Tax relief for employee pension contributions to pensions schemes is given in two different ways: The Net Pay Arrangement This is where contributions are deducted from an employee’s pay and tax relief is given to the employee at source, applied at their marginal rate. Relief at Source Contributions are deducted after tax and NIC and […]
HMRC has published the latest update for pension scheme administrators about the ending of contracting-out in countdown bulletin 38. This edition includes updates on:
Read articleThe Court of Appeal has found that British Airways treated a part-time worker less favourably by paying 50 per cent of full pay for being on duty 53.5 per cent of full-time hours. In British Airways v Pinaud, it was found that Mrs Pinaud worked a part-time contract of 14 days on and 14 days off. […]
Read articleHMRC has published its latest Employment Related Securities (ERS) Bulletin which provides information and updates on developments relating to ERS, including tax-advantaged employee share schemes. ERS bulletins are published when articles or updates become available and when HMRC has items to bring to your attention quickly. This latest edition includes articles on:
Read articleThe latest case to tackle unused annual leave has been decided by the Court of Justice of the European Union (CJEU). In Max-Planck-Gesellschaft v Shimizu, the Court had to decide whether a worker loses their right to the minimum annual leave entitlement provided under EU law if they do not apply to use it during the […]
Read articleThe Living Wage Foundation has announced its new Living Wage rate at £9 per hour and £10.55 per hour for those living in London. The rates are independently calculated based on what people need to live in the UK and London. This year’s increases, of 25p per hour and 35p per hour respectively, have been […]
Read articleThe government has announced an amendment to the interest provisions for late payment, repayment and penalties for several taxes, including Pay As You Earn (PAYE). The measure, outlined in the policy document announced in the Budget, clarifies existing interest provisions to ensure they apply as intended and it affects persons paying interest late or receiving repayments where […]
Read articleChanges to the van benefit and car and van fuel benefit charge from 6 April 2019 have been outlined in the 2018 Budget. This measure increases the van benefit charge by the Consumer Price Index and the car and van fuel benefit charges by the Retail Price Index from 6 April 2019. The flat-rate van […]
Read articleChancellor Philip Hammond has fulfilled his party’s manifesto pledge to raise the Personal Allowance to £12,500, a year ahead of schedule. From April 2019 the Personal Allowance will be £12,500 and the higher rate threshold will be set at £50,000. The basic rate limit will be increased to £37,500. Hammond then plans to index both rates in […]
Read articleThe National Living Wage (NLW) will rise to £8.21 from April 2019 an increase of 4.9 per cent, while the government has also accepted the Low Pay Commission’s (LPC’s) above inflation recommendations to increase the National Minimum Wage (NMW). Philip Hammond announced the increases in his 2018 Budget speech, stating: “Delivering higher wages for those […]
Read articleThe Employment Allowance (EA), which entitles employers to up to £3,000 a year off their National Insurance contribution (NICs) bill, is to be restricted to smaller employers. Philip Hammond, Chancellor of the Exchequer, explained in his 2018 Budget speech that the allowance was originally introduced to incentivise business to take on employees. “But at a […]
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