As we are approaching the reporting of expenses and benefits in kind for the 2022/23 tax year. We wanted to highlight an important employer development – the online P11D submission. For existing employers who already submit the P11D and P11D(b) returns online, there...
As a Director of a Limited Company, it’s essential to pay yourself a salary and dividends in the most tax-efficient way possible. In the UK, tax rates and allowances are subject to change each financial year, making it crucial to stay up to date with the latest...
What does the reversal of the National Insurance increase mean for your business? It was announced last month, that the 1.25 percentage point rise in National Insurance which has been in place since April 2022, will be reversed from 6 November. Following the increase...
What is the Construction Industry Scheme (CIS) and how does it operate? In the following guide, we will explore how the HMRC scheme works for freelance subcontractors in the UK construction industry. The scheme was set up by HMRC to collect income tax from those...
The P11D deadline is just a couple of months away, which means all employers that need to complete one should be making the necessary preparations now. If this is the first time you have been required to report employees benefits or non-exempt expenses, you may be...
SEPT 2022 UPDATE: The SSPRS closed for coronavirus related absences after 17 March 2022. Employers had up to 24 March 2022 to submit any final claims. In response to the Omicron COVID-19 variant and the difficulties faced by businesses as a result of increased...
