Changes to Payroll End of Year Reporting

Completing the End Of Year Checklist is no longer mandatory HMRC has published amended PAYE legislation which, amongst other things, means that it will no longer be mandatory for employers to complete the final report checklist data items 111 to 117 on their last Full Payment Submission (FPS) or Employer Payment Summary (EPS) for a… Read more »

Read more »

Tax Rates and Thresholds for 2015-16.

Tax and tax credit rates and thresholds for 2015-16. 2014-15 2015-16 Per cent of income / £ a year Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate for savings income (*) 10% 0% Dividend ordinary rate 10% 10% Dividend upper rate 32.5% 32.5% Dividend additional rate 37.5% 37.5% Trust… Read more »

Read more »

Pension Regulator Writing to all Small and Micro Businesses

As you may be aware, all small and micro businesses are to receive letters from The Pensions Regulator in the coming months as part of a new campaign to give them key information on automatic enrolment, including when the duties affect them. The decision to write to more than 1.5 million addresses across the UK… Read more »

Read more »

Did you know you can transfer part of your tax free pay to your spouse or civil partner?

Transferable Allowances for married couples and civil partners In the 2013 Autumn Statement the Chancellor announced that from the tax year beginning 6 April 2015 where neither spouse is liable to income tax above the basic rate, individuals will be able to transfer part of their tax free personal allowances to their spouse or civil… Read more »

Read more »

6 Things You Need to Be Aware of Regarding the Recent Holiday Pay and Overtime Ruling

You may have seen some of the reports from Tuesday’s ruling from the Employment Appeal Tribunal (EAT)  around the fact that employers need to consider overtime when calculating holiday pay so we wanted to set out the facts and some advice to help you to manage this. 6 things you need to know to take care… Read more »

Read more »

The law on workplace pensions has changed and it affects all employers

The law on workplace pensions has changed. All employers are legally required to automatically enrol certain staff into a pension scheme and make contributions. Find out how this affects you at www.tpr.gov.uk All of the UK’s biggest employers and many larger sized medium employers have now passed their deadlines for automatic enrolment. By this summer,… Read more »

Read more »

Do you employ anyone under the age of 21?

From the 6 April 2015, if any of your employees are under the age of 21 you may no longer need to pay employer Class 1 secondary National Insurance contributions (NICs) for them. The rate of employer Class 1 secondary NICs for employees under the age of 21 will be 0% up to the new… Read more »

Read more »

Paper tax returns – deadline 31 October – Need more time?

Send your tax return online The 2013 to 2014 tax year ended on 5 April 2014, and the deadline for sending in a paper tax return is midnight 31 October 2014. If you send your tax return in online, the deadline is 31 January. To find out how to send your return online, sign up… Read more »

Read more »

Do you employ staff, or are you thinking of employing staff?

If so, you may need to know about Statutory Sick Pay, PAYE, expenses, or taking on your first employee. You can learn all about these things, and ask questions in HMRC’s extremely popular live webinars. If you employ nine or fewer people, Using Basic PAYE Tools will be of particular interest, but you might benefit… Read more »

Read more »

Help for small firms – Recruiting an Employee

There are seven step-by-step guides for small businesses on how to hire, manage and get the best from staff. The guides are practical, concise, easy to understand and designed so they can be picked up and put down as you need them. You can work through them in sequence, or go straight to the one… Read more »

Read more »

Do you pay HM Revenue & Customs at a Bank or Post Office ?

When you pay HMRC do you use a payslip and make your payment at a bank or Post Office counter? If so it is very important that you only use the official payslip issued by HMRC. Official HMRC payslips are those from the P30BC Payment Booklet, the bottom section of other HMRC forms, and some… Read more »

Read more »

What is Shared Parental Leave and Pay?

The Government is reforming the statutory pay and leave entitlements available to employed parents. For babies due or adopted children matched or placed on or after 5 April 2015 a new entitlement of Shared Parental Pay and Leave (ShPP/SPL) will replace Additional Statutory Paternity Pay and Leave (ASPP/APL). The parents of babies due or adopted… Read more »

Read more »