We have a great deal of experience in assisting clients in securing funding, and are currently working hard to help businesses to access the various Government schemes. Please click here to read our summary of help available to you.
The Government has announced that the expansion of the off-payroll working rules, known as IR35, will be delayed in the light of the COVID-19 pandemic. As reported previously, the rules are designed to ensure that an individual who works like an employee, but through their own limited company, pays Income Tax and NI contributions as […]
Soon after announcing the new Coronavirus self-employed income support scheme, the Government has now set out further guidance for Employers on the Job Retention Scheme (or ‘Furlough’ scheme to take its familiar name!) The further guidance is helpful, in that it helps ensure compliance and gives a better practical understanding of how the grant funding […]
The 2020 Budget is still a few weeks away, but the NIC rates and thresholds have been announced, together with details for other payroll deductions. Employees will benefit from a primary class 1 threshold of £9,500, as promised in the Conservative party manifesto. Employers will start paying NIC sooner at £8,788 (so a small […]
From April 2020, the holiday pay reference period will be lengthened from 12 to 52 weeks. The new regulations, which take effect from April 2020, will ensure anyone in seasonal work or with abnormal working hours receives the paid holiday to which they are entitled. The current Pay reference period only looks back at successful […]
HM Revenue & Customs (HMRC) has recently confirmed that the real-time information (RTI) full payment submission (FPS) must be submitted on or before the date that the employee is paid, unless the normal payment date falls on a non-banking day – Saturday, Sunday or bank holiday. On these occasions, payment is made on the last […]
Some employers find it more useful to operate a carpool making a number of cars available for use by employees when they have to make a business journey, as opposed to allocating specific cars to selected employees. Provided certain conditions are met, no benefit in kind tax charge will arise where an employee makes use […]
Recent research undertaken by Intuit QuickBooks indicates that around 45% of SME employees have paid too much tax due to errors in their payroll, and would benefit from the services of an accountant! The same research shows 77% of SME employees believed, incorrectly, that it was not their responsibility to check they are paying the […]
Businesses that flout their workplace pension duties face being subjected to random spot-checks by the Pensions Regulator. Employers that provide details to HM Revenue & Customs (HMRC) are having that data cross-referenced by the watchdog in an attempt to identify non-compliance with auto-enrolment. The checks are designed to identify businesses that are failing to enrol […]
A recent report from the Pensions Regulator shows that fines issued to employers that fail to comply with their auto-enrolment responsibilities have more than doubled over the last two years. In 2017/18, there were 36,137 fines issued to employers for not complying with the requirements of auto-enrolment – up from 14,708 such penalties in 2016/17. […]
