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National Living Wage – Source – Croner TaxWise

Source – Croner TaxWise 28 March 2019 From 1st April 2019, the national living wage (NLW) for those aged 25 years and over will increase to £8.21 per hour. Minimum wage rates will also increase across the various age categories, rising to £7.70 per hour for 21-24 year olds, £6.15 per hour for 18-20 year olds

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EU Exit – Update from HMRC

Leaving the EU with a deal remains the government’s top priority. However, the government is continuing to prepare the country for every eventuality and is advising businesses to continue their preparations for the UK leaving the EU without a deal. We are providing tax agents with the latest details of the guidance and support available

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HMRC – Get ready for Making Tax Digital

HMRC is offering a range of support ahead of the changes due from A‌pr‌il 2‌01‌9 affecting VAT-registered businesses with a taxable turnover above £85,000. Here’s a selection for you. You can start with this short video to help you with ‘Digital record keeping for VAT’ on HMRC’s YouTube channel. Join us for the following live webinar, where

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HMRC – Let’s talk business expenses

There’s always guidance on expenses available from HMRC – whether you’re newly self-employed or you’ve been in business for a while. The following webinars are live and interactive. Use the on-screen text box to ask your questions. Business expenses for the self-employed: We’ll explain what business expenses are, what is and isn’t allowable and how using

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EU Exit – Update from HMRC

We are continuing to support UK businesses to help them prepare for the changes that will occur if the UK leaves the EU without a deal on 29 M‌ar‌c‌h. This week we published a letter to 135,000 UK businesses that currently trade goods with non-EU countries. The letter outlines important changes to customs procedures and VAT

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HMRC – Time to find out what’s new for 2019

Get ready for the new tax year with an overview of the key changes affecting payroll for the 2019-20. Employers – what’s new for 2019-20? Find out ‘what’s new’ – including the new rates for National Insurance, National Living Wage/National Minimum Wage and statutory payments, changes to expenses and benefits and Student Loan deductions. Plus, information on

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SOURCE – HMRC

Scottish Income Tax The Scotland Act 2016 gave the Scottish Government the power to set Income Tax rates and thresholds for Scottish taxpayers for 2017-18 onwards. The draft Scottish Budget, published on 12 December 2018, confirmed that the 5 band structure and tax rates (19%, 20%, 21%, 41% and 46%) will remain the same for

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Source – HMRC

Workplace Pensions – Contribution Increase This April will see the start of increased pension contributions for employers and their staff. The total minimum contribution will rise from 5% total to 8%. Increasing minimum contributions should be a straightforward task for employers but there are checks they will need to make with their pension and payroll

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Source – HMRC

Preparing businesses for EU Exit We have published our latest letter to UK businesses that trade only with the EU with details of important actions they need to take and changes to be aware of in the event of the UK leaving the EU without a deal. It is our third letter to businesses on

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HMRC – EU Exit ? Update from HMRC

GOV‌.UK – The best place for businesses to find information about the UK leaving the EU HMRC has produced a range of communications resources to help businesses prepare for the possibility of leaving the EU without a deal. This includes: Step-by-step guides to importing and exporting Guidance for businesses that trade with the EU Letters to support

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HMRC – National Minimum Wage and sleep-in shifts

We know that some employers find it hard to know how to treat sleep-in shifts for workers who receive the National Minimum Wage, or who are close to the threshold. HMRC’s new presentation explains all you need to know.  The presentation outlines different scenarios to help determine if the minimum wage is applicable to some or all

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Pension Increase 2019

From April 2019, the amount people pay into workplace pensions will rise as a minimum contribution from Employees are increased from 3% to 5% under auto-enrolment rules.  Employers will also see their contributions go up from 2% to 3%.

HMRC – Self-employment business expenses

Whether you’re newly self-employed or you’ve been in business for a while, there’s always guidance on expenses available from HMRC. Our short recorded webinars are a quick and easy place to start: Part 1: What are allowable business expenses? Part 2: Common business expenses Part 3: Simplified expenses. If you’d like a more interactive experience,

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What a no-deal Brexit means for your firm

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HMRC – What s new for employers in 2019?

Now is a good time to look at the key changes affecting payroll for the 2019-20 tax year. Employers – what’s new for 2019-20? Join this live webinar for an overview of ‘what’s new’ – including the new rates for National Insurance, National Living Wage/National Minimum Wage and Statutory Payments, changes to expenses and benefits

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HMRC Employers Bulletin

Reporting expenses and benefits Don’t forget that you’ll also need to tell us about and pay any Class 1A National Insurance contributions due on any expenses and benefits your employees received during 2018-19 (including the payrolled ones). If you registered online on or before 5 April 2018, and you are using the Payrolling Benefits in

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HMRC – Making Statutory Payments Clear

Whether you are a new or experienced employer, there’s plenty of free, up-to-date help available from HMRC. Here are some live webinars you can join. You can ask questions using the on-screen text box: Statutory Sick Pay: We’ll show you what to do when an employee is unable to work due to illness, how to calculate

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Croner Taxwise – Self-Assessment Penalties

Based on recent years HMRC will potentially issue at least 1 million late filing penalties.  It is important to be ahead of the game in terms of advising clients who have failed to meet the filing obligation and to be able to address disputes with HMRC. Finance Act 2009, Schedule 55 and Schedule 56 reformed

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