23 Oct 2019 | HMRC, Paying Employees, Personal Tax
From time to time, HMRC turns the compliance headlight on a particular business sector. This year, they are scrutinising restaurants and takeaways. In particular, staff tips at work are currently one high-risk area. There are various ways in which tips at work can be...09 Jul 2019 | Paying Employees, Payroll
As the P11D deadline for 2018/2019 has passed, it may be worth looking at how you can make providing taxable benefits to employees easier for the future. What is a P11D form? If you provide Benefits in Kind (BIK) to your employees that are not included in wages then...01 May 2019 | Paying Employees, Payroll, Termination Payments
Termination payments are commonplace and useful to employers when negotiating settlement agreements. Many people are aware that the first £30,000 of certain termination payments are tax-free for both Income Tax and employer and employees National Insurance...15 Apr 2019 | Paying Employees
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019 are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information can take some time, so it is...29 Mar 2019 | Legislation update, Paying Employees
This new charge will apply to certain loans to directors and employees that are still outstanding on Friday 5 April and new arrangements put in place after that date.The charge affects arrangements involving loans made via Employee Benefit Trusts (EBTs) and similar...04 Mar 2019 | Paying Employees, Tax
If your business makes a loan to your employees or their relatives this can create tax problems for both employees and employers. Don’t forget that the term “employee” includes directors, and also that loans to family members may be caught. For...