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Business Blog

Employers’ newsletter - Employment allowance

This allows businesses and/or charities to claim up to £3,000 per year off your National Insurance bill, provided you are an employer. The allowance will reduce your employers’ secondary Class 1 National Insurance, each time you payroll until £3,000 has gone or the tax year ends, whichever occurs sooner. You can only claim...

 

Date: 27th March, 2019
Author: Cathy Corns


Employers’ newsletter - Student loan repayment thresholds

The amount of the repayment is dependent upon which plan the employee is on. If they are on plan 1, the following rates apply for 2018/19: £18,330 p/y, £1,527.50 p/m, £352.50 p/w If they are on plan 2, the following rates apply: £25,000 p/y, £2,083.33 p/m, £480.76 p/w The deduction is 9%, irrespective...

 

Date: 27th March, 2019
Author: David Hadley


Employers’ newsletter - Rates and allowances

The hourly rate for minimum wage depends on your age and whether or not you are an apprentice. For the 2018/19 and 2019/20 tax years, the following rates apply: Year 25 and over 21-24 18-20 Under 18 Apprentice 2018/19 £7.83 £7.38 £5.90 £4.20...

 

Date: 27th March, 2019
Author: Jacqui Gudgion


Employers’ newsletter - Employment vs self-employment vs worker

Confusion abounds following the upholding of an earlier judgment by the Court of Appeal that two former Uber drivers should have been treated as permanent staff and were entitled to receive national minimum wage and holiday pay. The Court of Appeal ruling means that the drivers were workers, employed by Uber London Ltd; and so had the right to...

 

Date: 27th March, 2019
Author: Cathy Corns


Employers’ newsletter - Loan scheme charge – April 2019

HMRC is taking action against certain loan arrangements (‘disguised remuneration’ schemes) that were designed to avoid tax, leaving many people with significant tax to pay.  HMRC states that it appreciates not everyone entered into these arrangements knowingly to avoid tax. Indeed, some agency workers may have had little choice but...

 

Date: 27th March, 2019
Author: David Hadley


Employers’ newsletter - creating a permanent establishment by accident

Creating a permanent establishment without planning (or even intention) is surprisingly easy to do but can give rise to significant tax complications and possibly costs. Any activity carried out by a business in an overseas country that results in revenue being generated or value created is likely to be deemed by local tax authorities as a...

 

Date: 27th March, 2019
Author: Jacqui Gudgion


Employers’ newsletter - Short Term Business Visitors (STBV)

Where employees of an overseas branch or an overseas group company come to work in the UK then the starting point is that they need to be paid though the payroll and, be subject to PAYE, even if they are to be only here for a short period. This though is not necessary if they fall within the conditions of ‘EP appendix 4 criteria...

 

Date: 27th March, 2019
Author: Cathy Corns


Employers’ newsletter - Apprenticeship Levy/costs

The apprenticeship levy applies as from 6 April 2017 at a rate of 0.5% of payroll cost, offset by a £15,000 ‘levy allowance’. This means that, in effect, it applies only to employers with an annual payroll cost of £3 million or more.  Employers can access the levy to finance their qualifying apprenticeships. To access...

 

Date: 27th March, 2019
Author: David Hadley


Employers’ newsletter - Taxation of termination payments – a reminder of the new rules

Payments in Lieu of Notice (PILON’s) Since 6 April 2018, employers need to pay Income Tax and Class 1 National Insurance contributions (NICs) on PILONs whether or not they are contractual payments. All employees need to pay Income Tax and Class 1 NICs on the amount of basic pay that they would have received if they had worked their...

 

Date: 27th March, 2019
Author: Jacqui Gudgion


Employers’ newsletter - Trivial benefits exemption – problems and pitfalls

The tax exemption introduced for trivial benefits offers a valuable tax relief, but brings with it a fresh set of potential pitfalls for employers. Our last Employer Newsletter outlined the conditions for this exemption. Some of the main difficulties being encountered by employers include: Record keeping: if you do not have records of the benefits...

 

Date: 27th March, 2019
Author: Cathy Corns


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