Minimum Wage increases
Posted on Tuesday, March 12th, 2019
The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules.... Read Full Article...
Advisory fuel rates for company cars
Posted on Tuesday, March 12th, 2019
New company car advisory fuel rates have been published which take effect from 1 March 2019. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’.... Read Full Article...
Start date looming for Making Tax Digital for VAT
Posted on Tuesday, March 12th, 2019
The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC’s progress on delivery of Making Tax Digital (MTD). He confirmed there would be no further delays in... Read Full Article...
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HMRC advice – prepare for no deal
Posted on Wednesday, March 6th, 2019
HMRC is urging business owners to make sure they are ready for a potential no deal Brexit. Business owners are being urged to prepare now and take steps to ensure their businesses can continue to trade with... Read Full Article...
Pensions auto enrolment contributions to rise
Posted on Wednesday, March 6th, 2019
Minimum pension contributions are set to increase from 6 April 2019: Duration Employer minimum Total minimum contribution Current contributions 2% 5% 6 April 2019 onwards 3% 8% The Pensions Regulator has produced guidance for employers on... Read Full Article...
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Tax efficient investments ahead of the tax year end
Posted on Wednesday, March 6th, 2019
With the end of the tax year looming there is still time to save tax for 2018/19. Make full use of your ISA allowance – ISAs can offer a useful tax free way to save, whether this... Read Full Article...
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Latest update for employers
Posted on Wednesday, March 6th, 2019
HMRC has issued Employer Bulletin (February 2019) which includes a number of interesting articles on: End of year reporting Reporting expenses and benefits Student Loan notices and a new type of Student Loan repayment that employers will... Read Full Article...
Households with landlines should be vigilant
Posted on Wednesday, March 6th, 2019
Over recent years HMRC has increasingly cracked down on email and SMS phishing, and a number of criminals are turning to cold-calling publicly available phone numbers to steal money from taxpayers. These calls are often made to... Read Full Article...