Category Archives: News
As we have just gone through the painful process of getting you all to complete a P35 checklist – you may recall the question “Are you a service company?” This refers to a nasty bit of HMRC legislation (IR 35) targeting contractors who operate through a limited company (known a service companies). Essentially, this is
HMRC have begun to issue penalties to employers who did not file their starter and leaver forms online in the period between 6 October 2011 and 5 January 2012. The penalties will range from £100 to £3,000 depending on the number of forms that should have been filed online. The penalties are triggered where an
The case of Sarah Cornes v HMRC [(TC01701], heard in November 2011) highlights what we are always saying to clients – if you have a problem paying your tax TALK to HMRC. This was a very sad case of a woman battling with personal and financial problems who tried to talk to HMRC in an
The honest answer is everything. The introduction of RTI is the biggest change in payroll since PAYE was first introduced. Under RTI employers will be required to return personal and payroll information about each employee as they make a payment to them. This will allow HMRC to track employees’ individual tax and earnings information real
According to an article in October’s Accountancy magazine HMRC have started issuing fines for late in-year PAYE/NICS payments in 2010-11. This is not about late payments after the year-end has been filed – these have always carried interest penalties. These new penalties have been raised where employers have consistently missed the monthly settlement deadline for
As agents and employers we are at that time of year once again when HMRC’s £400 penalty notices drop through the letterbox for failure to file year-end PAYE returns due 19th May. And once again, we are all left somewhat bemused by HMRC’s inability to produce these on a timely basis. Why can’t HMRC issue
Yes, its that time of year again; the nights are drawing in, leaves dropping off the trees and minimum wage rates going up… For pay periods beginning after 1st October the hourly rates are as follows:- Full adult rate goes from £5.93 to £6.08 18 to 20 year olds from £4.92 to £4.98 16 to
As some of you may have noticed, we have a new recruit – Amber somewhat fortuitously joined us in April; before we actually realised quite how busy we were going to be. So, it has been in at the deep end for Amber and I am delighted to say she is a great swimmer. Off
The royal Wedding and that blasted extra bank holiday has raised many questions from you and your employees about annual leave, bank holiday etc so here goes… The minimum statutory entitlement to paid annual leave is 28 days. This is based on a standard 5 day week so for part-timers this entitlement should be reduced
As ever the start of a new tax year usually brings with it some strange new, inexplicable behaviour from HMRC. This year has been no exception. Oh where to begin? Well, processing of year-end P35s has been much swifter this year – hence the early issuing of underpayment notices in respect of 2010-11. As ever,
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