HMRC have issued further guidance on late payment interest on PAYE and CIS payments for 2014/15 onwards and how to avoid it. HMRC now charges interest on any late PAYE and Construction Industry Scheme (CIS) payments. To avoid an interest charge employers should pay by the due date, the difference between the following: what they […]

In a high profile decision HMRC has won a case in which the Icebreaker partnership schemes were shut down, after the tribunal ruled it was set up to shelter more than £120m in tax. The wealthy members of the scheme, which included Gary Barlow and two of his former Take That band mates, claimed to be […]

The current system of statutory pay and leave entitlements for employed parents is to be reformed for babies due (or adopted children placed) on or after 5 April 2015. The following guidance in contained in the lengthy Employer Bulletin so we have reproduced it in full. The Government is reforming the statutory pay and leave […]

HMRC have published a list of common errors in the completion of forms P11D and guidance that medical benefits for lower paid employees are not reportable. The information is part of the lengthy Employer Bulletin so we have reproduced the guidance below. ‘Common Mistakes The following is a list of common errors which are easily avoidable but […]

The Employment Allowance of up to £2,000 is available to most employers from 6 April 2014. Employers can reduce the amount of National Insurance contributions (NICs) they pay for their employees by up to £2,000. This is called the ‘Employment Allowance’. Employers generally won’t have to pay any employer National Insurance contributions at all if […]