April 2019

HMRC Talking Points

HMRC’s regular Talking Points webinars provide information, guidance and tips to help you understand tax issues. Forthcoming ones include: Statutory Maternity Pay: This webinar has been designed to provide guidance on what payments can be made and how to work them out. HMRC subject matter experts will be online during the webinar to take your questions. Thursday 25 April – 1pm

Read more

Read more

Making Tax Digital – information required by Agents to sign up a client

HMRC has provided further details on business information which is requested during an agent led sign up to Making Tax Digital. Please click here to view a flowchart that shows the information requested when an agent signs up a business, which varies slightly depending on the entity type.  

Read more

HMRC trials payroll changes to earlier year updates

In a bid to improve payroll reporting, HMRC is running a trial aimed at simplifying the process for reporting corrections by extending the use of the real time information (RTI) full payment submission (FPS). Employers can continue to report revised year to date payroll data after the current deadline of 19 April, following the end of the tax year, making

Read more

Read more

Taxpayers fight back as number of tax tribunals surges

Disputes between HMRC and taxpayers are increasing as the tax authority makes greater use of data collected from banks and foreign tax authorities, and more cases head to tax tribunals. The number of cases heard in the First Tier Tax (FTT) tribunal jumped by 43% over the last two years, according to figures obtained by accountancy firm Price Bailey. There

Read more

Read more

Payroll salaries rise by 6% year on year

Salaries for payroll jobs are increasing by up to 6% a year as pressure on recruitment increases, with competition for talent and the growing complexity of legislation making payroll an ever-increasing technical and specialist role, according to the latest Portfolio Payroll Salary Survey 2018/19. The average payroll salary increase was 6% last year, and in some cases up to 12%,

Read more

Read more

IR35 changes: preparation starts here

HMRC has issued advice on how firms and individuals can best prepare for changes to the off-payroll working rules (IR35), which are set to come into force next year. From 6 April 2020, the rules for engaging individuals through personal service companies (PSCs) will change. The responsibility for determining whether the off-payroll working rules apply will move to the organisation

Read more

Read more

Wellbeing programmes ‘could save British firms £61 billion a year’

Depression, poor lifestyle choices and stress were the cause of three-quarters of sick leave in 2018, costing UK businesses £61bn. New research from health insurer Vitality found that British businesses lost the equivalent of £81bn as a result of ill-health related absence and presenteeism in 2018 overall, a £4bn increase on 2017. The study also revealed that employers lose, on

Read more

Read more

All workers now entitled to a payslip

All workers must now be provided with payslips, including those on zero hours and in casual employment, after new legislation came into force on 6 April. Previously, only employees were entitled to receive a pay slip. Almost 300,000 workers who previously did not receive payslips will now be entitled to them. Information must be provided on the payslip where the

Read more

Read more

115,000 businesses waiting an average 57 days for payment

Almost 115,000 businesses waited an average of 57 days for payment in 2018 with more than 1,000 of these subsequently entering insolvency as a result, according to new data from insolvency specialist Begbies Traynor. The data, which was gathered from more than one million debtor day reports since 2011, also revealed that of those 1,000 businesses entering insolvency during 2018

Read more

Read more