The date the Auto enrolment minimum contributions were due to increase has changed in order to align with the tax year. So now, instead of total minimum contributions increasing from 2% to 5% in October 2017, a delay of six months until April 2018 will be applied. Similarly, the planned increase in contributions in October […] Read more »
HMRC confirms number of RTI non-filers
Hundreds of thousands of companies have so far failed to report Real Time Information (RTI) to HMRC. HMRC say that 300,000 schemes have not made the switch to RTI as at 5th June. As a result those companies have been sent letters informing them of their legal requirement to have filed PAYE in real time […] Read more »
Wrong Payroll Dates for RTI?
Now that RTI is in it’s third month since going live, the reporting of PAYE in real time has highlighted to HMRC that some employers are not operating PAYE correctly. Employers must ensure that PAYE is calculated and reported according to their actual payment date: NOT the date the payroll is run and NOT the […] Read more »
Tax Year End Procedure 2013
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 »
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 »
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 »