Government moves to curb salary sacrifice

Ahead of the 2016 Autumn Statement there were rumours that the Chancellor Philip Hammond might limit the perks offered to employees by their employers. However, it soon became clear that he was out to prevent any tax advantage from salary

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HMRC to roll out real time PAYE coding adjustments by 2017

HM Revenue & Customs (HMRC) has released a list of priorities to allow for real time adjustments to taxpayer’s tax codes so that they pay the right amount of tax within the current tax year, as part of their ongoing

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HMRC PAYE updates

HM Revenue & Customs (HMRC) has updated its guidance on what to do when an employer does not owe Class 1A National Insurances Contributions (NICs). If an employer does not submit any P11D forms, they can log in to use

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FSB sounds alarm on National Living Wage

The Federation of Small Businesses (FSB) has issued a warning about the impact of the introduction of the new National Living Wage (NLW) on the ability of some SMEs to turn a profit. Research, published by the FSB in September,

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Revenue gets tough on salary sacrifice schemes

The previous Chancellor announced at the Budget in March 2016 that the government would consider restricting the range of Benefits in Kind (BiKs) that are exempt from Income Tax and National Insurance. In August, HM Revenue & Customs (HMRC) launched

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Student loan repayment arrangement altered by HMRC

HM Revenue & Customs (HMRC) has announced that it is making changes to the deduction of student loan repayments from employees’ pay with the introduction of two types of student loan. These have been referred to as plan one and

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Employment Allowance set to rise

The Employment Allowance that enables employers to reduce their NI bill by £2,000 is being extended from 6 April 2016 to £3,000.

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Get ready for payroll changes

Smailes Goldie is reminding clients that PAYE legislation is changing from 5 April 2016, so employers who intend to or are already payrolling benefits and expenses must register with HMRC using the new online Payrolling Benefits in Kind (PBIK) service.

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Self assessment warning over dividend changes

Changes to the way dividend income is taxed could drag people on lower incomes into self assessment and have implications for incorporation, tax experts have warned.

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Experts welcome more relaxed PAYE penalty regime

Tax experts have welcomed an HM Revenue & Customs’ (HMRC) announcement that it will take a less rigid approach to penalties for employers who provide PAYE information late.

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