Christmas payroll advice for employers

Employers that are planning to pay workers earlier than usual over Christmas can benefit from a temporary relaxation of real-time reporting of payroll. The usual rule requires employers to report their payroll information through real-time information (RTI) to HMRC on...

Higher-rate earners hit by NICs rise

Individuals set to benefit from an increase to the higher-rate threshold in 2019 will only see half of the tax reduction expected, as a result of a measure not mentioned in the Budget speech. In Budget 2018, the Chancellor announced that the higher-rate income tax...

Treasury eyes ‘off-payroll’ crackdown

The Treasury is adding the finishing touches to revamped tax rules which in their current form are seen as enabling the self-employed to pay less in national insurance contributions, according to the BBC. Self-employed people who set up private companies to take on...

Half of businesses set to grant pay rises

Half of businesses plan to give staff pay rises of more than 2% in the next year, according to joint research by the British Chambers of Commerce (BCC) and Indeed. In a survey of 1,020 businesses, 50% of businesses said they planned to increase staff pay in line with...

P11D and P11D(b) deadline reminder

Employers have until 6 July 2018 to report employee benefits and expenses for the 2017/18 tax year. Any taxable benefits must be reported before the deadline using P11D and P11D(b) forms, which enable HMRC to calculate the class 1A national insurance contributions...
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