Posts By: ilyas Patel

In March, the Pension’s Regulator published its quarterly declaration of compliance bulletin. It showed the total number of employers fined for failing to comply with their workplace pension duties had reached 169 by the end of last year. There were also a significant number of compliance notices (1,139) issued. Despite the clear message and reminders… Read more »

It has been reported that NEST has now enrolled more than 2 million members in the last two and a half years and has a new member joining every 40 seconds. The recently appointed Trustee chair at NEST, Otto Thoresen said “This is a major milestone for NEST but this is only part of a… Read more »

Many companies are of the misconception that if their employees do not wish to contribute to a Qualifying Workplace Pension Scheme, they are not required to set one up for Auto-Enrolment and can notify the Pension’s Regulator of their decision. However, new legislation states that it is compulsory for ALL employers to provide their employees… Read more »

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 »