Search Results for "PAYE"

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Check if you need to pay someone through PAYE

Check if you need to pay someone through PAYE

mployers use PAYE for employees earning over £123 weekly, while self-employed workers are exempt. HMRC’s criteria differentiate between employment and self-employment. Specific rules apply to temporary workers. Accurate tax codes are crucial for new employees, obtainable from P45 or HMRC’s starter checklist.

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Who is a Scottish taxpayer?

Who is a Scottish taxpayer?

The Scottish Rate of Income Tax (SRIT) affects non-savings and non-dividend income for Scottish taxpayers. Determining Scottish taxpayer status relies on residence criteria or close connections with Scotland, not on nationality or income source.

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Collecting tax from wealthy taxpayers

Collecting tax from wealthy taxpayers

An updated briefing which looks at how HMRC deals with wealthy individuals has been published. The briefing looks at helping wealthy individuals to comply with their tax obligations and also what happens to those who don’t play by the rules.

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Who is a Scottish taxpayer?

Who is a Scottish taxpayer?

The Scottish rate of income (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers. This means that Scottish taxpayers who also have savings and dividend income need to consider the UK rates as well

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SA taxpayers target for fraudsters

SA taxpayers target for fraudsters

Fraudsters are continuing to target taxpayers with scam emails in advance of the deadline for submission of Self-Assessment returns for the 2021-22 tax year. Learn more about the scams self-assessment taxpayers need to be aware of and contact details if you have experienced fraud.

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PAYE Settlement Agreements

PAYE Settlement Agreements

A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for employees.

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Scammers target Self-Assessment taxpayers

Scammers target Self-Assessment taxpayers

Fraudsters are continuing to target taxpayers with scam emails, texts and calls following the deadline for submission of Self-Assessment returns for 2020-21. In fact, over the last year, HMRC received more than 570,000 reports about suspicious HMRC

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Non-domiciled Taxpayers

Non-domiciled Taxpayers

This factsheet covers what is domicile, what are tax treaties, what is the current position of non-doms and other considerations, RBC exemptions and any other UK taxes that affect non-doms.

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Inheritance and tax

Inheritance and tax

As a general rule, an individual who inherits property, money or shares is not liable to pay tax on the inheritance. This is because any Inheritance Tax (IHT) due should be paid out of the deceased’s estate before any cash or assets are distributed

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CGT Incorporation Relief

CGT Incorporation Relief

Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is converted into a company by reference to the market value of the business assets including goodwill. This could give rise

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Income Tax in Scotland

Income Tax in Scotland

The Scottish rate of income tax applies to non-savings and non-dividend income of Scottish taxpayers, defined by their close connection with Scotland. Residency, not nationality or income source, determines tax liability. Taxpayers may also be liable if they regularly stay in Scotland.

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