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Real Time Payroll Information

Real Time Payroll Information   HMRC is asking all employers to spring-clean their payroll data to prepare for RTI. What does RTI stand for? It stands for Real Time Information, a...
/news/real-time-payroll-information.htm

RTI Gathers Pace

RTI Gathers Pace We warned you previously about the new real time information (RTI) process. Now HMRC are writing to all employers who are not already part of an RTI pilot, to tell them how to ...
/news/rti-gathers-pace.htm

Planning for RTI

Planning for RTI If you are an employer you should have received information from HMRC about operating PAYE under Real Time Information (RTI).  RTI requires more data to be submitted to th...
/news/planning-for-rti.htm

RTI - More Information

RTI - More Information   The rules for reporting wages, hours worked and payroll deductions under real time information (RTI) are still being written. What to report RTI repo...
/news/rti---more-information.htm

Employment allowance

Employment allowance Businesses will have their employer national insurance bill cut by another £1,000 from April 2016, as the employment allowance rises from £2,000 to £3,000...
/news/employment-allowance.htm

Individuals - Autumn Statement

Individuals Starting rate of savings tax The band of savings income that is subject to the 0% starting rate will be kept at its current level of £5,000 for 2016-17. Employme...
/news/individuals---autumn-statement.htm

The Correct Way with Directors NICs

The Correct Way With Directors' NICs In certain situations the non-cumulative nature for calculating employee Class 1 National Insurance Contributions (NICs) makes it possible to manipulate...
/news/the-correct-way-with-directors-nics.htm

The cost of driving a ‘greener’ car

The cost of driving a ‘greener’ car The financial benefits of driving a company car have continued to erode over recent years, but this benefit remains one of the most popular and p...
/news/the-cost-of-driving-a-greener-car.htm

Investor's relief

This new relief is designed to complement entrepreneurs' relief by extending the 10% rate of CGT to gains accruing on disposals of qualifying shares by investors in a company who have no connec...
/news/investors-relief.htm

More tax relief possibilities for self-funded work-related training

The government has launched a consultation on plans to extend the existing tax relief available for self-funded work-related training by employees and the self-employed, as part of the go...
/news/more-tax-relief-possibilities-for-.htm

Q1. I have five employees who I recently took out for dinner to celebrate the success of the company

Q1. I have five employees who I recently took out for dinner to celebrate the success of the company. The total cost of the meal was £225. Do I have to report this as a benefit-in-kind to HMR...
/news/q1-i-have-five-employees-who-i-recently-took-out-for-dinner-to-celebrate-the-success-of-the-company.htm

Travel to and from your permanent workplace - not allowed

Travel to and from your permanent workplace - not allowed If you contract through your own personal service company (PSC), you will be an employee of that company and you have to obey the ...
/news/travel-to-and-from-your-permanent-workplace---not-allowed.htm

PAYE Notices are Coming

PAYE Notices are Coming The Tax Office has started to issue electronic PAYE code notices (forms P9) to employers for 2011/12. If you have provided an email address for the Tax Office to cont...
/news/paye-notices.htm

Property rental income split between spouses...

Q. I am an employee and am liable to income tax at the higher rate. I also receive income from a rental property that I own. My wife does not work. If I instruct the tenants to pay the rent directl...
/news/i-am-an-employee-and-am-liable-to-income-tax-at-the-higher-rate.htm

Interest-free loan for rail fare ticket

Q. My employer has offered to give me an interest-free loan to purchase an annual rail fare ticket costing £3,500. Will I have to pay tax on the loan?  A. Strictly, the taxable benef...
/news/interest-free-loan-for-rail-fare-ticket.htm
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