Taxable benefits and expenses must be reported on forms P11D by 6 July following the end of the tax year.
‘National Payroll Week’ runs from 5th - 9th of September and is a celebration of those individuals who help to get the nation paid on time.
In 2012, due to concern that the UK population weren’t taking adequate measures to save for their retirement, the Government took the radical measure of introducing auto-enrolment.
Boris Johnson has announced a new “Health and social care levy” to address the current funding crisis in the sector.
Changes to the level of grants implemented on 1 July 2021 for the Coronavirus Job Retention Scheme.
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2021, are due for submission to HMRC by 6 July 2021. The process of gathering the necessary information and completing the forms can take some time, so it is important that this process is not left to the last minute.
HMRC has published a briefing on its approach to the changes to off-payroll working rules, commonly known as IR35, which will be introduced on 6 April 2021.
Increased minimum wage rates have been announced to take effect from 1 April 2021.