What is RTI for Payroll?

Whether you employ one worker or one thousand, Real Time Information (RTI) for payroll helps businesses stay on top of compliance and ensures employees pay the correct amount of tax.

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OTS to consider “benefits and implications” of moving tax year end date

The Office for Tax Simplification (OTS) will explore whether there is a case for moving the UK’s tax year end date.

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Now is the time to prepare details of your taxable benefits

The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.

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HMRC letters remind businesses of VAT payments change

Reminder letters are being sent out to tens of thousands of UK companies explaining changes in the Making Tax Digital (MTD) system and how it affects them.

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Register for Making Tax Digital for VAT or risk penalties, HMRC warns

Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.

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Company Cars: What you need to know before choosing a vehicle

Company cars have remained a popular employee benefit for many years to retain and reward hard-working employees. Given the complexity of the tax regulations and incentives surrounding company cars in more recent years, companies and employees are finding them less

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Bounce Back Loan Scheme fraud rising

The Bounce Back Loan Scheme (BBLs) which has been described as a ‘giant bonfire’ of taxpayers’ money by a senior banker, has seen fraud investigations rise by more than 50 per cent in some areas.

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Cash basis versus accruals basis

If you manage a business and record its expenses and revenue, you need to find a recording system that suits you. While cash basis accounting has its benefits, accrual accounting can be a more powerful tool for operating your business.

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Workplace pension re-enrolment – how does it work?

Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there.

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Furlough fraud warning after arrests

Employers have been warned that businesses abusing the furlough scheme will face action from fraud investigators.

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HMRC publish new guidance on delayed customs import declarations

New Government advice will help traders submit customs import declarations for non-controlled goods imported from the EU, it has been announced.

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Work from home tax relief: what employees need to know

It was confirmed this April that employees can continue to claim tax relief on work from home costs not reimbursed by employers, but only if they make a new claim for the 2021/22 tax year.

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Do you have taxable benefits? Start preparing now!

The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.

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Construction industry VAT reverse charge to come into effect on 01 March, Government confirms

The delayed Construction Industry Scheme (CIS) VAT reverse charge will come into effect on 01 March 2021, it has been confirmed.

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EU exports halt as UK firms encounter extra charges

Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a

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