Insights

Browse 98 Insights about Employment

Payroll: RTI Penalties And Grace Period 1 Sep 2021 Deadlines, Employment, Tax - With RTI, penalties are charged if the FPS is filed late or if HMRC did not receive the expected number of FPSs or an Employer Payment Summary
Tax Consequences Of ‘Illegal’ Dividends 27 Jul 2021 Bookkeeping, Employment, Tax - If a director sanctions illegal dividend payments, there can be significant tax for both the individual concerned and the company.
Termination Payments And Class 1A National Insurance 27 Jul 2021 Employment, Tax - When terminating an employment, the employer may need to pay Class 1A National Insurance on a termination award made to the employee.
No Retained Profits – How To Extract Cash To Cover Living Expenses? 21 Jul 2021 Bookkeeping, Employment, Strategy, Tax - A popular strategy is to take a small salary which is at least equal to the lower earnings limit and to extract further profits as dividends.
National Insurance (NIC) & Company Directors 21 Jul 2021 Employment, Strategy, Tax - When it comes to calculating their Class 1 National Insurance liabilities, there are special rules applying to company directors.
Can You Claim Employment Allowance For 2021/22? 3 May 2021 Employment, Tax - To qualify for Employment Allowance, the employer’s Class 1 National Insurance liabilities for 2020/21 must be less than £100,000.
P11D: Reporting Expenses & Benefits For 2020/21 3 May 2021 Deadlines, Employment - P11D forms must be filed with HMRC by 6 July 2021. Employees must be given a copy of their P11D or details of their taxable benefits by the same date.
Personal & Family Companies – Optimal Salary for 2021/22 27 Apr 2021 Employment, Tax - The optimal salary will depend on whether the employment allowance is available to shelter any employer’s NI liability that may arise.
What The Supreme Court Ruling On Uber Means For The Gig Economy 23 Feb 2021 Employment, Policy - The Uber ruling sets an important precedent for employment law. It is important to consider in more detail the reasons behind the Supreme Court's decision that Uber drivers are to be considered "workers".
Getting Ready For IR35 Rules Coming In April 2021 23 Feb 2021 Deadlines, Employment, Policy - Off-payroll (IR35) rules are being extended to medium and large organisations in all sectors of the economy from 6 April 2021 and businesses need to prepare ahead of this date to ensure they are able to meet compliance obligations.
National Living Wage and National Minimum changes from April 2021 17 Feb 2021 Deadlines, Employment, Policy - Minimum wage amounts are increased annually, but in April 2021 the age threshold for the National Living Wage will also be reduced.
Recent Complications For EMI Schemes 7 Feb 2021 Employment, Tax - Some of the changes that occurred in the past 12 months, as well as some that may soon happen, created some complications with the EMI Scheme.