 million started a new job in 2025
Jobseekers and those starting new jobs encouraged to download the HMRC app for essential job-related information. With National Careers Week … Continue reading New figures reveal 7 million started a new job in 2025
Isle of Man Budget 2026 changes tax, National Insurance and Minimum Wage
Treasury Minister Chris Thomas MHK emphasised financial discipline and investment in services alongside a substantial rise in the personal allowance … Continue reading Isle of Man Budget 2026 changes tax, National Insurance and Minimum Wage
HMRC electronic payment deadline for February and March 2026
As part of the February Employer Bulletin, the HMRC are reminding employers that the regular electronic payment deadline of 22nd … Continue reading HMRC electronic payment deadline for February and March 2026
Payroll technical specifications: Income Tax April 2026
The 'Specification for PAYE tax table routines' has been updated to version 24.0 (February 2026). HM Revenue and Customs have … Continue reading Payroll technical specifications: Income Tax April 2026
Payroll 2026-2027: Allowances, Rates and Thresholds – updates on Income Tax
(c)2025 Photo by PSP The HMRC issued the following (edited) information on Friday 16th January 2026 confirming the U.K. tax … Continue reading Payroll 2026-2027: Allowances, Rates and Thresholds – updates on Income Tax
2026/2027 P60 & eP60 substitute adjustments
The HMRC have issued the RD1 Specification for employer substitute form P60 and e P60 for the tax year 2026 … Continue reading 2026/2027 P60 & eP60 substitute adjustments
Umbrellas — rules to tackle non-compliance
What are umbrella companies? Umbrella companies are employment intermediaries that employ workers on behalf of agencies and end clients. Many … Continue reading Umbrellas — rules to tackle non-compliance
Budget 2025 – The Red Box
The Red Budget Box According to information published by Parliament, the word Budget comes from an old French word ‘bougette’ … Continue reading Budget 2025 – The Red Box
Exchequer Secretary speech to the annual HMRC Conference
(C)2025 PAYadvice Ltd Simon Parsons of SD Worx, PAYadvice and representing the BCS Oayroll Group (part of the Chartered Institute … Continue reading Exchequer Secretary speech to the annual HMRC Conference
Autumn 2025 budget date announced
On Wednesday 3rd September 2025, the Chancellor Rachel Reeves confirmed that the date of the Budget will be held on … Continue reading Autumn 2025 budget date announced
Workers to take control of their tax affairs with new HMRC services
New PAYE service announced to save around 35 million taxpayers’ time. At least 90% of taxpayer interactions with HMRC to be digital … Continue reading Workers to take control of their tax affairs with new HMRC services
Side hustlers urged to get tax returns sorted now
Side hustlers urged to get tax returns sorted now If you earn more than £1,000 from additional income, you may … Continue reading Side hustlers urged to get tax returns sorted now
Received an HMRC Simple Assessment letter?
HM Revenue and Customs (HMRC) automatically do a Simple Assessment if you owe tax they can’t collect through your PAYE … Continue reading Received an HMRC Simple Assessment letter?
5.3% Tax gap
The estimated tax gap for the 2023 to 2024 tax year is £46.8 billion. The government has announced plans to … Continue reading 5.3% Tax gap
Taxing Cryptoassets
Find out how Income Tax and National Insurance contributions apply when you receive cryptoassets (like cryptocurrency or bitcoin). HM Revenue … Continue reading Taxing Cryptoassets
What does my tax code mean?
What is the tax code for? The government collects Income Tax to fund public services in the U.K. it pays … Continue reading What does my tax code mean?
Payroll Technical Specification – Income Tax
The HM Revenue and Customs (HMRC) have published on 20th January 2025 the 'Specification for PAYE tax table routines' updated … Continue reading Payroll Technical Specification – Income Tax
Tax and online sellers
If you’re selling unwanted items online there is no new tax rule. Earlier this year there was a lot of … Continue reading Tax and online sellers
Talk Money week – 4-8 November 2024
PAYadvice.UK is supporting Talk Money Week, which aims to break down barriers and make it easier for people to share … Continue reading Talk Money week – 4-8 November 2024
Company Car Tax goes up – April 2025
As part of the Autumn Budget 2024 documentation Annex A, the company car tax rates for April 2025 have confirmed … Continue reading Company Car Tax goes up – April 2025
Issue 124 of Agent Update – October 2024
Dear PAYadvice.UK, Agent Update: issue 124 is available now. Get the latest guidance and information including:•helping us protect workers from getting … Continue reading Issue 124 of Agent Update – October 2024
Data capture of business tax identifiers on RTI FPS
As part of the October 2024 employer bulletin, HMRC are reminding employers of RTI data items to report in relation to … Continue reading Data capture of business tax identifiers on RTI FPS
October 2024 Employer Bulletin
HMRC have issued the October 2024 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, … Continue reading October 2024 Employer Bulletin
Self Assessment: online help just a click or swipe away
Self Assessment filers urged to use online guidance as top 5 calls to helpline revealed HMRC reveals the most common calls … Continue reading Self Assessment: online help just a click or swipe away
Closing the TAX GAP
HMRC package At the Labour party conference (September 2024), Chancellor Rachel Reeves outlined a package of reforms to improve the … Continue reading Closing the TAX GAP
July 2024 Employer bulletin
HMRC have issued the July 2024 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, … Continue reading July 2024 Employer bulletin
Leap year – Tax Week 53, 54 and 56
There has been a number of discussions in social media about week 53 and what should happen with tax codes. … Continue reading Leap year – Tax Week 53, 54 and 56
March 2024 Employer Bulletin
HMRC have issued the March 2024 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, … Continue reading March 2024 Employer Bulletin
VAT threshold increases -Budget 2024
As part of the 6th March 2024, the chancellor announced an increase to the VAT registration threshold “We should reward … Continue reading VAT threshold increases -Budget 2024
Budget 2024 – Payroll impacts etc.
The budget 2024, Wednesday 6th March 2024, announced a number of changes , some of which impact payroll software, service … Continue reading Budget 2024 – Payroll impacts etc.
February 2024 Employer Bulletin
HMRC have issued the February 2024 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to support employers, … Continue reading February 2024 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
Income Tax 2024/2025
As part of the Autumn Statement 2023, the government have provided the following information on the operation of Income Tax … Continue reading Income Tax 2024/2025
Marriage Allowance: find out if you could be better off in just 30 seconds
Couples who are married or in a civil partnership are being urged by HM Revenue and Customs (HMRC) to spend … Continue reading Marriage Allowance: find out if you could be better off in just 30 seconds
Autumn Statement set for 22nd November 2023
During the National Payroll Week, the Chancellor of the Exchequer, Jeremy Hunt, announced on 5th September 2023 that he will … Continue reading Autumn Statement set for 22nd November 2023
Change of circumstances – Do you need to complete a Self Assessment tax return?
If someone has had a change in circumstances, then they might need to complete their first ever Self Assessment tax … Continue reading Change of circumstances – Do you need to complete a Self Assessment tax return?
August 2023 Employer Bulletin
HMRC have issued the August 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to … Continue reading August 2023 Employer Bulletin
Employer Bulletin – June 2023
Introduction HMRC have issued the June 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance … Continue reading Employer Bulletin – June 2023
PAYE account misbalance – the dreaded duplicates!
Every month HMRC creates a PAYE charge for all employers and pension providers. A "small number" contact the HMRC employer … Continue reading PAYE account misbalance – the dreaded duplicates!
April 2023 Employer Bulletin
HMRC have issued the April 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to … Continue reading April 2023 Employer Bulletin
STOP notices served on 6 more avoidance schemes
Under the Promoters of Tax Avoidance Schemes (POTAS) regime, HMRC can publish information about promoters of tax avoidance schemes that … Continue reading STOP notices served on 6 more avoidance schemes
Want to check your tax code?
Now we are in the new tax year, it may be a suitable time to check your tax code. Millions … Continue reading Want to check your tax code?
No more Paper P11Ds to HMRC
The HM Revenue and Customs Software Developer Support Team have confirmed changes to the acceptable P11D submission due from 6th … Continue reading No more Paper P11Ds to HMRC
HMRC issue guidance for 2023/2024 tax year
The HMRC have update their employer guidance CWG2, CWG5 and also the guide to gross-up where employer pay the tax … Continue reading HMRC issue guidance for 2023/2024 tax year
Major changes to reporting benefits
HM Revenue and Customs has informed employers as part of the February 2023 Employer Bulletin of changes to reporting benefits. … Continue reading Major changes to reporting benefits
Getting your tax code right!
PAYE notice of coding, also known as a P2 gives taxpayers an explanation of what their tax code is and … Continue reading Getting your tax code right!
HMRC Loan charge discovery assessments
Disguised remuneration loan schemes were used to avoid paying Income Tax and National Insurance contributions. Those classed as having a … Continue reading HMRC Loan charge discovery assessments
Autumn Statement 2022
Dear PAYadvice.UK, The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Chancellor … Continue reading Autumn Statement 2022
Chancellor delivers plan for stability, growth and public services
The Chancellor has, Thursday 17th November 2022, announced the Autumn Statement, its aim to restore stability to the economy, protect … Continue reading Chancellor delivers plan for stability, growth and public services
Additional Rate tax update
The Chancellor confirmed an update to plans for the Additional Rate tax on the morning of 3rd October 2022. “From … Continue reading Additional Rate tax update
Preparing for the 3rd National Insurance payroll change!
With the resignation of Boris Johnson and the ongoing election of a new Prime Minister with announcements to be made … Continue reading Preparing for the 3rd National Insurance payroll change!
HMRC to revoke Moscow Stock Exchange’s status
HM Revenue and Customs (HMRC), has today announced its intention to revoke the Moscow Stock Exchange’s (MOEX) status as a … Continue reading HMRC to revoke Moscow Stock Exchange’s status
Income tax drop to 19% in 2024 brought forward to 2023 and then cancelled
As part of the Spring Statement 2022 announcement, the Chancellor, Rishi Sunak, announced that in 2024 when the rate of … Continue reading Income tax drop to 19% in 2024 brought forward to 2023 and then cancelled
April 2022 – New Tax Year resources
PAYadvice endeavours to keep you as up to date as possible with the latest and developing changes impacting payroll and … Continue reading April 2022 – New Tax Year resources
COVID tax easement for those affected by travel restrictions ending
In 2020 HMRC introduced guidance indicating that non-UK resident employees stranded in the UK because of coronavirus travel restrictions would … Continue reading COVID tax easement for those affected by travel restrictions ending
HMRC December 2021 Employer Bulletin
HMRC have issued the December 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer … Continue reading HMRC December 2021 Employer Bulletin
Steps to modernise and simplify UK tax system
As part of Tax Administration and Maintenance Day the government has set out more detail on work to deliver a … Continue reading Steps to modernise and simplify UK tax system
Check on illegal working practices in the security industry
The Security Industry Authority (SIA) and HMRC have carried out joint operations in London, Bradford and Glasgow last week to … Continue reading Check on illegal working practices in the security industry
Tax Administration and Maintenance Day – 30th November 2021
A Tax Administration and Maintenance day (TAMD) will take place on 30th November 2021.Consultations for announcements made at Autumn Budget … Continue reading Tax Administration and Maintenance Day – 30th November 2021
Just some extra cash!
HM Revenue and Customs (HMRC) are reminding individuals that obtaining additional income from various sources may need to be declared … Continue reading Just some extra cash!