Christmas payroll advice for employers

Employers that are planning to pay workers earlier than usual over Christmas can benefit from a temporary relaxation of real-time reporting of payroll. The usual rule requires employers to report their payroll information through real-time information (RTI) to HMRC on...

Conservatives promise to freeze main tax rates

The rates of income tax, national insurance and VAT will all be frozen in 2020/21, if Boris Johnson's Conservative Party forms the next government. Ahead of the general election on Thursday 12 December 2019, the Tories were the last of the major parties to reveal...

HMRC issues tax return scam warning

Taxpayers who have yet to submit their 2018/19 tax return through self-assessment are being warned about fraudulent scams. HMRC has warned millions of taxpayers to be on their guard ahead of the deadline at midnight on 31 January 2020. Over the last year, the Revenue...

Labour reveals plan for income tax increase

Around 1.6 million higher earners face the prospect of paying more income tax in 2020/21 if Labour forms the next government. Its manifesto announced the party's intention to raise income tax for those with annual salaries above £80,000 a year. The 45% rate of income...

Labour reveals plan for income tax increase

Around 1.6 million higher earners face the prospect of paying more income tax in 2020/21 if Labour forms the next government. Its manifesto announced the party's intention to raise income tax for those with salaries above £80,000 a year. The 45% rate of income tax...