New changes affecting the way non-contractual payments in lieu of notice (PILONs) are taxed came into effect this April.

A firm of payroll and bookkeeping specialists is urging businesses to prepare early for a looming HM Revenue & Customs (HMRC) deadline for reporting employee and director expenses. Hitchin-based Modina issued the warning ahead of the 6 July 2018 deadline for the return of completed P11D forms to HMRC. HMRC requires employers to complete a[…]

A “detailed review” of Britain’s tax system is urgently required in order to improve access to tax reliefs and incentives for businesses and boost the growth of small and medium-sized enterprises (SMEs), the Office of Tax Simplification (OTS) has said.

The deadline for the return of completed P11D forms to HM Revenue & Customs (HMRC) falls on 6 July 2018 and it is important that employers plan ahead to ensure they do not find themselves struggling with these complex forms closer to the deadline, when time is limited and hefty penalties are a very real[…]

From this month, employers are required to report all Benefits in Kind (BiKs), including those under Optional Remuneration Arrangements (OpRAs), on payroll form P11D.

Research published in recent days has revealed that the introduction of the National Living Wage (NLW) in April 2016 has had a number of far-reaching benefits for small businesses and their employees.