Student loan deductions

Student loan deductions

Employers fulfill many collection roles for HMRC, one of which is the collection of student loan repayments. There are now three types of student loans for which employers may be responsible for deducting loan repayments from an employee’s pay. These are: Plan 1...
Penalties for late self-assessment returns

Penalties for late self-assessment returns

The normal due date for a self-assessment return where filed online is 31 January after the end of the tax year to which it relates. This means that self-assessment tax returns for 2017/18 should have been filed online by midnight on 31 January 2019, and...
Getting ready for off-payroll working changes

Getting ready for off-payroll working changes

The off-payroll working rules that have applied since 6 April 2017 where the end client is a public sector body, are to be extended from 6 April 2020 to large and medium private sector organisations who engage workers providing their services through an intermediary,...
Tax-free mobile phones

Tax-free mobile phones

Mobile phones are ubiquitous – they are also subject to a tax exemption which enables employees to enjoy a mobile phone provided by their employer without suffering a benefit in kind tax charge. However, as with all exemptions, there are conditions to be met for the...
How to save on inheritance tax

How to save on inheritance tax

Inheritance tax – frequent gifts can be free of tax. Within a family scenario, there are many situations in which one family member may make a gift to other family members. However, the way in which gifts are funded and made can make a significant difference to...