Welcome to our monthly newswire. In this edition we will focus on the Chancellor’s Spring Budget announcements. We hope you enjoy reading this newsletter and find it useful.
News & Updates
This levy is imposed at 0.5% on the total “pay bill” of the employer for 2017/18 and subsequent years. The starting point is to accurately calculate the “pay bill”, which is not necessarily the total amount of wages and salaries paid by the employer.
This charge is designed to discourage employers hiring skilled workers from other countries. As it is currently not permissible to impose a restriction on workers moving to the UK from other EU or EEA member states, the charge only applies to workers from non-EEA countries.
The tax penalty system contains two broad categories of penalties; those for late filing or late payment which increase according to the delay in filing or payment, and behavioural penalties which relate to errors in documents, failure to notify and under-assessment by HMRC.
Welcome to our monthly newswire. In this issue we cover a number of matters to consider before the end of the tax year and important changes being introduced in the next tax year.
Welcome to our monthly newswire. We hope you enjoy reading this newsletter and find it useful.