From April 2026, new PAYE rules will make recruitment agencies and end clients jointly responsible for payroll compliance when using umbrella companies. These changes increase risk across labour supply chains and require stronger due diligence.
From April 2026, self-employed individuals and landlords earning over £50,000 must follow MTD for IT rules unless exempt.
If you are managing the affairs of a deceased taxpayer, you may need to submit a tax return on their behalf. As the personal representative, you are legally responsible for reporting income earned before death and any income generated by the estate.
The government has unveiled new measures to support small businesses and the self-employed by tackling the scourge of late payments, which according to the Smart Data Foundry is costing SMEs £22,000 a year on average.
When hiring a new employee, employers must determine the appropriate tax code and starter declaration for their payroll software. Using incorrect tax codes can result in the new employee over or underpaying their taxes. To ensure the correct
HMRC checks PAYE records annually for correct tax deductions. From May 2024, employees must actively claim repayments. HMRC’s digital services, including their app, facilitate this process.
Employers that take on a new employee need to work out which tax code and starter declaration to use in their payroll software. Incorrect tax codes can lead to a new employee paying more tax than is due.
HMRC’s record-breaking 11.5 million self-assessment tax returns by the 31 January deadline. Learn about penalties and payment plans for late filers and plan ahead for the 2023-24 tax year.
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.
The UK government is introducing new regulations to address late payments, benefiting small businesses by improving cash flow and reducing time spent chasing payments, thus fostering growth and investment.
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.
HMRC is currently writing to UK residents who were named in the leaked Pandora Papers and offering them the chance to regularise their tax affairs.
Newly self-employed taxpayers should notify HMRC as soon as practicable when they begin working for themselves. Here’s some further guidance to help you avoid any unnecessary penalties.
HMRC has confirmed that more than 11.7 million people submitted their 2021-22 Self-Assessment tax returns by the 31 January deadline – the highest ever number of filings on record.
There are a multitude of rules and regulations that you must be aware of when you employ someone from abroad who is coming to work in the UK. Find out more
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.
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
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.
Usually, if you sell an asset for less than you paid for it you would make a capital loss. As a general rule if the asset would have been liable to CGT had a gain taken place then the loss should be an allowable deduction.
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.
There are tax implications that you will need to consider if you previously left the UK to live abroad and are now either returning to live and work in the UK or are considering such a move.
There are a multitude of rules that new businesses must follow when they start employing staff for the first time. These include ensuring registering for PAYE as an employer with HMRC.
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 their employees.
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