My Latest Blogs
15th September 2020
Coronavirus Job Retention Scheme and the Job Retention Bonus
We are halfway through September and this month sees one of the biggest changes to the current Coronavirus Job Retention Scheme (CJRS). Employers now pay 10% of furloughed employees’ wages to make up 80% of their total wages up to a cap of £2,500, with the wage cap being proportional to the hours not worked.…
5th March 2020
Employment Allowance Reform
The Employer Allowance was first introduced in April 2014, giving employers a reduction of £2,000 against their Employer’s NIC bill. This was further increased in value from April 2016 to £3,000 and in addition the scheme was reformed to exclude single-director companies. It has remained at £3,000 ever since and is claimed via…
17th October 2019
Is it too early to talk about Christmas!
In December 2018 HMRC wrote to employers to advise of a temporary easement on reporting PAYE information in real time. This was for a number of reasons, one of which could be due to businesses closing over the Christmas period and therefore having to pay staff earlier than normal. HMRC have received feedback from…
10th June 2019
Employee vehicles: Mileage Allowance Payments (MAPs)
MAPs are what you pay your employees for using their own vehicle for business journeys. You can pay your employees an approved amount of MAPs each year without having to report them to HMRC. To work out the approved amount, multiply your employee’s business travel miles for the year by the rate per mile for…
30th May 2019
Company Cars : Advisory Fuel Rates (AFRs)
Use AFR’s to work out mileage costs if you provide company cars to your employees. These rates apply from 1 June 2019. Advisory fuel rates from 1 June 2019 Engine size Petrol LPG – amount per mile 1400cc or less 12p 8p 1401cc to 2000cc 15p 9p Over 2000cc 22p 14p Engine size…
6th March 2019
National Minimum Wage and Pension Contributions
Further to the budget announcements at the end of October 2018, rate changes to the National Minimum Wage (NMW) have been confirmed for April 2019. These are in line with the recommendations that were made by the low pay commission. Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice April 2018 (current rate) £7.83…
20th September 2018
HMRC advisory fuel rates for company car users from 1 September
HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2018 reflecting the upward trend in forecourt fuel prices for higher emission cars. These rates apply from 1 September 2018 and have increased slightly on the previous quarter rates, for petrol cars with engine of 1400cc or more…
23rd February 2018
Company Cars, Vans and Fuel
There are a number of changes to be aware of on the company vehicle front. The first is that the diesel supplement (which not so long ago was due to be abolished) is to be increased from the current 3% to 4% from 6th April 2018. The supplement will apply to all diesel cars…
5th December 2017
Tax implications for employee gifting
Some employers like to give their employees a small gift at this time of year. A tax exemption applies giving employers reassurance that the benefits provided are exempt and won’t result in a reportable employee benefit. To ensure the benefit is exempt, the following conditions must be met:- The cost of the benefit does not…
12th September 2017
Guidance for employers
HMRC have issued their latest guidance to employers in the August edition of the Employer Bulletin. This publication, which is issued every two months, includes articles on: Reporting Pay As You Earn in real time Optional Remuneration Arrangements Tax codes – Get it right first time PAYE penalties – continuation of the risk-based approach to charging penalties…