News Items
RTI penalties and period of grace
Under real time information (RTI), employers are required to report pay and deductions information to HMRC ‘at or before’ the time that the payment is made to the employee. This is done by means of the full payment submission (FPS). Penalties are charged if the FPS is...
Collection of tax debts post Covid-19
During the Covid-19 pandemic, HMRC paused much of their tax collection work, both to allow resources to be diverted to other activities, such as administering the various coronavirus support initiatives, such as the Coronavirus Job Retention Scheme and the...
Self Employed Tax Changes for 2019/20 (April 2019)
1. Personal allowance and higher rate increases for the UK Your Personal Allowance increases from £11850 to £12500. The personal allowance is the amount that you can earn before paying tax.The higher rate threshold increases from £46,350 to £50,000. This is...