Posts Categorized: Uncategorized

Small businesses with fewer than 30 employees will start to be phased into the government’s auto enrolment scheme this month and will have to provide their staff with workplace pensions. These small businesses will range from those with just one employee upwards and will be gradually asked by the Pension’s Regulator (TPR) to provide a… Read more »

Late or non-filing penalties for RTI returns now apply to all schemes with a three-day tolerance that HMRC has confirmed, will apply for the whole of 2015/16. Employers with fewer than 50 employees who failed to submit their 2014/15 Month 12 FPSs on time with no late reporting reason are likely to receive a penalty… Read more »

High on the priorities of Ros Altmann, the new minister for Pensions, should be an early review of Auto Enrolment. It is reported that the new minister said that Auto Enrolment contributions would need to be revisited and recent research revealed that employers support such proposals. In a recent survey, over 200 senior HR and finance… Read more »

If you don’t have any staff other than directors, you may not have any automatic enrolment duties. You won’t have any duties if the only people working for you are: you as the sole director, or a number of directors, none of whom has an employment contract, or a number of directors, only one of… Read more »

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 »