Pension Simplification & Rules
Pension Simplification & Rules have made it easier for people in the UK to understand and manage their retirement savings. With so many different types
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Payroll & PAYE
PAYE/NIC Late Payment Penalties
As you may be aware, since May 2010, HM Revenue is charging penalties for late payment of PAYE and National Insurance Contributions (NICs). This also
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Tax Treatment Payments on Termination of Employment
In certain circumstances, a lump sum payment to an employee on the termination of their employment may be tax-free. Where tax-free treatment is available it’s
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Corporation Tax Deductibility of Year End Bonuses
The application of accounting standards is important in the determination of a company’s taxable profit. Therefore, HM Revenue & Customs has recruited significant numbers of
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Main Tax Late Filing and Payment Penalties
This article summarises the main tax late filing and payment penalties. In addition, you should be aware there are penalties for providing incorrect information. As
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Step-By-Step Guide On The Basics of PAYE
In the UK, the PAYE (Pay As You Earn) system is a straightforward way for HMRC to collect income tax and National Insurance contributions from
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