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Matching "HMRC" Tag

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The Chancellor has announced new support for employers from 1st November after the current Job Retention Scheme ends on 31st October.  Yet another challenge for payroll providers just when we thought we might get a couple of months breather before the Job Retention Bonus after the end of January and the end of the tax year in March! The Job Support Scheme will run for six months and is designed to…
HMRC is not always right when it comes to what you owe them.  Over the years we have had lots of situations where HMRC have told our clients they have underpaid PAYE when they haven't.  Although, to be fair, they do notify clients when they have overpaid too.  Recently a number of employers we work with…
Several of our clients have received HMRC notifcations of late payment of their PAYE over the last few weeks.  In April, May and June this was often because employers were out of their usual routine and forgot to set up payments, although a couple did think they didn't have to pay when they were using the furlough scheme! More recently though we have had two employers…
Becoming VAT registered can be a little daunting for those new to business.  It means keeping your accounts records organised and and up to date and ensuring that you have VAT receipts for all the business expenses you want to claim back VAT on.  It also means that you need to know whether the products or services you sell should have VAT added.…
During the current crisis HMRC has allowed VAT registered businesses to defer paying their VAT liability for the period between 20 March and 30 June 2020.  This deferment applied to VAT periods ending 29 February, 31 March and 30 April where payments would be due by 7 April, 7 May and 7 June. That deferment period is now finished…
Although lockdown has restricted business for many, as a payroll provider to a large number of businesses I know that some businesses have been taking on new employees over this period. There will also be individuals who have used this time to start their own business and will be planning for the costs involved in taking on their first employee as the business grows.  So if you are a potential new employer here are some points you need to think about along with the costs you need to plan for.…
Those of you who have more than a couple of employees and run your own payroll will probably be finding the current situation a bit of a minefield.  Not only are we starting a new tax year this month with its changes in National Insurance contributions, changes to student loan thresholds, a change to they way holiday is calculated…
There are lots of things to remember about VAT when you are VAT registered.  Here are ten things about VAT which you may not know. …
HMRC have confirmed the tax and NI thresholds for 2020-21 and some details of statutory parental bereavement pay.…
Employment allowance can be claimed by business which have a payroll with at least one employee or two directors earning over the secondary threshold.  The £3,000 allowance is set against your Class 1 National Insurance contributions…
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Salisbury
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