vap
chartered certified accountants
CLIENTS page
CLIENTS page
From 6 April 2013, most employers will be required to send to HMRC payroll information in real time whenever they process payroll. Each time the payroll is processed, the payroll software will collect the necessary information and send it to HMRC online on or before the payment date.
For more detailed information, download PDF [right click and save target as].
From 7 January 2013, new rules will come into force that will affect child benefit claimants who live in a household where the net income of a person exceeds £50,000 in a tax year.
For these persons, child benefit will effectively be clawed back by 1% for every £100 of income in excess of £50,000. Once income reaches £60,000, child benefit will effectively be withdrawn.
For more detailed information, download PDF [right click and save target as].
NEWS
EMPLOYMENT ALLOWANCE
From 6 April 2014 almost all businesses, charities and community amateur sports clubs will be entitled to claim an annual Employment Allowance of up to £2,000 to reduce their liability to employer’s class I NICs.
For a detailed overview and how it may affect your business please click on the link [to download PDF right click and save target as].
Vehicle Excise Duty
New VED rates come into effect on 1 April 2017 for existing vehicles and for vehicles registered on or after that date. Details here: VED rates
PENSION CHANGES
From April 2018 pension contributions will increase. As an employer you have ongoing duties and this factsheet provides more information. Click on link below.
Making Tax Digital for VAT
From 1 April 2019 if your business is VAT registered and has a taxable turnover of over £85,000, it will have to comply with new rules for filing VAT returns. Our factsheet below provides more information on Making Tax Digital for Business, including MTDfVAT.
Click on link to download - MTDfVAT
VAT: DOMESTIC REVERSE CHARGE
From 1 March 2021 (delayed from 1.10.2019), there will be a major change in the way VAT is collected in the building and construction industry. Our factsheet provides more information. Click on link below.
Covid 19 - Help
For detailed information about help available for businesses and individuals, please get in touch.