Over-collection of student loans hit the press with some ferocity last month adding salt to the very sore wound that many of our graduates now have. Latest figures out (for tax year 2015/16) show £51 … [Read more...]
Re-enrol time
Three years from your staging date you will be required to go through the re-enrolment process. This means that anyone who has ceased or opted out of the workplace pension more than 12 months from … [Read more...]
Employees and PTAs
Everyone can now access their individual 'Personal Tax Account' (PTA) via the HMRC Government Gateway. To do this they/you will need a Government Gateway login. Simply Google 'HMRC PTA' and the … [Read more...]
Dynamic Coding
Well, who would have ever thought that the words 'dynamic' and 'tax' would sit together but these are crazy times. Since the end of July; HMRC have moved to a 'dynamic coding' environment. This means … [Read more...]
What can we do?
Technology is changing all the time and we are trying very hard not to be dinosaurs so do think about whether we can amend our practices to assist you with yours. An alternative would be a BACS … [Read more...]
Up, up and away…
From last year we had the introduction of a national living wage on top of the national minimum wage. Instead of these being increased at two different times in the year (October and April) they have … [Read more...]
Pensions – what will it cost?
We all know that pension contribution rates will be going up. Well, it is still a while away but just so you can’t say I didn’t warn you, the new rates are shown here. Key dates Minimum … [Read more...]
The Apprenticeship Levy – what you cannot ignore
As an employer, you may have to pay the new apprenticeship levy (AKA tax) from 6 April 2017 if: You have an annual pay bill of more than £3 million, and You are connected to other companies or … [Read more...]
New rates and thresholds for tax year 2017-18
New thresholds detailed below but if you want edited highlights; personal allowance has been increased by £500 to £11,500 so your new standard tax code will be 1150L, we are also seeing for the first … [Read more...]
Student tax
Here are the new thresholds for Plan 1 for 2017. Despite pressure from many quarters the government is continuing to freeze the threshold for Plan 2 until at least 2021. This is a back-track from when … [Read more...]
