Welcome to our February News designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we’re here to help.
HMRC reveal tax return statistics and worst excuses
HMRC have revealed that 10.39 million Self Assessment tax returns were completed ahead of the 31 January deadline.
Reporting PAYE information ‘on or before’ paying employees
HMRC have announced that a relaxation for employers with no more than nine employees is to be withdrawn from April 2016.
Digital quarterly updates
The government has issued a myth buster which hopes to lessen the fears regarding proposals for quarterly updates.
New National Living Wage to boost living standards
The government is reminding employers that a new National Living Wage is being introduced from 1 April 2016 and advising employers to get ready for this change.
Pensioners ‘to gain’ from new single tier state pension but younger people ‘worse off’
A new single tier state pension is to be introduced for those reaching state pension age from 6 April 2016 onwards.
Apprentices and employer National Insurance
From 6 April 2016, if you employ an apprentice you may not need to pay employer Class 1 national insurance contributions.