By now you would surely have heard about Real Time Information (RTI), the completely new system of reporting PAYE to HMRC. Starting from April 2013, under RTI, employers will submit information about PAYE payments to HMRC online throughout the year, rather than at the end of the year. Every time you process your payroll, your […] Read more »
Paye Late Filing Penalties
HMRC have addressed the concerns about the delay in informing employers of late PAYE end of year returns and subsequent penalties. In previous years, employers who did not file their annual P35 return by 19 May incurred penalties of £100 per 50 or fewer employees for each month that their return was late. In some […] Read more »
First Employer Obligations For Pensions
Don’t be fooled into thinking Auto enrolment is too far away in the future to worry about yet. The first thing an employer should do in preparation for the new employer duties is to find out when their staging date is likely to be. The staging date will be based on the size of your […] Read more »
Tax Year End Preparations
The end of another tax year is approaching. This is a busy time for payrollers and there are numerous payment and reporting deadlines to be met if penalties are to be avoided. It is vital that employers and their agents understand what needs to be done and when, and that they have all the required […] Read more »
Statutory Paternity Pay & Leave For Fathers
Additional statutory paternity pay/leave (ASPP/ASPL) is a new statutory right for fathers of children who were due on or after 3rd April 2011. It gives fathers a right of up to 26 weeks’ extra leave which can be taken once the mother has returned to work. Up to 19 weeks can be paid as long […] Read more »
Autumn Statement 2011
Chancellor George Osborne delivered his Autumn Statement to Parliament on Tuesday 29th November. Since the March budget a number of consultation papers and discussion documents have been published by HMRC. Draft legislation relating to many of these areas will be published on 6th December 2011. Here are some of the proposals: Personal Tax for 2012/13 […] Read more »
National Minimum Wage: Common Mistakes
The NMW exists to protect low paid workers by providing a ‘wage floor’ that employers cannot legally go below. HMRC enforces the NMW and in 2010/11, HMRC identified almost £4 million in arrears, benefitting around 23,000 workers. HMRC want to help employers comply with NMW requirements. It saves employers the cost and hassle of an […] Read more »