Latest Payroll

ECJ Ruling: Holiday pay must be calculated based on all elements of normal earnings. A new case (British Gas v Lock) has confirmed that holiday pay calculations should take account of commission earnings as well as overtime. Mr. Lock, a salesman for British Gas received a basic salary plus commission on a results based. The commission element…

Examining whether it is best to run the business as a limited company or otherwise (sole trader, partnership or LLP), If operated as a limited company: Looking at the combined business and personal tax ‘picture’ and optimising the mix of retained profits, salary, bonus and dividends (for the business owner and, where relevant, immediate family…

IR35: CIOT and HMRC both suggesting changes required. The Chartered Institute of Taxation (CIOT) has suggested a new approach to tackle those who are ignoring or manipulating IR35 rules so they can avoid tax payments to HMRC. HMRC have recently suggested transferring the IR35 compliance obligation from the worker and his/her personal service company (PSC) to…