New personal tax statement for 24mn people

From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne has announced. This is 4 million more people than was originally announced at the Budget 2012. The additional people are PAYE taxpayers who have had recent contact from HMRC setting[…]

Employment law changes in effect

A number of changes to employment rules and regulations came into force with the start of the new financial year on 6 April. The changes affect many areas of employment law, from employment tribunals and discrimination, to everyday areas such as auto-enrolment and maternity pay. Key changes: Statutory maternity and paternity pay have increased from[…]

Posted in HR

Auto enrolment increases pension membership

The percentage of private sector employees in a workplace pension scheme increased from 26% in 2011 to 35% in 2013, according to research commissioned by the Department for Work and Pensions. The Employers Pension Provision survey shows that at the time of the research, 2% of private sector businesses had passed their staging dates. These[…]

Unemployment falls to 6.9%

The unemployment rate fell by 77,000 to 2.24 million between December 2013 and February 2014, according to figures from the Office for National Statistics (ONS). The official unemployment rate now stands at 6.9%, the lowest since February 2009. Key employment data: 30.39 million people were in work between December 2013 and February 2014 This is[…]

Residence and domicile

A guide to the differences between residence and domicile for tax purposes Domicile and residence can each have a significant impact on how much UK tax you must pay, or indeed if you must pay UK tax at all. Both terms are used for tax purposes and have little to do with citizenship or nationality.[…]

Loans to employees and directors

This guide looks at the rules regarding loans made to employees or directors by a company. As an employer, you may often be willing to lend company money to a director or employee. This could be to help them pay for a season ticket to commute to work, to help an employee relocate to a[…]