Auto enrolment for Directors?

Since Automatic enrolment will affect many more small employers in the next couple of years, there is some confusion regarding those companies with only one or two directors. We recently spoke to The Pensions Regulator who gave us their clarification on this. The Pensions Regulator will write to ALL employers informing them of their staging […] Read more »

HMRC delays RTI late filing penalties

From 6th October 2014, HMRC introduce automated penalties for late in-year filing of RTI submissions. However, there is now a respite for small employers as HMRC have delayed these new penalties for employers with fewer than 50 employees until 6th March 2015. HMRC have sent electronic messages to all employers telling them when the penalties […] Read more »

RTI: The importance of reporting Hours Worked

From October 2013, the new Universal Credits system will start to be introduced around the UK. This new benefits system will replace income support, housing benefit, job seekers allowance and employment and support allowance. Then, from April 2014, workers who are currently claiming tax credits will claim universal credits instead. It is therefore crucial that […] Read more »

RTI…Is it working so far?

Since RTI started, we are told that the majority of employers have come on board and have been submitting successfully and all is working well. However, for many employers this has not been the case, and although they have reported RTI correctly, they have been inundated with apparent underpayments due to discrepancies between the employers […] Read more »

Budget News

Personal Allowances The latest budget has confirmed that the basic personal allowance will be increased from the current £8,105 to £9,440 for 2013/14. The Coalition Government plan to ultimately raise the allowance to £10,000 from 2014/15. The additional tax rate of 50% is reduced to 45% for 2013/14 for taxable income over £150,000. National Insurance […] Read more »

New Starters and RTI

With RTI imminent, the way employers report new starter information to HMRC will change. You will no longer submit P45s or P46s as all starter information will be reported on the first Full Payment Submission (FPS) for those employees. Previously, a new starter would provide their new employer with either a P45 or a P46 […] Read more »