Student Loans Thresholds The thresholds from 6 April 2018 are: • Plan 1 £18,330 • Plan 2 £25,000. Remember to check and operate the correct plan type when you set up student loan deductions for an employee. You’ll find the plan type information on form SL1, the starter checklist or by asking your employee. If
PAYE late filing penalties for the tax year ending 5 April 2018 The Quarter 4 late filing penalty notices will start to be issued during week commencing 7 May 2018. Appealing against a penalty online Use the online appeals service if you don’t agree with your penalty as it’s the quickest and easiest way to
My client sells goods on the internet to private customers. He makes sales within the UK and outside the EU, but the bulk of his turnover is now into other EU member states. He charges UK VAT on his sales to EU customers at present – is he correct to do this? He is considering finding a small warehouse in one of the member states from which to make his EU distribution. How would that affect his VAT accounting?
A. Sales of goods to customers in the UK will be subject UK domestic VAT. Sales outside the EU can be zero-rated exports as long as the supplier has the correct evidence of goods leaving the UK and going to the customer outside the EU within 3 months of making the sale. For sales of goods
If you provide benefits to your employees join us to find out more including how you could save time by including employees’ benefits on your payroll instead of sending P11Ds. Our webinars are free and interactive – you can ask questions using the on-screen text box. Expenses and benefits – an introduction: This webinar is
We’ve got the latest information on end of year tasks, expenses and benefits in kind with this selection of online help for you. Our live webinars are interactive so you can ask questions using the on-screen text box. Expenses and benefits for employers – case studies Join us for an overview of the tax and
Tax & VAT Briefing March 2018
All HMRC’s online help and support is free. Our live webinars are interactive, so you can ask questions using the on-screen text box. VAT – now you are registered: In this webinar, you’ll find out how to charge and reclaim VAT, correct mistakes, keep VAT accounts and make payments. Monday 9 April – 2pm to 3pm Book
Thursday is the end of the tax year have you used your ISA allowance for the year? If you are a director have you allocated a dividend for 17/18 tax year – this is the last year you will be allowed to withdraw £5,000 tax free, it will reduce next year to £2,000. Make sure
On 6 April the minimum amount employers must pay into workplace pensions is going up On 6 April 2018, by law, the minimum amount employers have to pay into workplace pensions goes up to 2% of qualifying earnings, while staff will now contribute 3% – making a combined total minimum contribution of 5%.
My client is currently trading as a partnership and exceeded the VAT registration limit in March 2018, requiring them to be VAT registered with effect from 1 May. However, they are considering incorporating from the beginning of the tax year (6 April 2018) and running the business from that date via the company. As the
Our live webinars will help you get your payroll off to the right start in the new tax year. The webinars are free and interactive, so you can ask questions using the on-screen textbox. Employers – what’s new for 2018: Join this webinar for information on new and revised processes as well as updated rates,
April brings with it several developments which are set to alter the landscape of employment law, particularly in the area of employee wages and other monetary issues. It is important your clients are aware of these and review their practices to ensure they’re acting lawfully. Minimum wage increases National Minimum Wage (NMW) and National Living
A. Due to the abundance of legislation that applies to land transactions and gifts, various tax implications are of concern. Where only an income stream is transferred and the transferor retains an interest in the capital value of the property generating the income, the income is treated for income tax purposes of the income of the
A cross taxes enquiry can involve a visit by what seems to be an army of HMRC officers (the most we have seen is nine at one meeting for a relatively small company) to consider all or selected aspects of tax including employer compliance, national minimum wage, national insurance, pensions, income tax, corporation tax. With
Do you have any questions about statutory sick pay or managing sick leave? Our free webinar, hosted jointly with ACAS (Advisory, Conciliation and Arbitration Service) can help answer them. HMRC and ACAS – Managing Sick Leave and Pay There will be a brief summary of statutory sick pay entitlement. Also, how to manage sick leave and
If you’re not sure what business expenses to claim, look no further. Help is at your fingertips with this range of online support designed for you. Business expenses for the self-employed: Find out what expenses are allowable, including travel, overnight expenses, premises costs and using your home. Discover how simplified expenses can save you time.
Here’s a selection of online support for you and your business. Join us to find out more. Capital Allowances for the self-employed: If you use traditional accounting, this webinar shows you how to claim for the longer life items you buy for your business such as vans, tools or machinery. Monday 26 February – 2pm
We’re running a series of webinars next week on the key topics affecting payroll from April 2018. Employers – what’s new for 2018: An overview of the changes including the new rates for National Insurance, National Living Wage/National Minimum Wage, statutory payments, the changes to expenses and benefits and more. Monday 26 February – midday
Get up to speed with the key changes affecting payroll from April 2018 with our series of webinars which we’re running throughout February and March. Employers – what’s new for 2018: Join this live webinar for an overview of the changes, including the new rates for National Insurance, National Living Wage/National Minimum Wage and statutory
From claiming the right expenses to budgeting and self-employed National Insurance, take advantage of HMRC’s online support. Self-employed help and support: Especially for sole traders and partnerships, our live webinar covers topics affecting small self-employed businesses, such as allowable and simplified expenses and budgeting for your tax bill. Wednesday 21 February – 1pm to 2pm
Whether you’re a new or an experienced employer, there’s plenty of free online help available from HMRC. You can ask questions using the on-screen text box on all live webinars. Statutory Sick Pay: We’ll show you what to do when an employee goes off sick, the qualifying conditions, how to calculate Statutory Sick Pay and
Cash businesses have always been targeted by HMRC but we are seeing the direct tax side of HMRC adopt more of the aggressive traits demonstrated by the VAT side, there are more test purchases and unannounced visits. Get yourself protected by signing up to our Fee Protection Scheme.
Automatic enrolment doesn’t end with your client’s declaration of compliance So, you’ve helped your clients assess their staff, put them into a workplace pension, and declare their compliance. But automatic enrolment (AE) doesn’t end there, and neither do your clients’ responsibilities. They still have legal duties that need to be completed – automatic
Take advantage of our online support for VAT, giving you straightforward advice that’s easy to use. VAT and motoring expenses: This live webinar provides an overview of how to reclaim VAT on a car, hiring and leasing vehicles, commercial vehicles and other motoring expenses such as repairs and maintenance. Monday 19 February – 10am to