SMEs

6
Mar

Off-payroll working rules to go ahead from April 2020

  Review confirms off-payroll working rules to go ahead from April 2020 The government has confirmed that reforms to off-payroll working rules for the private sector will go ahead from 6 April 2020. The off-payroll rules have applied to the public sector since 2017 and the government has carried out a review of the roll-out to the private sector. The

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6
Mar

Coronavirus sick pay: ‘Day one’ Statutory Sick Pay

  Coronavirus measure: Statutory Sick Pay from ‘day one’ The Prime Minister, Boris Johnson, has announced that when it comes to Coronavirus, sick pay entitlement for employees will begin from day one. This means employees will be entitled to Statutory Sick Pay (SSP) from day one when self-isolating rather than having to wait until day four under the SSP waiting

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10
Dec

Employer guidance from HMRC

  Employer guidance from HMRC HMRC has issued Employer guidance in the latest Employer Bulletin. This issue includes articles on a number of areas including: guidance for employers on reporting PAYE information in real time when payments are made early at Christmas electronic payment deadline falls on a weekend Ultra Low Emission Vehicle High Income Child Benefit Charge deadline 31

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10
Dec

Check employment status for tax tool update

  Check employment status for tax tool update HMRC has issued an update to the Check employment status tool (CEST) in advance of the introduction of new tax rules proposed for individuals who provide their personal services via an ‘intermediary’ to a medium or large business. The tool is designed to give HMRC’s view of the status of contracts and

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10
Dec

Tax scams: Self Assessment avoidance tips (HMRC)

  Tax scams: HMRC offers tips on avoiding Self Assessment scams HMRC is giving information to taxpayers to help them avoid scams ahead of the Self Assessment deadline. HMRC is warning millions of Self Assessment taxpayers to be aware of fraudsters in the run up to the 31 January deadline. Over the last year, HMRC received almost 900,000 reports from

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10
Dec

Employee gifts: Making sure they are tax-free

  Employee gifts: Making sure they are tax-free Employee gifts… Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which should help employers ensure that the benefits provided are exempt and do not result in

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8
Oct

Experts warning over insolvency debts

  Experts warning over insolvency debts Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’, experts have warned Chancellor of the Exchequer Sajid Javid. The warning was issued in a letter from 11 business organisations and insolvency experts to the Chancellor. Signatories of the letter include the Institute of Chartered Accountants in

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9
Sep

Strong Customer Authentication

  Strong Customer Authentication The Financial Conduct Authority (FCA) has agreed a plan to give the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA). From 14 September 2019, new European Union (EU) rules apply that impact how banks or payment services providers verify their customers’ identities and validate payment instructions. The Strong Customer Authentication (SCA) rules

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9
Sep

PAYE late filing and late payment penalties

  PAYE late filing and late payment penalties HMRC has confirmed that it will continue its risk-based approach to payroll Real Time Information (RTI) PAYE late filing and late payment penalties this tax year. Rather than late filing and late payment penalties being issued automatically, HMRC will continue to issue them on a risk-assessed basis during 2019/20. HMRC has also

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9
Sep

EORI numbers issued by HMRC for Customs

  EORI numbers issued for Customs by HMRC In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is issuing Customs EORI numbers to businesses and automatically enrolling them in the customs system. HMRC has confirmed that more than 88,000 VAT-registered businesses across the UK will be allocated an Economic Operator Registration and Identification (EORI) number

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