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Taxation of employee benefits and expenses

Taxation of employee benefits and expenses   A new statutory exemption for trivial benefits in kind costing less than £50 will be introduced with effect from April 2016. This was...
/news/taxation-of-employee-benefits-and-expenses.htm

Employee share schemes: simplification of the rules

Employee share schemes: simplification of the rules Following recommendations from the Office of Tax Simplification (OTS), a number of changes are being made to the rules for employment-related...
/news/employee-share-schemes-simplification-of-the-rules.htm

Lifetime limit on employee shareholder status exemption

Lifetime limit on employee shareholder status exemption The Chancellor announced that for Employee Shareholder shares issued as consideration for entering into Employee Shareholder Agreements f...
/news/lifetime-limit-on-employee-shareholder-status-exemption.htm

Trivial benefits

Trivial benefits Employers will be aware that various changes have been made to the reporting requirements for employee benefits and expenses from April 2016, which mean that some employer...
/news/trivial-benefits.htm

When are tips taxable?

The Summer season usually sees a rise in the number of casual staff taken on by restaurants and cafes. Whilst the tax and NIC implications of wages is generally straight-forward, confusion often ar...
/news/when-are-tips-taxable.htm

Employer responsibilites for tips

Employer responsibilites for tips The tax and NIC treatment of tips will depend on how they are paid to the recipient.   Cash tips handed to an employee, or say, left on the table ...
/news/employer-responsibilites-for-tips.htm

Budget Update - Employers

Budget Update - Employers   NIC When business owners and accountants are asked what single action could simplify the tax system, most suggest merging income tax and NI. This messag...
/news/budget-update-employers.htm

Casual Employees and Employment status

Casual Employees and Employment status Some employers will be considering taking on extra staff on a 'casual' basis to cover the summer period. There are a few issues which employers sh...
/news/casual-employees-and-employment-status.htm

Offer gym membership or leisure facilities to employees and get tax breaks

In 2016/17, 1.3 million workers suffered from work-related ill-health, which equated to 25.7 million working days lost. This has been estimated to cost £522 per employee, and up to £32 ...
/news/offer-gym-membership-or-leisure-facilities-to-employees-and-get-tax-breaks.htm

Termination payments consultation – eg. redundancy payment

Termination payments consultation – eg. redundancy payment Following a recent consultation, the Office for Tax Simplification (OTS) is currently consulting on proposed changes to the tax ...
/news/termination-payments-consultation--eg-redundancy-payment.htm

Company vans update

A charge of income tax will generally arise if a company van is made available, by reason of employment, to an employee or a member of their family or household. It must be made available without a...
/news/company-vans-update.htm

Annual Payroll & RTI

Annual Payroll & RTI   Under real time information (RTI) PAYE reporting, a Full Payment Submission (FPS) report is required to be made to HMRC every time an employee is paid, not j...
/news/annual-payroll--rti.htm

Staff Clothes

Staff Clothes If you provide clothes for your staff to wear at work you need to be aware of the tax and VAT implications which may vary according to the items provided. Where the items pro...
/news/staff-clothes.htm

MTD (Making Tax Digital) update – When will this be mandatory?

HMRC's pilot of Making Tax Digital (MTD) for income tax has been extended and is now able to accept quarterly updates from individual landlords with simple tax affairs. We as agents can also si...
/news/mtd-making-tax-digital-update--when-will-this-be-mandatory.htm

Spring Budget 2017 - Individuals

Individuals Personal allowance and income tax threshold The personal allowance for 2017/18 is set at £11,500 (£11,000 in 2016-17), and the basic rate limit will be increased to ...
/news/spring-budget-2017---individuals.htm
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