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tax
The Learn Centre’s Tax Facts 2013/14
Following the Budget 2013, The Learn Centre is pleased to advise that the 2013/14 tax year factcard is available at the below link. This includes all the essential information that payroll professionals want to have at hand in one document. For example, we detail the tax and NI thresholds, the statutory payment rates and company [...]
The Learn Centre’s Tax Facts 2013/14
Following the Budget last week, The Learn Centre is pleased to advise that the 2013/14 tax year factcard is available at the below link. This includes all the essential information that payroll professionals need to have at hand in one document. For example, we detail the tax and NI thresholds, the statutory payment rates and [...]
The Learn Centre Annual Conference 2013
The Learn Centre Conference was advertised as the must-attend payroll event for 2013 and, indeed, it certainly lived up to this ambitious promise. In two and a half days, we managed to cover every ‘hot topic’ that will impact the payroll and HR professions in the next year, including: RTI ‘the basics’, RTI ‘the update’ [...]
Week 53 Payments (Again)
HMRC’s Weekly Update Number 132 contained an article relating to underpayments of tax where the employer has operated a Week 53. The article confirmed previous reports from The Learn Centre that, whilst an employee may be entitled to 53 weekly pay adjustments via PAYE, they are only entitled to 52 in the legislation. In these [...]
The Samosa / Pasty Tax
Almost as soon as we referred to the Samosa Tax, it was nicknamed the Pasty Tax – so this is what we shall call it. The Pasty Tax was one of the ‘new’ taxes announced at Budget 2012, which we reported on at the time. Therefore, it makes sense to keep you updated on the [...]
Charities and Tax Relief
Budget 2012 announced that Finance Bill 2013 will include plans to impose a cap on ‘unlimited tax reliefs’. This cap is 25% of taxable income, or £50,000, whichever is the greater. This would have included donations made to charities and politicians from all sides as well as charities themselves expressed anger over the proposals. On [...]
HMRC and Tax Transparency
There have been several moves within the last few months aimed at increasing taxpayers’ awareness of the tax system, how much we pay etc. November 2011 HMRC launched a consultation ‘Modernising the administration of the personal tax system: tax transparency for individuals’. The purpose of this was to understand taxpayers’ understanding of how much tax [...]
The Single Income Tax
Following on from the article about tax transparency, it is appropriate to mention a recent 2020 Report. The 2020 Commission is a joint project between the Taxpayers’ Alliance and the Institute of Directors (IOD). It has published a report entitled ‘The Single Income Tax’ and produced a Webcast on their Website advocating a simpler UK [...]
Tax and NICs Integration
In the Budget 2012 Report, HM Treasury announced that its ‘simplification’ process would continue, as they looked at integrating tax and National Insurance. This would build on the announcement at Budget 2011, plus work that had already been undertaken by its stakeholders. The Report promised that a consultation would be issued in April 2012, however, [...]
HMRC’s Business Tax Dashboard
The Budget 2012 report spoke about the new online ‘Business Tax Dashboard’. This has recently been released by HMRC, primarily aimed at Small and Medium Sized Enterprises (SMEs). This service brings together data from other HMRC online services, creating an overall picture for an organisation. Once an employer logs onto the Government Gateway, the SME [...]
Are you a Scottish Taxpayer?
The Scotland Act 2012 will allow the transfer of some powers from Westminster to Holyrood. Amongst other things, the Act gives the Scottish Parliament the power to vary the rates of income tax. Although Holyrood only have the power to set one Scottish Rate each year, for payrollers, we will be impacted by the potential [...]
Real Time Information (RTI) and Personal Details
In a written question last week, Ian Liddell-Grainger, MP for Bridgewater and West Somerset, asked The Chancellor of the Exchequer whether HMRC would be extending its secure portal to allow taxpayers to view and update their personal details. This question was posed in view of the increased importance of correct data with the link between RTI [...]
HMRC Announcement
2011 saw an unfortunate year for HMRC in the First Tier Tax Tribunal, with a number of judges overturning Penalty Notices that had been served for the late filing of the P35. Judgments referred to HMRC acting in a ‘high handed’ and ‘disreputable’ manner by sending out Penalty Notices in September for the late filing of [...]
The Learn Centre Payroll, HR and Managing People Conference
The setting was truly beautiful – the lovely, spacious and welcoming Menzies Welcombe Spa and Golf Club in Stratford-upon-Avon. Plus, the sun came out for us, so as well as interesting workshops and plenary sessions; we could wander the grounds and soak up the sun as well! As you can imagine, there was plenty to [...]
Single Compliance Process
A briefing for tax agents, published on 20 June 2011, explains the development and testing process involved in a limited trial of improvements to HMRC’s enquiry process, known as the Single Compliance Process (SCP). The SCP is designed to concentrate solely on the risks or behaviours identified for the enquiry, using four different levels of [...]
Views sought on integration of income tax and NICs
HM Treasury has posed fourteen questions to draw out views on the burdens faced by employers in paying income tax and NICs through the PAYE system. The independent Office of Tax Simplification (OTS) was set up in July 2010 to carry out reviews and provide expert advice to the Chancellor on options to improve and [...]
Questions from our forum 18/04/11
Each week we receive a number of payroll questions on our forum, and here are this week’s batch. Can you help with any answers? Paying SSP after 3 years I understand that if an employee has been off sick (or had linked SSP absences) for 3 years or more, the employee no longer qualifies for [...]
Questions From our Forum 17/03/11
Each week we receive a number of payroll questions on our forum, and here are this week’s batch. Can you help with any answers? Holiday underpayment The question I was asked and am asking you is “am I liable to pay them the extra that they were entitled to from 1st April 2009?” More… Further [...]
Double Taxation Agreements
The Double Taxation Agreement between the UK and Hong Kong, signed on 21 June 2010, entered into force on 20 December 2010. It is effective in the UK from 1 April 2011 for corporation tax purposes, and from 6 April 2011 for income tax and capital gains tax. It is effective in Hong Kong from [...]
Scotland – new income tax proposals in Scotland Bill
On 30 November, the Coalition government published its new Scotland Bill, which makes changes to the devolution settlement for Scotland and gives effect to the recommendations set out in the (Calman) Commission on Scottish Devolution’s final report, Serving Scotland Better: Scotland and the United Kingdom in the 21st Century published in June 2009. The provisions [...]
