Posts By: ilyas Patel

Rules around the European Union VAT place of supply service has changed from 1 January 2015.  These changes affect the sales of digital services (broadcasting, telecommunications and e-services) from a business to a consumer (private individuals and non-business entities eg, public authorities or charitable bodies). The place of taxation will be determined by the location… Read more »

On your staging date or the last day of postponement, you will need to assess the ages and earning of all your employees.  This is to identify the duty you have for them and whether or not you need to automatically enrol them. You will need to provide the scheme with the personal details of… Read more »

Tax relief for employers Employer’s contributions can be offset against profits to reduce a liability to a) corporation tax or b) income tax, if not incorporated. For employers who do not run a business and are not chargeable to tax on profits, where a nanny is employed, for example, you can’t claim tax relief for… Read more »

Under auto-enrolment, both the employer and employee contributions are payable as a percentage of the qualifying earnings of each eligible job holder, unless they have opted out.  The percentage paid by each employee can be different but cannot be lower than the minimum level and employers can, of course set their contribution levels higher than… Read more »

Employees are broken down into categories:- Worker – someone who works under a contract of employment. Job holder – A worker who is aged between 16 and 74 and is working or ordinarily works in the UK under their contract and has qualifying earnings. Eligible Jobholder – A jobholder who is aged between 22 and… Read more »

Auto-enrolment is a compulsory process that every employer must follow to give their employees the opportunity to become a member of a qualifying workplace pension scheme.  Where membership is required by auto-enrolment, both the employer and employee must pay contributions at least to the minimum level.  However, it is possible for employees to opt out… Read more »

Up to three million people with more than one income, whether it be from pensions or PAYE employment, or in some cases both, are being allocated their personal tax free allowance multiple times.  These people are at risk of facing backdated tax bills of £2,000 per year because of mistakes made by HMRC.  These mistakes… Read more »

HMRC, in its continued clampdown on tax evasion, are now looking at Horsebox owners who they suspect are dishonestly claiming horseboxes worth hundreds of thousands of pounds as company expenses. It is understood that HMRC are investigating some farmers and rural business owners as they suspect they are buying horseboxes through their company, either falsely… Read more »

A computer analyst recently won an appeal against penalties for late payment of tax due to depression. Geoffrey Wedgwood who was diagnosed with long term depression and anxiety and earned about £120,000 pa, argued that the penalties which totaled £3,655 charged by HMRC showed that it did not understand his illness and was discriminating against… Read more »

Pension Auto-Enrolment is legislation from the Government and is now underway and is obligatory for all companies with 30 employees or less by 2016. The aim of auto-enrolment is to encourage employees to start saving in their own personal pension and over the next few years businesses within the UK has to offer a workplace… Read more »