Minimum Wage legislation

August 3rd, 2017

No-one is going to complain if you pay more than the National Minimum Wage or National Living Wage rates – which ever applies. However, there are matters you will need to consider if you pay less than the appropriate minimum wage rates. The minimum wage legislation applies to workers or employees. It does not apply […]

Tax Diary August/September 2017

August 2nd, 2017

1 August 2017 – Due date for Corporation Tax due for the year ended 31 October 2016. 19 August 2017 – PAYE and NIC deductions due for month ended 5 August 2017. (If you pay your tax electronically the due date is 22 August 2017) 19 August 2017 – Filing deadline for the CIS300 monthly […]

Making Tax Digital E common sense prevails

August 2nd, 2017

Making Tax Digital (MTD) is the government’s latest attempt to fully digitise the process of collecting data from taxpayers so they can speed up the process of calculating how much tax you owe. Until recently, we were facing radical changes to the tax system to accommodate this objective. Businesses (including landlords) were to be required […]

Director minimum salary levels 2017-18

August 2nd, 2017

Many director shareholders take a minimum salary and any balance of remuneration as dividends. This tends to reduce National Insurance Contributions, and in some case Income Tax. The planning strategy is to pay a salary at a level that qualifies the director for State benefits, including the State Pension, but does not involve payment of […]

Rangers tax scheme kicked into touch

August 2nd, 2017

There has been a long running tax case rumbling through the lower courts on the use of a device called an Employee Benefit Trust (EBT) by Glasgow Rangers Plc. HMRC have considered the use of the EBT a scheme to avoid PAYE and NIC. The case has now been considered by the Law Lords in […]

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