Self-employed traders with profits below the small profits threshold can still pay class 2 National Insurance contributions (NIC) to top up their state pension eligibility, says ICAEW
Total tax receipts have hit £553.2bn so far this year, up £48bn on the same period a year earlier, with a £1.7bn boost from the windfall tax on energy producers
Offering salary sacrifice schemes to employees can reduce tax liability and National Insurance costs for employers, explains Suzanne Gallagher, UK product manager of KeyPay
In this week’s Q&A, Croner-i payroll adviser Sue Walker, considers whether employer costs for employee’s medical treatment are subject to PAYE as earnings or a benefit in kind
Ten years since Rangers football club went into liquidation, HMRC has agreed to settle the long-running tax dispute, reducing the final tax bill to £56m
HMRC has confirmed that £400m a year was lost as a result of the use of marketed tax avoidance schemes, particularly through disguised remuneration, with Tamworth in Staffordshire the worst offender
HMRC has confirmed that it plans to amend the reporting requirements so that salary advances can be reported on or before the employee’s contractual pay day