employer returns Archives - Page 11 of 12 - Whitefield Tax - Isle of Wight Accountants

Benefits in kind consultations

by Jessica Garbett | Jul 6, 2014 | ACCA, employer returns, personal taxatation, RTI

HMRC is consulting on four areas around benefits in kind during the summer. These were previously highlighted in the Budget and to recap are: The abolition of the £8,500 threshold The government has stated that it ‘believes that this threshold adds unnecessary...

Payroll – interest on late payments

by Jessica Garbett | Jun 14, 2014 | ACCA, employer returns

Topical advice on how interest is being accrued on late payments. Employers will be able to see an estimate of the interest building up on late payments on the Business Tax Dashboard. Those who pay electronically will have seen this from 19 May. It will appear until...

Tax credits: a new duty for payroll providers?

by Jessica Garbett | Jun 4, 2014 | ACCA, employer returns, personal finance, personal taxatation, RTI

With RTI being used to calculate renewal notices, how should employee queries be handled? During May and June HMRC is sending out renewal notices to those people claiming tax credits, but this year there will be a change in the procedure. For the first time HMRC will...

Employment Allowance

by Jessica Garbett | May 7, 2014 | business taxation, employer returns, personal taxatation

Employment Allowance is a new tax break to small businesses and has been in the media recently – we’ve produced a guide, including its impact on salary levels for directors of small companies and the salary / dividend mix. Our conclusion is that it changes...

RTI: reporting, payments and penalties

by Jessica Garbett | Apr 10, 2014 | ACCA, employer returns, RTI

Contributed by ACCA, in their own words Employers who have not yet taken up real time information (RTI) reporting must take action now. The first year of reporting under real time is coming to an end and employers will soon be making their final 2013-14 PAYE...

Goodbye to PTS – The Statutory Sick Pay Percentage Threshold Scheme will be replaced by the Health and Work Service

by Jessica Garbett | Apr 1, 2014 | ACCA, employer returns, personal taxatation

Contributed by ACCA, in their own words The Statutory Sick Pay Percentage Threshold Scheme will be replaced by the Health and Work Service. Under current legislation the Percentage Threshold Scheme (PTS) provided a measure of compensation for employers faced with high...

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Benefits in kind consultations

Payroll – interest on late payments

Tax credits: a new duty for payroll providers?

Employment Allowance

RTI: reporting, payments and penalties

Goodbye to PTS – The Statutory Sick Pay Percentage Threshold Scheme will be replaced by the Health and Work Service

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