Blog

 From October 2013, PAYE schemes will automatically be closed where No real time PAYE submissions have been made No payments have been made to HMRC The employer is not an annual payer There is no evidence that the employer wants to claim Construction Industry Scheme deductions The employer has not received an advance from HMRC There have been no periods Continue Reading

This month gives us an excuse to let our hair down and enjoy a well earned celebration with our work colleagues and partners. This article is a reminder of the tax concessions that apply to the costs of providing the Christmas bash. The cost of an annual staff party or similar function is allowed as a deduction for tax purposes. Continue Reading

According to HMRC the highest rate of Income Tax is 45%. This will apply to anyone with income over £150,000. Income below this amount is taxed at 40%, or a combination of 20% and 40%. However, if your income marginally exceeds £100,000, for every £2 your income exceeds this amount you will lose £1 of your personal tax allowance. For Continue Reading

The Pension Regulator issued a press release 17 October 2013 alerting medium sized businesses of their obligation to set up and automatically enrol employees in a pension scheme. They said: “The clock is ticking for thousands of medium sized employers across the UK who have six months to go before their duty to automatically enrol workers into a work-based pension Continue Reading