More HMRC guidance on the Employment Allowance

The Employment Allowance of up to £2,000 is available to most employers from 6 April 2014. Employers can reduce the amount of National Insurance contributions (NICs) they pay for their employees by up to £2,000. This is... Read Full Article...

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P11D forms don’t get them wrong

HMRC have published a list of common errors in the completion of forms P11D and guidance that medical benefits for lower paid employees are not reportable. The information is part of the lengthy Employer Bulletin so we... Read Full Article...

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Shared Parental Leave

The current system of statutory pay and leave entitlements for employed parents is to be reformed for babies due (or adopted children placed) on or after 5 April 2015. The following guidance in contained in the lengthy... Read Full Article...

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Pay your PAYE on time or face in-year interest on late payments

HMRC have issued further guidance on late payment interest on PAYE and CIS payments for 2014/15 onwards and how to avoid it. HMRC now charges interest on any late PAYE and Construction Industry Scheme (CIS) payments. To... Read Full Article...

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Vat update and fuel scale charges

HMRC have issued guidance on a number of VAT changes including confirmation of the updated VAT Fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May... Read Full Article...

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Proposed new rules for easier prosecution of offshore tax evaders

The government will consult on plans to introduce a new strict liability criminal offence for individuals who hide their money offshore. HMRC would no longer need to prove that individuals who have undeclared income offshore intended to... Read Full Article...

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Late payments to smaller businesses on the increase

According to a recent survey by the Forum of Private Business (FPB) almost one in four smaller businesses experienced an increase in the number of late payments during 2013. Approximately a third of businesses surveyed reported an... Read Full Article...

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P11D deadline approaching

The forms P11D, and where appropriate P9D, which report details of expenses and benefits provided to employees and directors for the year ended 5 April 2014, are due for submission to HMRC by 6 July 2014. The... Read Full Article...

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Increase in NMW rates

The Government has approved a rise in the National Minimum Wage rates which will come into effect on 1 October 2014: a 19p (3%) increase in the adult rate (from £6.31 to £6.50 per hour) a 10p... Read Full Article...

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Tax-Free Childcare

Details of the new Tax-Free Childcare scheme which is to be launched in autumn 2015 have been announced. The scheme will be worth a maximum of £2,000 per child per year. The maximum amount due is calculated... Read Full Article...

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