PAYE Tax Payers
PAYE Tax Errors You may have seen the media coverage over the past few days about over and underpayments of tax. It has been widely reported that HMRC’s new PAYE computer has calculated that some six million people have underpaid £3 billion in PAYE. HMRC are currently sending out letters to people if they believe …
Tax free expenses
What expenses are tax free Whether you’re a company director planning your own salary package, or looking for ways to cut the cost of your staff payroll, you can consider the following tax-free* expenses: Accommodation, supplies and services used in employment Annual parties and functions Bus services subsidised by the employer Cars for disabled employees …
High income child benefit charge
The High Income Child Benefit charge will be introduced from 7 January 2013. You may be liable to this new tax charge if you, or your partner, have an individual income of more than £50,000 and one of you gets Child Benefit or contributions towards the upkeep of a child. HMRC at present are writing …
A to Z of flat rate percentages by Trade Sectors (2016)
A Sector Trades % Accountancy or bookkeeping Accountants 14.5 Bookkeepers Income tax preparation services Advertising Advertising consultants 11 Advertising space providers Advertising services such as billposting Agricultural services Services to agriculture such as equipment hire with operator or animal transport or breeding services 11 Any other activity that is not listed elsewhere Coin operated photographic …