There are a number of upcoming payroll changes that may affect you and your business. In this document, we highlight the key issues that you should be aware of.
Latest News & Events
More needs to be done to encourage entrepreneurship in UK’s ‘Celtic fringe’
18 out of the bottom 20 areas for new business births in the UK are located in Scotland, Wales and Northern Ireland, showing that much more needs to be done to encourage new business growth in the ‘Celtic fringe’.
Corporate cost cutting comes to an end as staff perks break through £8bn barrier
The value of staff perks and benefits has risen above the £8bn threshold for the first time this decade, as businesses continue to relax cost restraints following the financial crisis.
HMRC crackdown on small and mid-sized businesses nets £468m in extra tax last year
Tax investigations into large businesses may be becoming less profitable as HMRC shifts some of its focus into investigating small and mid-sized businesses.
New rules for payslips
Prior to 6 April, it was only employees that had the right to receive an itemised payslip, disclosing not only the amount of monies to be received but also the number of hours worked. This right is, from 6 April extended to all workers.
Myth busting MTD
Even as the deadline for Making Tax Digital approaches, less than one month away, there is still an alarming number of myths and misconceptions regarding MTD which make the implementation process a mind field for most businesses.
Contractor consultation causes consternation
On 18 May 2018 HMRC launched a consultation about off-payroll working in the private sector.
This follows on from the introduction of new rules regarding off-payroll working in the public sector in April 2017.