Payments in lieu of notice

May 09, 2018

Up to 5 April 2018, certain payments in lieu of notice were not taxable, primarily, those not contractually required to be made.

This is no longer the case.

Employers will now need to…

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Who qualifies for the minimum wage

May 09, 2018

As you would expect there are a range of conditions that affect the answer to this question. We have reproduced below a summary of the main conditions to be observed.

Workers must be at least…

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Why tax credit payments can change

May 09, 2018

If you are claiming tax credits make sure that you keep an eye on changes that may affect the amount you receive.

Your payments can go up if:

  • your income goes down by more than…

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Tax Diary May/June 2018

May 09, 2018

1 May 2018 - Due date for corporation tax due for the year ended 30 July 2017.

19 May 2018 - PAYE and NIC deductions due for month ended 5 May 2018. (If you pay your tax electronically the due…

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When child benefit becomes a liability

May 09, 2018

A typical two parent, two child family can claim £34.40 per week in Child Benefit (CB). In a tax year this would amount to £1,789.

Often, this becomes part of the family housekeeping and is…

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Cheques to clear in one day

May 08, 2018

Legislation has been introduced to reduce the present maximum six-day clearance process, to just one day.

Banks presently send the payer’s cheque to the clearing banks to facilitate clearance.…

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Protect your home address at Companies House

May 03, 2018

For those of us who are reluctant to see our home address on publicly available websites such as that provided by Companies House, they will be pleased by a recent change to data suppression laws. This…

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HMRC plea to tackle online VAT fraud

May 01, 2018

According to government sources HMRC are asking online market places to sign an “agreement” to keep their users the right side of the law. In a recent announcement HMRC said:

“… the agreement…

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Do not forget to claim these if they apply

Apr 26, 2018

When you complete your tax return for 2017-18, make sure you consider the following expenses. Sometimes they are overlooked.

  • Approved subscriptions you are required to pay to professional…

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