Coronavirus Job Retention Scheme

UPDATED 9 APRIL 2020 What has changed since 7th April? As below, we advised that business owners must submit their own applications for the Coronavirus Job Retention Scheme grant, and that we, unfortunately, could not do this on our clients’ behalf. We are pleased to say that HMRC have released new information which indicates that[…]

Charity

Giving to charity in life and death

How to include charitable donations in your tax planning strategy. Incorporating charitable giving into your tax planning strategy can be a useful way to reduce both your income tax and the inheritance tax (IHT) that will eventually become payable on your estate. As such, gifts may become an important component of both the estate planning[…]

New holiday pay rules come into effect

Employers will need to account for overtime when calculating holiday pay from 1 July 2015. The Employment Appeal Tribunal (EAT) ruled in November 2014 that employers must factor in overtime, commissions and bonuses when making holiday pay calculations, instead of only taking basic pay into account. Holiday pay for employees who receive irregular remuneration will[…]

PAYE late filing penalties are relaxed by HMRC

HMRC officials have acknowledged that they will start relaxing late filing penalties for people who send PAYE information late. In a statement released on 17 June 2015 they acknowledged that they will take a more proportionate approach and concentrate on the more serious defaults on a risk-assessed basis. This decision relates to their earlier conclusions within[…]