Employers Are You Claiming Your Employers Allowance?

Employers are you claiming your Employers Allowance? Most employers are entitled to claim Employers allowance worth £3000 this tax year against your business National Insurance, but many are missing out. We have identified refunds worth £16,000 for new clients in April alone when setting up their payroll. Many small employers running their payroll in house appear to be unaware of this significant…

IR35 Test Case

IR35 Test Case HMRC has won its first IR35 test case. The Managed Serviced Company (MSC) rules were introduced from 6 April 2007 to crack down on businesses that ignored the IR35 rules on an industrial scale. Those businesses provided tens of thousands of workers such as cleaners, drivers and security guards, with packaged service companies.…

Employers allowance

Employers Allowance For NI We have noticed a number of new clients have not been claiming their Employers Allowance for NI through payroll. We have saved each client up to £4000 each when taking over new payrolls recently and checking if they have enabled the employment allowance claim. This is easily missed, particularly by smaller employers without…

Budget 2016

Budget 2016 Budget 2016 at a glance Chancellor George Osborne has delivered his Budget 2016, setting out the government’s latest plans for the nation’s finances. Here are some of the key points: The personal tax allowance will go up to £11,500 from April 2017. The chancellor says this will give 31 million people a tax cut,…

Payrolling Benefits In Kind

Payrolling Benefits In Kind

Payrolling Benefits In Kind Supplementary guidance for payrolling benefits in kind has been published on the Gov.uk website. You can view the new guidance here. Statutory payrolling of benefits in kind (PBIK) comes into effect on 6 April 2016. Those intending to start or continue payrolling benefits and expenses in the 2016-2017 tax year must register with…

Employment allowance 2016

Employment Allowance 2016 The Government announced in the Autumn Statement plans to increase the National Insurance contributions (NICs) employment allowance 2016 from £2,000 to £3,000 a year from April. For companies where the director is the sole employee this allowance is now being restricted. From April 2016 sole director companies where the director is the only…

HMRC Quarterly Business Tax Returns

HMRC Quarterly Business Tax Returns More than 100,000 small firms have signed a petition demanding a rethink on proposals requiring most businesses to file HMRC quarterly business tax returns instead of annual tax returns via digital tax accounts. The petition was started on 16 December 2015 on the Government’s own portal. It has now received over 100,000 signatures which is the…