My Latest Blogs
29th January 2024
Company Law Changes: Are You Ready?
Since The Economic Crime and Corporate Transparency Act (ECCTA) received royal assent in October 2023, a number of measures have since been rumoured. Companies House have now announced the below provisions that are planned to come into force on 4th March 2024. These changes hinge on the secondary legislation passing through parliament and will not come into…
16th June 2023
Reported your employee’s expenses and benefits?
P11D & P11D(b) For employers who provide expenses and benefits to their employees, there is now under a month to go to ensure your P11D and P11D(b) submissions have been made with HMRC (6th July 2023). Payments of Class 1 A National Insurance must be made by 19th July 2023 (22nd July 2023 if…
23rd March 2023
HMRC go paperless: P11D forms
From 6th April 2023, HMRC will no longer accept paper P11D and P11D(b) forms. All submissions, for the 2022-23 tax year onwards, will have to be made through HMRC’s PAYE Online Services or commercial payroll software. This change also affects how amended P11D and P11D(b) submissions must be made. Historically, amendments could only be…
10th October 2022
SME red tape: Plans to slash ???
From Monday 3 October 2022, the UK government has changed the ‘small’ company threshold, which is expected to remove 40,000 businesses from certain reporting regulations. Since January 2016, a company qualifies as ‘small’ in the year that it does not exceed two or more of the following: Annual turnover: £10.2m Gross Assets: …
1st July 2022
Is your PAYE code correct?
With the rising cost of living, it has never been more important to ensure you are paying the correct amount of tax through your PAYE tax code. It is important to understand your tax code, any changes to this and why your tax code on your payslip is what it is. There are many reasons…