Admin work is not something that people enjoy doing. Moreover, filling out forms for paying taxes on the benefits provided to employees can be quite a hassle. After several years of consulting with accountancy and tax bodies, the government has announced that reporting employee benefits on form P11d will no longer be required. The date […]
Search Results for: employee benefits
01
Mar
Mar
For some years now employers have been able to payroll benefits for their employees. The obvious question for you as an employer is should you payroll your employee benefits? What are the advantages and the draw backs of taking such a step? So, what are we talking about here? We are talking about employee […]
23
Nov
Nov
For a few months now, we have known there is an acute shortage of talented people in the general workforce in the United Kingdom. Some industries such as hospitality are having more of an acute shortage due to other factors such as Brexit, but staff shortage is spreading across all industries and in all parts […]
Employee Benefits, Payroll, Personal Tax, Tax Advice, Tax Tips
Giving back to your employees at Christmas
13
Dec
Dec
It’s that time of the year when we celebrate the spirit of giving. As the festive season approaches, you may be considering ways to give back to your employees. This could be in the form of a Christmas bonus, a fun party, and maybe a few gifts. But as you know by now gifting […]
Capital Allowances, Employee Benefits, P11d, Personal Tax, Tax Planning
The Tax Benefits of an Electric Car
18
Jan
Jan
The company car is becoming more popular again mainly because of electric cars. Once again it is potentially an exciting tax perk and an important part of any remuneration planning. In our updated blog we revisit the tax benefits of an electric car. Of course, nobody these days questions the environmental benefits of running an […]
HM Revenue & Customs, Personal Tax, Tax Tips
Benefits of submitting your Tax Return before the deadline
01
Nov
Nov
If you have been completing a Self-Assessment Tax Return for a while you know it is an annual ritual that has to be performed. It needs to be done without fail no matter what. There are some who prefer to submit the return early with plenty of time, whilst others leave it to the last […]
Uncategorized
HMRC's Payroll Benefits in Kind Service
To use HMRC’s payrolling benefits in kind service for 2017/18, you need to register online before 5 April 2017.
Uncategorized
New Lower Exemption for Employee Shareholders
The take up of employee-shareholder status has been somewhat lower than the government hoped for. And the recently introduced restriction to the amount of capital gains tax (CGT) exemption is certainly not going to help.
Uncategorized
Trivial Benefits
HMRC has published draft guidance on the new statutory exemption for trivial employer-provided benefits in kind. The new regime will see an employer to employee benefit in kind exempt from tax according to newly specified conditions
Capital Allowances, capital gains tax, HM Revenue & Customs, P11d, Payroll, Tax Tips
Getting ready for end of tax year
29
Mar
Mar
We are almost in April and that means one thing, end of the current tax year is approaching. So how can you be getting ready for the end of the tax year? There are a few things to consider over the coming week as the last day of the current tax year is 5th April […]