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Disguised Remuneration Loan Charge Starts April 2019

This new charge will apply to certain loans to directors and employees that are still outstanding at 5 April 2019 and new arrangements put in place after that date. The charge will affect arrangements involving loans made via Employee Benefit Trusts (EBTs) and similar disguised remuneration schemes adjudged by HMRC and the courts to be […]

Read more April 9th, 2019

Personal Service Company Changes From April 2020

In the Autumn Budget the Chancellor announced that the “off payroll” workers rules that currently apply in the public sector would be rolled out to the private sector in 2020. The government have now issued a consultation paper that sets out proposed tax and national insurance changes that will impact on those supplying their services […]

Read more April 9th, 2019

Scottish Income Tax Rates For 2019/20

The Scottish Parliament has the power to set income tax rates on non-savings and non-dividend income for Scottish taxpayers. It has been confirmed that the 5 band structure and tax rates (19%, 20%, 21%, 41% and 46%) will remain the same for 2019/20. The thresholds for lower tax rates will rise in line with inflation […]

Read more April 8th, 2019

Collecting Unpaid Tax For 2017/18 Through Your PAYE Coding

Under certain circumstances, it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on 31 January. This will depend upon the amount outstanding and the amount of income taxable under PAYE. There is a further condition that the return is submitted to HMRC online before […]

Read more December 7th, 2018

Reporting To HMRC Every Quarter To Go Ahead In 2018

The Government and HMRC remain committed to the “Making Tax Digital” (MTD) project with more information being sent online to HM Revenue and Customs (HMRC) by employers, pension funds, banks and other institutions. The next big step will be the introduction of quarterly reporting of income and expenditure by businesses and landlords from 2018. HMRC […]

Read more October 20th, 2016

Larger Employers Will Pay A New Apprenticeship Levy From 2017

A new apprenticeship levy will be introduced from 6 April 2017. Although all employers will be required to pay this new levy, set at 0.5% of their annual payroll cost, each employer will also have an annual credit equivalent to £15,000 to set against the levy, which means only the largest employers with payrolls of […]

Read more December 12th, 2015

Cracking Down On Unpaid Internships

HM Revenue and Customs has begun cracking down on companies offering unpaid internships. The move is part of an initiative to ensure that interns and young people are aware of what rights they have over pay, and where to go if they feel they are being exploited. HMRC has written to 200 employers who have […]

Read more December 12th, 2013

What Happens If I Don’t Pay the National Minimum Wage?

Earlier this month Norman Lamb, the Minister for Employment Relations named an employer under the BIS Scheme for “naming and shaming” employers who flaunt the National Minimum Wage (NMW) Legislation. Mrs Rita Patel, the owner of Treena Professional Hair and Beauty based in Leicester has been named as the latest offender. She failed to pay […]

Read more September 17th, 2012