March 21, 2022
Employers can choose to payroll their employees’ benefits via HMRC Payrolling Benefits In Kind (PBIK) service which aims to streamline the taxing of benefits in kind via the payroll function in real-time and eliminates the need to complete a P11Ds … Continue reading
March 13, 2020
Changes to Employment Allowance rules from April 2020 If you are an existing business that was claiming the Employment Allowance in 2019/20 tax year, you need to know about the reforms coming into effect in April 2020 and check whether under the … Continue reading
December 18, 2017
Overview If you make you payment electronically, you must pay your PAYE bill to HMRC by: – 22nd of the next tax month if you pay monthly 22nd after the end of the quarter if you pay quarterly, in each tax … Continue reading
April 27, 2017
Making sure your employees get paid on time and every time is one of the most important things you can do. It helps with staff morale and productivity, but many small business owners don’t have the resources or expertise to … Continue reading
January 19, 2017
Because many employed workers in the Film, Production & TV Broadcasting industry have often short-term engagements with differing employers, the normal operation of PAYE is regarded impractical and could lead to excessive deductions of tax. The seven-day rule means that … Continue reading
January 11, 2017
Gender Pay Gap Reporting for employers with 250 or more employees becomes compulsory in April 2018 The gender pay gap is an equality measure that shows the difference in average earnings between women and men. It doesn’t show differences in … Continue reading
December 7, 2016
Thinking of rewarding your employees’ hard work with a gift or a Christmas bonus? Then read on… Just because it’s Christmas doesn’t mean the tax rules disappear. The rules around rewarding staff at Christmas are confusing and can turn a … Continue reading
October 19, 2015
National Insurance (NI) is paid by both employers and employees. By paying NI contributions employees qualify for certain benefits such as the State pension and maternity leave. Employees pay Class 1 NI if they’re: 16 or over earning above £155 … Continue reading
October 16, 2015
If you pay expenses or benefits to your staff or directors you will need to tell HMRC and pay tax and National Insurance (NI) on them. Benefits include: Health insurance Company cars Travel and entertainment expenses Childcare Here’s a full … Continue reading
October 16, 2015
You must give your staff a payslip every time they get paid, whether that’s every two weeks or every month. This will show you how much they’ve been paid and how much tax and National Insurance have been taken away. … Continue reading
