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We share our pre-Budget tax planning ideas, as the first Labour Budget is now only 5 weeks away (30th October). There is currently a lot of speculation of adverse tax changes that the business community and private tax clients should expect. Unfortunately, we have no inside knowledge of what Rachel Reeves will say. However, as…

Amazon has recently announced changes in the VAT treatment of fees that will significantly impact UK sellers.   What Used To Happen? Previously, UK VAT-registered sellers only paid VAT on UK advertising fees which were billed from London. All other fees were billed from Luxembourg and generally fell under the Reverse Charge Mechanism.   What…

The Paternity Leave (Bereavement) Act became law earlier this year, in May 2024. However, due to the dissolution of Parliament, no date has been set for its implementation. The Bill grants the right for automatic Paternity Leave in cases where the mother (or in cases of adoption, the registered main carer) passes away.   This…

On 30th July the Low Pay Commission (LPC) set out it’s policy on future minimum wage rates.   It is expected that the new Labour Government will maintain the same policy as the last Conservative administration and maintain annual National Living Wage (NLW) increases in line with average earnings.   It is projected that the…

On 18 September we invited all of our members of staff who will be studying this year to join us at our Ely Office for our Annual Student Training Morning.   What Did The Training Morning Consist Of? The morning started with an introduction from Chris Ridgeon, Chairman of the firm, who talked about his…

Neonatal Care Pay and Leave is due to come into force in April 2025, so we have shared a quick summary of this below for you. However, if you would like more information or advice on the matter, our Whitings Payroll Bureau team will be more than happy to help you.   Who Is Neonatal…

During the King’s Speech on July 17th, 2024, it was declared that a new Employment Rights Bill was to be introduced in the next 100 days.   The key points as far as payroll is concerned are as follows: Banning exploitative zero hours contracts and ensuring all jobs provide a baseline level of security and…

We’re sharing a reminder that payrolling of Benefits In Kind (BIKs) is to become mandatory. This may seem a long way off but will be with us sooner than a lot of companies realise. HMRC confirmed in March 2024 that it will mandate the reporting and paying of income tax and Class 1A National Insurance…

For some companies, not all, another week 53 or even week 54 will be in operation again this year.   HMRC instructs payroll software writers to operate a week one basis for week 53 so as not to penalise employees with a higher tax liability in their final payment for the tax year. However, as…

Have you ever wondered why you would outsource your book keeping?   Are you fed up of doing your own VAT returns, or struggle with your accounting software? Do you find that you are not getting up to date information, as you wait until the year end for the accountant to produce the figures for…