Auto enrolment success for small businesses

More than 90% of the first small employers required to put their staff into a workplace pension have now complied with the law. Around 12,000 small and micro employers became subject to the new legal requirements last... Read Full Article...

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What will the Budget bring for businesses?

With two Budgets in 2015 it does not feel like that long ago since we last had a Budget but the next one is not that far away and will take place on  Wednesday 16 March 2016. Ahead... Read Full Article...

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Changes to the taxation of saving income

There are significant changes to the income tax rules from 6 April 2016 which affect the taxation of savings income. From 6 April 2016, if you are a basic taxpayer you may be able to receive up to... Read Full Article...

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Year end tax planning

We are fast approaching the end of the tax year there is still time to save tax for 2015/16. We have set out some points you may want to consider. Review dividend payment timing – with new dividend... Read Full Article...

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Trivial benefits exemption

From April 2016, where trivial benefits are provided to employees they may be exempt from tax if certain conditions are met. The conditions are: the cost of providing the benefit does not exceed £50 the benefit is... Read Full Article...

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Benefits and expenses – bespoke scale rates

From 6 April 2016 there are a lot of changes to the way in which benefits and expenses are reported to HMRC. HMRC have set out the maximum tax and NICs free allowances that can be paid... Read Full Article...

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 March 2016. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The... Read Full Article...

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Apprentices and employer National Insurance

From 6 April 2016, if you employ an apprentice you may not need to pay employer Class 1 national insurance contributions (NICs) on their earnings up to £827 a week (£43,000 per annum). To be eligible for this... Read Full Article...

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Pensioners ‘to gain’ from new single tier state pension but younger people ‘worse off’

A new single tier state pension is to be introduced for those reaching state pension age from 6 April 2016 onwards. According to research by the Department for Work and Pensions (DWP) many pensioners will receive a... Read Full Article...

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New National Living Wage to boost living standards

The government is reminding employers that a new National Living Wage (NLW) is being introduced from 1 April 2016 and advising employers to get ready for this change. The NLW rate will be payable to workers in... Read Full Article...

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