Nearly 1.8 million married couples and those in civil partnerships are using Marriage Allowance to save up to £252 a year in Income Tax, HM Revenue and Customs (HMRC) has announced. Summer has always been a popular season for weddings, and newly married couples or those...
Read MoreHMRC has “stopped” issuing income tax repayments after a leaked email revealed that end of year tax reconciliations for thousands of taxpayers may have been calculated wrongly, the Telegraph reported this morning. An HMRC spokesman told AccountingWEB that the process is “continuing as normal”. But...
Read MoreHM Revenue & Customs will be able to deduct up to £17,000 per year of tax debts from high earners' pay packets under powers coming into force this week. The move represents a significant increase on the previous annual tax collection ceiling, which was previously set...
Read MoreHMRC has announced that the introduction of automatic penalties for late RTI submissions will be delayed another five months for small employers. Under the revised timetable announced back in February, automatic penalties were due to start from 6 October. This date will still apply for companies...
Read MoreMore than 99 per cent of Pay As You Earn (PAYE) records are now successfully being reported in real time, HM Revenue and Customs (HMRC) announced today as it launched a package of support for micro businesses. Almost 93 per cent of employers, and nearly 99...
Read MorePolicy adviser at HM Revenue & Customs (HMRC), Raj Nayyar, has confirmed that the government’s proposal to give limited companies and other businesses a £2,000 employment allowance towards their national insurance contributions (NICs) will become law by the end of the year. According to Mr Nayyar,...
Read MoreThe biggest shake up of the Pay As You Earn (PAYE) system in nearly 70 years - Real Time Information - starts from 6 April, HM Revenue and Customs (HMRC) reminded employers today. Employers will be required to move to a new way of reporting PAYE...
Read MoreReal Time Information (RTI) will be better for employers, better for employees and better for Britain. It is time we replaced a tax reporting system that is not fit for purpose. From this week, all employers will receive a letter from HMRC telling them what they...
Read MoreEmployers are being urged by HM Revenue and Customs to get ready for major PAYE changes that come into effect in three months’ time. In April 2013 employers will have to start sending PAYE returns electronically, using RTI-enabled payroll software, to HM Revenue and Customs (HMRC)...
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