RTI and PAYE Penalties

Happy with RTI? Now is the time to make sure you are as from April 2014, HMRC gets tough on those employers who fail to file and pay on time. The penalty regime is introduced in stages as follows: From … Continue reading

Get written confirmation of your NI number by email

HMRC has introduced an online version of form CA5403 so individuals can now email to ask for written confirmation of their own National Insurance number. This will be useful where the person has lost or can’t remember their NI number … Continue reading

Real Time Information – are you ready?

Most employers will be legally required to report payroll information in real time from April 2013. This means every employer will need to submit information about PAYE to the Inland Revenue every time a payroll is run and employees are … Continue reading

Shares granted under an EMI scheme will now attract entrepreneurs’ relief

Until recently, a shareholder selling a stake in their company only qualified for the tax attractive entrepreneurs’ relief if they held at least a 5% stake in the company. Now employees holding EMI options in their company no longer need … Continue reading

What is a car or commercial vehicle?

We all know the difference between a car and a van, don’t we? For tax purposes, as you might expect, it is not always that obvious but, given the tax treatment of vans is much more favourable than cars, it … Continue reading