The Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS)

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...
2021/22 P11D Deadline – Reporting Taxable Benefits

2021/22 P11D Deadline – Reporting Taxable Benefits

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...
Statutory Sick Pay Rebate scheme (SSPRS)

Statutory Sick Pay Rebate scheme (SSPRS)

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...
2022 National Insurance Tax Increase

2022 National Insurance Tax Increase

After much speculation, it was confirmed by Boris Johnson that National Insurance contributions (NICs) will be increased by 1.25% from April 2022. The rise will affect both employers, employers and the self-employed and will mean that those above the minimum...
Home Working Tax Relief

Home Working Tax Relief

While many people will have started to return to the office in recent weeks, many will also continue to work from home. If this applies to your employees, then they may be eligible for working-from-home allowance. This allowance (or tax relief) can either be paid to them directly in their wage-slip

Understanding your Tax Code

Understanding your Tax Code

In the UK, employers are legally bound to deduct income tax from their employees in advance of wage and salary payments through PAYE (pay as you earn). Self-employed workers are subject to the same system, but instead must calculate and pay their own tax directly to...