You may have received a letter from the Pension Regulator telling you to prepare for auto-enrolment of employees into a pension scheme. There is no need to be alarmed, as your company may well be exempt from the auto-enrolment requirements.
read more
If you provide clothes for your staff to wear at work, you need to be aware of the tax and VAT implications, which may vary according to the items provided.
Where clothes would be considered to be part of the staff uniform, overalls or protective clothing needed for the job, the cost is tax for the business and the VAT can be reclaimed.
read more
The cost of childcare is a huge burden for many families, so any help an employer can provide is very welcome. Currently employers can provide tax free childcare vouchers worth up to £55 per week to each qualifying employee. This amount is restricted to £28 or £25 per week if the employee joined the childcare voucher scheme after 5 April 2011 and pays tax at 40% or 45%.
read more
If you have taken a cash lump sum from your pension pot since April you may have been surprised by the amount of tax deducted from the payment. In most cases the pension company will have calculated the tax using an emergency PAYE code, which generally means more tax was deducted than you are due to pay.
read more
In July 2014, HMRC issued a consultation regarding the draft The Income Tax (Pay As You Earn) (Amendment No. X) Regulations 2014 that would have made some important changes with regards to the issue of tax codes to employees via the coding notice P2.
read more
More than half (52 per cent) of UK HR professionals responding to a poll now engage regularly with employees about mental health.
read more
On average the 70m callers a year to HMRC’s helplines now wait almost 11 minutes before reaching an advisor.
When questioned about the increased waiting times an HMRC spokesman suggested people could use Twitter as an alternative.
read more
Morrisons has confirmed that one of its employees has been arrested following the theft last Thursday of payroll data covering the majority of its staff.
The Bradford-based supermarket chain said it would continue to work with the police following the arrest.
read more
