Get ready for life outside the Single Market

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Following the publication of the “The United Kingdom’s exit from and new partnership with the European Union” white paper, it is apparent that the UK is heading towards a “hard” Brexit which will see the UK’s withdrawal from the EU Single Market.  Rarely can a document have the potential to have such a profound effect on the UK and its relationship with its nearest neighbors.

Pension Peril For Higher Earners – Beware Of The Tapered Annual Allowance

You may be in line for unexpected income tax if pension contributions are made and your total annual income and employer pension payments add up to more than £150,000.

Claims - changes to the system

You receive a letter from an insolvency practitioner (IP), telling you that a customer of yours has gone into liquidation. Anyone who has been in business for any length of time has either encountered this scenario or knows someone who has.

Another Payroll Year End

It’s that time of year again when the financial year comes to an end. Are you, as an employer, ready for the financial year 2016/17 to end and have you considered the implications on your payroll?

New tax trap for Expats selling UK property - Non Resident Capital Gains Tax

Non UK tax residents are generally not liable to UK Capital Gains Tax however when it comes to residential property sales there is a specific regime with short reporting deadlines and stiff penalties for failure to disclose.

Payroll headaches resolved

Does payroll give you a headache each pay run?

Social Security: Country of Residence Rules for Multi-State Workers

Our previous blog post on social security focused on workers being posted to the UK from overseas or from the UK to an overseas country to work, but what is the position if someone works in more than one country? This post will explain the position for multi-state workers in the European Economic Area (EEA).

Are you a Scottish Taxpayer for payroll purposes?

The 2017/2018 tax year will see the United Kingdom introduce a variance between Scottish Rate taxpayers and the rest of the UK.

Deadline for making a retrospective NICs holiday claim is looming

The National Insurance contributions (NICs) holiday applied to new businesses, in specific locations, including Scotland, that started during the period 22 June 2010 to 5 September 2013. Subject to meeting certain conditions, eligible businesses were able to claim up to £5,000 as a deduction from the employer NICs due for each of the first 10 employees they employed during the holiday period.

The importance of good Corporate Governance

Management teams and Boards are increasingly under pressure to consistently improve and remain up to date with the latest legislation, technology and guidance on corporate governance issues as well as treating employees fairly, safeguarding assets and creating long term sustainability for the business. It can be overwhelming to manage all of these aspects in today’s environment.

International Payroll - Avoiding Double Tax

Most UK resident employers who assign employees to work overseas will have a foreign wage tax-withholding obligation (i.e. they run an international payroll alongside their UK payroll).

To avoid having to deduct both UK PAYE and foreign wage tax from their employee salaries many employers seek permission from HMRC to operate an Appendix 5 Net of Tax Credit Scheme.

When is a Van not a Benefit?

Many employers provide company vans to their employees for work purposes, but whether a van benefit in kind charge arises depends on the private use element. 

Tapered Annual Allowance – A Nightmare on Pensions Street

One year on from the launch of yet another change to pension legislation we find ourselves looking at how the tapered annual allowance has impacted high earning individuals and highlighting points to consider in the next tax year.