Special Budget blog 2014: Income tax rates and allowances

In the budget, the Chancellor announced that from April 2015, the basic personal allowance for taxpayers born after 5 April 1948 will rise to £10,500. At the same time the basic rate limit will be reduced to £31,785. Taxpayers’ personal … Continue reading

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Basic PAYE tools – 2014/15 update

The latest version of this basic PAYE tools software for the 2014/15 version is expected to be released on 3 April 2014. The 2014/15 version will be provided as an update to the existing version rather than as a separate … Continue reading

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PAYE – Week 53 payments

Employers and employees that are paid weekly, bi-weekly or four weekly and whose final payday of the 2013-14 tax year falls on 5 April 2014 are reminded that there is a possibility that they may underpay tax for the current … Continue reading

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April 1st auto-enrolment deadline

For employers with between 50 & 249 employees auto-enrolment of employees into a pension scheme starts on 1st April 2014. Smaller companies, who have fewer than 50 employees, will need to auto-enrol their staff on a staged basis between 1 … Continue reading

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HMRC announce delay in RTI penalty regime

The introduction of major changes to the way PAYE information was collected and recorded began with the implementation of the Real Time Information system in April 2013. This new system involves employers sending their employees tax and other deductions from … Continue reading

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Is Your Payroll Information ‘Clean’?

The Taxman is asking all employers to spring-clean their payroll data to prepare for RTI. What does RTI stand for? It stands for Real Time Information, and within the next 18 months it will become as familiar to you as … Continue reading

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Tax Demands Relating To PAYE

Many taxpayers who pay tax via PAYE are like people caught in the shadow of a volcano that is about to erupt, awaiting their fate and the chance that they may be affected by the downfall of volcanic ash, or … Continue reading

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