Displaying 1-30 of 101 results
INSIGHTS VIEWPOINT
HMRC contacts self-employed delivery drivers
- Jan 2025
- ICAEW Insights
Individuals who worked as delivery drivers in 2023/24 and were not paid through pay as you earn should consider registering for self assessment if they have not already done so.
Exclusive
TAX FACULTY
Five payroll changes to look out for
- Jan 2025
- ICAEW
- Taxline
With (another) busy year ahead for payroll professionals, Ian Holloway picks out five developments that you need to know about and gives tips on how to manage them.
INSIGHTS VIEWPOINT
Claims for job expenses can be made online
- Jan 2025
- ICAEW Insights
The option for an employee to make a pay as you earn (PAYE) claim online for tax relief for employment expenses has been restored.
CHARITY COMMUNITY
Preparing for 2025 budgetary constraints
- Dec 2024
- Kristina Kopic
- Charity Community Newsletter
From 6 April 2025, Employer National Insurance (ER NI) contributions will increase from 13.8% to 15%. While intended to bolster public funds, this measure poses significant challenges for the charity sector, which already operates under financial constraints. This article explores the implications for charities, highlights the sector’s response and offers guidance on how charities can prepare and respond to potential financial difficulties.
INSIGHTS VIEWPOINT
Public finances stabilise as economic indicators flash amber
- Dec 2024
- ICAEW Insights
The lowest November monthly deficit in three years suggests public finances are stabilising, even as concerns increase around the economic and fiscal outlook for 2025.
INSIGHTS VIEWPOINT
MEMBER INSIGHTS
Member insights: December 2024
- Dec 2024
- ICAEW Insights
As members continue to digest announcements made in the Autumn Budget, it’s the rise in Employers’ National Insurance that dominates the agenda. But despite challenges, businesses remain cautiously upbeat for 2025.
INSIGHTS VIEWPOINT
Paying workers over the festive period
- Dec 2024
- ICAEW Insights
HMRC has published guidance on applying real time information (RTI) and auto-enrolment rules to working arrangements over the Christmas holidays.
INSIGHTS VIEWPOINT
MEMBER INSIGHTS
Member Insights: October/November 2024
- Nov 2024
- ICAEW Insights
The Autumn Budget met with much criticism by members, with the impact of employers’ national insurance and the national living wage dominating feedback. Meanwhile, announcements on business rates and incentives for growth were conspicuous by their absence.
INSIGHTS VIEWPOINT
Public finances fall short as Chancellor defends tax rises
- Nov 2024
- ICAEW Insights
The first monthly public sector finance release following the Autumn Budget confirms how much reliance the Chancellor is placing on tax rises to stabilise the public finances.
INSIGHTS VIEWPOINT
Help ICAEW tackle PAYE liabilities and payments discrepancies
- Nov 2024
- ICAEW Insights
ICAEW’s Tax Faculty is asking employers to provide details on a confidential basis of discrepancies between their records and HMRC’s pay as you earn (PAYE) liabilities and payments records.
Exclusive
TAX FACULTY
What are the managed service company rules?
- Nov 2024
- ICAEW
- Taxline
In the first of two articles exploring the managed service company rules, David Kirk looks at the definition of an MSC and explains the consequences of falling within the scope of the rules.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
Technical round-up: October 2024
- Oct 2024
- ICAEW Insights
This month’s top stories feature eight Budget updates covered by ICAEW’s Tax Faculty, a list of software products that are now ready for MTD ITSA, and new VAT guidance for private schools.
INSIGHTS VIEWPOINT
Budget updates on manifesto commitments
- Oct 2024
- ICAEW Insights
The government has provided updates on some of the key measures included in the Labour Party’s general election manifesto, including the taxation of “non-doms” and charging VAT on services provided by private schools.
INSIGHTS VIEWPOINT
National insurance increases for employers announced in Budget
- Oct 2024
- ICAEW Insights
From April 2025, employers will pay national insurance contributions (NIC) on an employee’s earnings above £5,000 at the rate of 15%. The employment allowance will be increased to £10,500 per year to help smaller businesses.
INSIGHTS VIEWPOINT
New process for PAYE job expense claims
- Oct 2024
- ICAEW Insights
From 14 October 2024, pay as you earn (PAYE) claims for tax relief for employment expenses must be made using form P87, with supporting evidence provided by post. The process for making a claim via self assessment is unchanged.
INSIGHTS VIEWPOINT
Changes to HMRC’s agent dedicated line
- Oct 2024
- ICAEW Insights
From 7 October 2024, there will be one combined agent dedicated line (ADL) for self assessment (SA) and pay as you earn (PAYE), and a new process for chasing SA repayments.
Tax news in brief 25 September 2024
- Sep 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 25 September 2024, including: new guidance from HMRC on transfer pricing and VAT compliance; updated HMRC bank details for some taxes and duties; and a reminder from HMRC to register for self assessment by 5 October 2024.
INSIGHTS VIEWPOINT
Tough choices ahead as public spending continues to rise
- Sep 2024
- ICAEW Insights
Year-to-date deficit is the third highest for August since monthly records began.
INSIGHTS VIEWPOINT
Further details emerge on claiming PAYE repayments
- Aug 2024
- ICAEW Insights
HMRC’s communications and guidance on claiming pay as you earn (PAYE) repayments omits key information. ICAEW’s Tax Faculty explains more about the new process.
INSIGHTS VIEWPOINT
Employees must claim PAYE repayments
- Jul 2024
- ICAEW Insights
HMRC will no longer automatically issue a cheque where an employee is due a repayment under pay as you earn (PAYE). Instead, the employee must take action to receive the repayment.
INSIGHTS VIEWPOINT
Rules for reporting salary advances relaxed
- Jun 2024
- ICAEW Insights
Changes have been made to the rules applying to advances on wages and pay as you earn (PAYE) real time information (RTI) reporting.
Exclusive
TAX FACULTY
How to prepare for mandatory payrolling of benefits in kind
- Jun 2024
- Michael Nicolaides and Kym Wise
- Taxline
HMRC has announced that employers must payroll benefits in kind from April 2026. In this article, Michael Nicolaides and Kym Wise consider what we do and do not know about HMRC’s plans, and how employers can begin to prepare for the changes.
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
Technical round-up: May 2024
- May 2024
- ICAEW Insights
This month’s top stories include a HMRC warning about VAT bank details fraud; an NAO report showing taxpayers have been let down by poor HMRC service; and HMRC rejecting the ‘brightline’ test for furnished holiday lets.
INSIGHTS VIEWPOINT
HMRC launches fully digital service for voluntary NI contributions
- Apr 2024
- ICAEW Insights
The government has launched a new service that allows individuals to identify gaps in their national insurance (NI) record and make voluntary contributions without phoning for a reference number.
INSIGHTS VIEWPOINT
Avoid payroll errors with HMRC’s online starter checklist
- Apr 2024
- ICAEW Insights
New employees should complete the starter checklist before their first payday so their employer can report the details via PAYE RTI to HMRC correctly first time.
INSIGHTS VIEWPOINT
Payroll and rewards updates from ICAEW
- Apr 2024
- ICAEW Insights
ICAEW’s Tax Faculty has published a TAXguide on PAYE rates, thresholds and allowances, and produced a webinar on recent changes in employment taxes and related areas.
INSIGHTS VIEWPOINT
ICAEW gives five reasons to use the HMRC app
- Mar 2024
- ICAEW Insights
Join the 1.2m people a month using HMRC’s app to get tax information, stay up to date with tax payments and more.
Tax news in brief 13 March 2024
- Mar 2024
Highlights from the broader tax news for the week ending 13 March 2024, including: the publication of legislation providing for the Spring Budget NIC cuts; changes made by secondary legislation across a range of areas, including R&D tax relief, PAYE and CIS; new HMRC guidance on ISAs; and the opportunity to claim a refund for Italian VAT paid on goods and services related to Italian business activities.
INSIGHTS VIEWPOINT
Outlook for public finances broadly unchanged
- Mar 2024
- ICAEW Insights
Chancellor cuts national insurance again but defers difficult decisions on public spending until after the general election.
INSIGHTS VIEWPOINT
Non-dom regime replaced by foreign income and gains regime
- Mar 2024
- ICAEW Insights
In the Spring Budget, the Chancellor announced that the current remittance basis of taxation will be abolished for UK resident non-domiciled individuals from 6 April 2025 and replaced by a new four-year foreign income and gains (FIG) regime.
Displaying 1-30 of 101 results
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