P11D – Employers return of Directors / Employee’s Expenses and Benefits in Kind It is time to prepare the Forms P11D and P11D(b) for the 2020/21 tax year. The forms are the employer’s responsibility. They are required for directors or employees who are provided with...
Only 41% of SME businesses offer a pension salary sacrifice scheme to their employees compared to 61% of large and 85% of very large companies.(FT Advisor). Even less offer salary sacrifice arrangements to their employees and I often question why this is the case....
In the Tory leadership contest, Boris came out with a proposal to raise the Basic Rate Tax threshold to £80,000 (currently it is £50,000). This seemed like an outrageous and impractical proposition. At the time, some commentators saw it as an example of dead cat...
It is time to look at the changes that the new tax year (5 April 2019) provides for those clients with employees. Workplace Pension / Auto Enrolment Pension Rates The first notable change is the increase in contribution levels into the workplace pension from April...
Whether an individual is an employee or self-employed in a particular situation is a question of fact depending on the terms under which he or she works. When you engage someone to do work for you, you have to decide whether or not to apply the PAYE rules. It is up to...
This article concentrates on several changes that have occurred over recent months that all Employers should be aware of and should have already implemented together with common issues we come across within the payroll department. 1. From April 2018, increase in the...
