Employment Tax

  • news-moneybox

    New tax free allowances started on 6th April

      The £5,000 dividend and savings allowance of up to £1,000 have been with us since 6 April 2016. There are now two further allowances available since 6 April 2017. There are concerns that these have not been widely publicised and not properly understood.   The first £1,000 allowance is against self-employed income. This is […]

    in Employment Tax on May 22, 2017 Comments 0
  • news-laptop

    U-Turn on self-employed NIC’s- for now…

      In his first Budget on 8th March, the new Chancellor Phillip Hammond announced that he would level the playing field between employees and the self-employed by increasing Class 4 National Insurance Contributions (NICs) from 9% to 10% from 6 April 2018 and then to 11% from 6 April 2019. His justification is that the […]

    in Employment Tax on May 3, 2017 Comments 0
  • news-moneybox

    Class 4 NICs

      The Chancellor announced two increases in Class 4 NI contributions for the self-employed in his budget and in the following week withdrew the increases for the term of the current parliament.   His original notion was to start the process of equalising the NI contributions made by the employed and self-employed now that State […]

    in Employment Tax on May 1, 2017 Comments 0
  • news-car

    The VW emissions fiasco

      Many owners of VWs will be peeved that they may have been misled if the recent revelations regarding published CO2 levels are confirmed: they will be driving cars that are not as environmentally friendly as they were led to believe.   VW have admitted that as many as 1.2m of its vehicles sold in […]

    in Employment Tax on November 23, 2015 Comments 0
  • news-pension-staging

    What is your business staging date?

      Pensions’ automatic enrolment is not going to go away. Businesses have begun to receive notification of their staging date: the date on which pension arrangement under the scheme should be in place.   According to the Pensions Regulator’s commentary on automatic enrolment:   “The law on workplace pensions has changed. Every employer with at […]

    in Business Tax, Employment Tax on June 8, 2015 Comments 0
  • news-car

    Reclaim VAT from mileage payments

      If you pay your employees a mileage rate for the business use of their personal vehicles, as long as you do not exceed the approved rates per mile, there is no necessity to report these payments to HMRC and the payment will not be treated as a taxable benefit. Employers and employees may also […]

    in Employment Tax on May 25, 2015 Comments 0
  • news-business-relief

    Domestic employment arrangements

      Did you know that if you take on domestic help you may be considered an employer?   Anyone who works in a private home is treated as an employee if they only work for one family, except for au pairs. This includes nannies, housekeepers, gardeners and anyone else working for one family. You’re their […]

    in Employment Tax on March 30, 2015 Comments 0
  • news-pension-advice

    Topping up your State Pension

      The Government has indicated that it wants to offer more to existing pensioners and people who reach State Pension age before 6 April 2016 when the single-tier pension is introduced.   To achieve this a new Class 3A voluntary contribution will be available from October 2015 to April 2017.   The Class 3A contribution […]

    in Employment Tax, General Tax, News on January 26, 2015 Comments 0
  • news-xmas-overtime

    Overtime and holiday pay

      In the past companies have tended to base holiday pay payments on a worker’s basic pay, excluding overtime. In a recent landmark case an Employment Tribunal has ruled that past, non-guaranteed overtime should be included in the calculation of holiday pay.   Here’s what ACAS have to say:   “Non-guaranteed overtime is where there […]

    in Employment Tax on December 29, 2014 Comments 0
  • news-gavel

    HMRC delays RTI penalties

      From 6 October 2014, HMRC was due to include smaller employers in the penalty regime for late filing of Real Time Information (RTI) payroll returns for 2014-15.   HMRC have announced that this penalty process will be delayed for a number of smaller employers. They will now start from:   6 October 2014 for […]

    in Employment Tax on October 7, 2014 Comments 0