The latest version of the Employer Bulletin has now been released by HMRC. This edition has articles including: Coronavirus Job Retention Scheme VAT deferral new payment scheme New one-off payment of £500 to support working households receiving tax credits Extension…
If you run a business, you might provide benefits, or non-exempt expenses, to some or all of your employees. If you do, it is important to be aware of the annual P11D form that needs to be completed and sent…
At the start of the new tax year in April, the thresholds for student loans increased, which may affect employees that are repaying their academic fees. The threshold for student loan Plan 1 increased from £19,390 to £19,895 from this…
The ongoing Coronavirus pandemic is continuing to cause hardship for businesses and individuals alike. In a bid to provide additional much needed financial support, the Government has extended its economic support. Arguably one of the most important interventions has been…
From April 2021, the rate of Statutory Sick Pay (SSP) has increased by 50 pence - from £95.85 to £96.35. Employees should receive SSP if they are too ill to work or are requested not to come into work due…
Coronavirus Job Retention Scheme – claim submission dates: February claims must be submitted no later than Monday, 15 March 2021 1 March VAT registered construction businesses should note that this reverse charge measure is coming in on 1 March 2021.…
The latest version of the Employer Bulletin has now been released by HMRC. This edition has articles including: Coronavirus Job Retention Scheme End of tax year reporting and actions which you need to complete VAT reverse charges and changes to…
Redundancy may be a growing consideration for many businesses during this difficult period, especially as the Coronavirus Job Retention Scheme (CJRS) draws nearer to closing at the end of April 2021. Once you have conducted the necessary consultations and agreed…
Businesses need to prepare for new increases to the National Minimum and Living wage from 6 April this year, including changes to the age at which each rate applies. Minimum wage rates are reviewed annually and typically change at the…
More 130 companies were fined at the end of 2020 for failing to pay more than 95,000 workers over £6.7 million under the National Minimum Wage (NMW) rules. The latest data covers some of the largest UK companies, whose payroll…
