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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Digital quarterly updates

Following concerns raised in response to the government’s proposals to ‘Make Tax Digital’ the government has issued a myth buster which hopes to lessen the fears of many regarding the government’s proposals for quarterly updates. We will... Read Full Article...

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Reporting PAYE information ‘on or before’ paying employees

HMRC have announced that the relaxation which has permitted some employers with no more than nine employees to report their PAYE information for the tax month ‘on or before’ the last payday in the tax month, instead... Read Full Article...

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Extra 3% SDLT on the horizon for buy to lets and second homes

The Chancellor announced in the Autumn Statement last November that he would be introducing new rates of Stamp Duty Land Tax (SDLT) on purchases of buy to let properties or second homes.  An additional 3% SDLT charge... Read Full Article...

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Nuisance call companies warned to expect more fines

The Information Commissioner’s Office (ICO) is warning companies making nuisance calls to expect more fines in 2016. The ICO has reported that they imposed more than £1,000,000 worth of penalties for nuisance calls and text messages in... Read Full Article...

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Tax helpline for those affected by severe weather and flooding

HMRC have set up a helpline (number is 0800 904 7900) and will enable anyone affected to get practical help and advice on a wide range of tax problems they may be facing. HMRC will also: agree... Read Full Article...

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