Posts Categorized: Uncategorized

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 »

MINI ONE STOP SHOP (MOSS) This sounds like a friendly retail outlet where you might buy a pint of milk on a Sunday evening. In fact it is short-hand for the online portal which UK businesses should use from 2015 to account for VAT they owe in respect of digital services provided to customers in… Read more »

Approximately 99% of UK  businesses urgently need to prepare for auto-enrolment of their staff into pension schemes.  It is expected that accountancy firms will be drafted in to help businesses with their arrangements as the staging deadline looms next year. Since the scheme began two years ago, almost £28,000 business have been automatically enrolled in… Read more »

A simple guide to Research & Development:- R D Leaflet