Tax aspects of using a work’s van
If an employee is able to use a work’s van for private use, which generally includes home-to-work travel, there will be a taxable benefit and
May 11, 2019
Is the summer party tax-free?
A statutory exemption exists, which allows employers to meet the cost of certain social events for staff without triggering a liability to tax or NICs,
May 11, 2019
PAYE settlement agreements
A PAYE Settlement Agreement (PSA) enables the employer to pay the tax and National Insurance instead of the employee on those benefits and expenses included
May 11, 2019
Voluntary National Insurance contributions – should you pay?
The payment of National Insurance contributions provides the mechanism by which an individual builds up their entitlement to the state pension and certain contributory benefits.
May 11, 2019
Reporting expenses and benefits for 2018/19
Where employees were provided with taxable benefits and expenses in 2018/19, these must be notified to HMRC. The reporting requirements depend on whether the benefits
May 11, 2019
Family companies – optimal salary for 2019/20
For personal and family companies it can be beneficial to extract some profits in the form of a salary. Where the individual does not have
May 11, 2019
Are you paying the minimum wage?
The National Living Wage (NLW) and National Minimum Wage (NMW) increased from 1 April 2019. From that date, the NLW, payable to workers aged 25
May 11, 2019