Register to payroll benefits in kind
Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC after the end …
Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC after the end …
For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which is …
As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth …
As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the …
No one wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is …
As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your …
If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals, you can use …
In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from 12% to 10%. …
The self-employed have historically paid two classes of National Insurance – Class 2 and Class 4. However, this is set to change from April 2024 …
Tax and accounting rules are not identical and it is sometimes necessary to adjust the accounting profit to arrive at the profit for tax purposes. …
Strict reporting deadlines apply under Real Time Information (RTI). Employers are required to report employees’ pay and deductions to HMRC electronically on the Full Payment …
The marriage allowance is not a separate allowance as such – rather, it is a transfer of part of one spouse or civil partner’s personal …