If you’re an employer and provide expenses or benefits to employees or directors, you might need to tell HMRC and pay tax and National Insurance on them.
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CRYSTAL CLOUD
If you’re an employer and provide expenses or benefits to employees or directors, you might need to tell HMRC and pay tax and National Insurance on them.
Employers can make corrections to an Employer EPS by sending another EPS to report the correct total year-to-date figures for all recovered payments within that tax year. Employers have up to six years from when they sent in their original EPS to do this. HMRC have created a step-by-step flowchart for employers and their representatives […]
The list shows: professional bodies and learned societies, approved by HM Revenue & Customs (HMRC) for the purposes of Section 344 ITEPA 2003 (formerly S201 ICTA 1988) details of statutory fees or contributions allowable for earlier years 2003-04 onwards are within S343 ITEPA 2003 (for earlier years S201(2) ICTA 1988) The list includes all bodies […]
This year HM Revenue & Customs (HMRC) has not issued P2 coding notices to certain customers where there is no effect on their tax. P2s have not been issued to those who: are not in employment and/or not receiving Jobseekers or Employment Support Allowance, or have no liability to tax, or have a 2014-15 tax […]
There may be occasions when employers can't reconcile a charge shown on HM Revenue & Customs (HMRC) records to theirs. Here are a few steps employers can take to eliminate some of the most common errors and resolve the issue without having to contact HMRC. Business Tax Dashboard Ensure that you have left enough time for HMRC's […]
Following Royal Assent of the National Insurance Contributions Act 2014, HM Revenue & Customs - having taken account of comments received on the draft Employment Allowance arrangements - has now published the arrangements which set out how employers may claim the Employment Allowance. These underpin the employer guidance made available on 6 February 2014. Additional guidance to help employers […]
If you pay tax through Pay As You Earn (PAYE) as an employee or are paid a taxable UK based private pension, you may have received an Annual Coding Notice (called a P2) between January and March this year for the 2014 to 15 tax year. Your Annual Coding Notice tells you what your tax code will be […]
An HMRC guide to help you understand your tax & National Insurance obligations working for yourself as a childminder.
The government has introduced an online calculator for employers to see the effect the new Employment Allowance could have on their National Insurance Contributions bill. The Employment Allowance allows businesses and charities to reduce their Class 1 Employer National Insurance Contributions bill by up to £2000 each year. This calculator allows you to see the […]
Starter Checklist - to gather information about new employees When you take on a new employee, you must get specific information from them and report it to HM Revenue & Customs (HMRC) the first time you pay your new employee. Follow the guidance in the section 'Help and guidance relating to this form' to find […]
Key facts - who can claim The Employment Allowance is available from 6 April 2016. If you are eligible you can reduce your employer Class 1 NICs by up to £3,000 each tax year. You can claim the Employment Allowance if you are a business or charity (including Community Amateur Sports Clubs) that pays employer […]
What is P60? A P60 is a tax certificate that shows how much tax you have paid on your salary or certain benefits between 6th April to 5th April the following year. A P60 is issued if you are employed on 5th April or in receipt of taxable benefits. It is important you keep your […]
