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CGT 30-day reporting scheme

CGT 30-day reporting scheme

Are you aware of a key Capital Gains Tax (CGT) rule change? A CGT 30-day reporting scheme is now in force. It applies to gains made on residential properties. This is a fundamental change. Don’t get caught out.   Low awareness The scheme applies to residential...
Holiday pay for employees who work variable hours

Holiday pay for employees who work variable hours

Payroll is often demanding. Sometimes, employers are unsure of their responsibilities. Typically, they ask about holiday pay. Must I provide holiday pay for employees who work variable hours? The simple answer? Yes, absolutely!   Statutory holiday entitlement...
Understand your tax code

Understand your tax code

Tax codes are important. Employers and pension providers use them to tax earnings and pensions correctly at source. These codes also facilitate tax collection. Don’t understand your tax code? How can you check you’re not underpaying? Or due a refund?   Basic tax...
Payrolling taxable benefits and expenses: is it worth it?

Payrolling taxable benefits and expenses: is it worth it?

Payrolling taxable benefits and expenses has been possible since 2016. It complements the submission of payroll information through Real Time Information. As a result, certain expenses and benefits can be taxed immediately. This is done through the employee’s...
Am I eligible for the fourth SEISS grant?

Am I eligible for the fourth SEISS grant?

Good news for the self-employed! Check now to see if you can claim the fourth grant under the Self-Employed Income Support Scheme (SEISS). If you qualify, apply by 1 June 2021.   How much? Basically, the fourth SEISS grant is worth 80% of three months’ average...
Changes to the Coronavirus Job Retention Scheme

Changes to the Coronavirus Job Retention Scheme

As restrictions relax, more businesses are getting back to work. However, many still need help. Government financial support remains in place for those impacted by Covid-19. But, it is reducing. Employers should be aware of changes to the Coronavirus Job Retention...