The salaried members rules are an anti-avoidance measure designed to prevent limited liability partnerships (LLPs) from disguising remuneration paid to members as profit share instead of employment income.
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The Government's tax-free childcare scheme could provide up to £2,000 a year per child, or £4,000 if the child is disabled, towards the cost of wraparound childcare and holiday clubs.
Continue ReadingSmall employers can usually recover 100% of most of the statutory payments they make to employees plus compensation from HMRC.
Continue ReadingThe Check Employment Status for Tax (CEST) tool allows contractors and other individuals providing services - or businesses engaging workers to perform services for them - to determine whether the work should be treated as employment or self-employment for tax purposes.
Continue ReadingChanges to the company size thresholds from April 2025 will also apply for the purposes of the off-payroll working (OPW) rules
Continue ReadingIt is common for some employers to pay their workers earlier than usual in December, for example if the business will be closed during the festive period.
Continue ReadingAs announced in the Autumn Budget, the national minimum wage (NMW) and the national living wage (NLW) are set to increase from April 2025.
Continue ReadingHMRC has tightened up the process for claiming tax deductible employment expenses following a series of high-profile scandals.
Continue ReadingAt the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free.
Continue ReadingReversing the previous Government's u-turn on the tax treatment of double cab pick-ups, they will revert to being treated as cars for certain taxation purposes from April 2025.
Continue ReadingShowing renewed commitment to promoting electric vehicles over petrol, diesel and hybrid models, the Government has extended the 100% first year allowance for zero-emission cars.
Continue ReadingProviding a nursery can be a powerful way to attract and retain staff, with childcare costs in the UK among the highest in the world.
Continue ReadingHMRC has delayed planned changes to real-time information (RTI) reporting requirements for employee hours worked.
Continue ReadingHMRC has updated its guidance to clarify the tax position of reimbursed travel costs for hybrid workers.
Continue ReadingHMRC has updated the recommended reimbursement rates for employees reclaiming business travel in company vehicles.
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