News

November 9, 2012

Chid Benefit Changes

From 7 January 2013, child benefit will be reduced for families where one partner earns between £50,000 and £60,000, and fully withdrawn from those who earn £60,000 or more. Earnings include salary, dividends, savings and rental income after deducting gift […]
November 9, 2012

Real Time Information…

Real Time Information (RTI) is being introduced to improve the operation of PAYE. It will make the PAYE system easier for employers and HM Revenue & Customs (HMRC) to operate, and employees will receive information more quickly. Using RTI, employers […]
August 20, 2012

Key Dates

Key dates to mark in your diary o – 19 August 2012 o – PAYE and NIC due for the month ended 5th August 2012. o – CIS return must be submitted for the month ended 5th August 2012 o […]
August 20, 2012

Shadow Directors

When a company fails to pay over the PAYE and NIC which should have been deducted from salaries paid to the employees and directors, HMRC can seek to recover the tax due from the directors and shadow directors of the […]
August 20, 2012

National Minimum Wage

The National Minimum Wage is due to increase again from 1 October is 2012. This is a legal right which covers workers above compulsory school leaving age. The new hourly rates are as follows: o – Workers aged 21 and […]
August 20, 2012

State Pension Age

The age at which we can expect to receive our State Pension has been steadily increasing. Previously a man could claim his State Pension at the age of 65 and a woman at 60; however the date that you become […]
May 14, 2012

Key Dates

Key dates in the financial calendar o – 19 May 2012 o – PAYE and NIC due for the month ended 5th May 2012. o – CIS return must be submitted for the month ended 5th May 2012 o – […]
May 14, 2012

Additional Bank Holiday

The Government has created a special bank holiday to mark the Queen’s Diamond Jubilee; however, whether your staff are entitled to the day off will depend on how your employment contracts are written. All employees are entitled to a minimum […]
May 14, 2012

Non-payment of PAYE

From 6th April 2012 HM Revenue & Customs (HMRC) will be able to ask employers to pay a security where there is serious risk that they won’t pay over their PAYE tax deductions or Class 1 National Insurance contributions (NICs). […]
May 14, 2012

Real Time Information

Real Time Information (RTI) is being introduced to improve the operation of PAYE. It will make the PAYE system easier for employers and HM Revenue & Customs (HMRC) to operate, and employees will receive information more quickly. Using RTI, employers […]
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