If you employ students to manage your staff needs over the summer break period, you will need to add them to your payroll and apply PAYE and NIC rules. Students should be advised that they will pay tax and NIC if: they earn more than £1,042 a month on average,

1 June 2019 – Due date for Corporation Tax due for the year ended 31 August 2018. 19 June 2019 – PAYE and NIC deductions due for month ended 5 June 2019. (If you pay your tax electronically the due date is 22 June 2019) 19 June 2019 – Filing

If your employer asks you to use your own car or van to undertake a journey on their behalf, you may be entitled to a payment from your employer to cover your petrol and wear and tear costs. Let’s say that your employer pays you 35p per mile. You may

There is no doubt that many of us are heartily tired of the drawn-out Brexit debate, and yet we should not ignore this topic completely. Opinion seems to be hardening for the so-called “hard” Brexit: where we leave at the end of October 2019 with no agreement. Ignoring the political

Readers are reminded that if you profit from a hobby – sell what you produce on a regular basis – you may attract the attention of HMRC. If your annual sales (income before any costs are deducted) are below £1,000 you will pay no tax as you can claim exemption

If your competitor is a company, there is quite a lot of information you can obtain free of charge. For example, from the Gov.uk website you can obtain the following details: company information, for example registered address and date of incorporation current and resigned officers document images mortgage charge data

Prior to April 2016, men born before 6 April 1951 and women born before 6 April 1953, qualified for a basic State Pension and an Additional State Pension. If you were born after these dates you will qualify for the New State Pension and will no longer be eligible for

Readers are reminded that from 1 April 2019, the National Living Wage (NLW) and National Minimum Wage (NMW) hourly rates increased to: 25 and over – £8.21 21 to 24 – £7.70 18-20 – £6.15 Under 18 £4.35 Apprentices £3.90 Workers who are entitled to receive these rates as a

From April 2020, HMRC are changing two important tax concessions that apply to landlords letting property that they as owners have previously occupied at some point as their home (Principal Private Residence (PPR)). The first is the reduction of the present rule that exempts the final 18 months of ownership

If you have employees, and if one or more of those employees benefit from the use of facilities that you provide, cheap loans, a company car for example, it is well known that you as their employer will need to inform HMRC of the amount of these benefits following the