Calculating holiday entitlement

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An area of your business which may need some clarification is when you are calculating holiday entitlement of your employees. An important thing to note is that employees cannot be paid “holiday pay” on top of normal pay. Instead, holiday has to actually be taken off work. In effect, the employee is effectively paid as […]

New “National Living Wage” Tax Credit Changes

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The most radical announcement by the Chancellor on 8th July was a significant reduction in the amount the government plans to spend on tax credits and other State benefits. At the same time he announced that there would a new national living wage to be paid by employers, rising to £9 an hour by 2020. […]

Scam emails

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Always be suspicious of any email mentioning a refund from a “tax credit office agent”. Look out for links to fake version of the GOV.UK website. Never provide details or similarly sensitive information on the basis of an email request. HMRC’s director general of benefits and credits, Nick Lodge, HMRC, said the department never asks […]

Flexible pensions to go ahead in 2015

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In his March 2014 Budget, the Chancellor announced that there would be significant changes to allow individuals to have greater access to their pension funds from 2015. The proposed changes have been consulted on during the summer and the Treasury have now published the outcome, together with draft pensions legislation, enabling the new flexible regime […]

RTI penalties delayed

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HMRC have announced that the start date for RTI late filing penalties for PAYE schemes with fewer than 50 employees has been postponed until 6 March 2015. The start date had originally been scheduled for 6 October 2014. HMRC have said that the extra time will give smaller employers, who appear to be experiencing the […]

RTI penalties begin in October 2014

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Earlier this year, HMRC announced that the RTI penalties for late returns of payroll information (RTI) would start from October 2014 instead of April 2014. If you operate your own payroll, make sure that your RTI submissions are made on time to avoid an automatic penalty. Remember that the RTI submission should normally be made […]

Consultation planned on employee’s travel rules

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The Office of Tax Simplification is seeking to make the current tax rules for dealing with travelling and subsistence claims clearer for both employees and employers. As a result, the treasury are consulting on possible changes to the rules and the way that such expenses are reported. The government intends for any new rules to […]

Agency workers and PAYE

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Changes in the Finance Act 2014 have tightened up the rules for “self-employed” workers supplying their services through UK agencies, employment businesses and other intermediaries. From 6 April 2015 the agency must decide whether the way in which the worker does their work is subject to (or to a right of) supervision, direction or control […]

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