High Income Benefit Charge Catching You Out?

By Gary Robinson / June 5, 2022

Mistakes made when claiming higher rate child benefit are most frequently the result of poor communication from HMRC and it is more difficult for those with complex, fluctuating earnings The high income child benefit charge (HICBC) raised £416m in 2019-20 but it is a hard tax charge to administer as many of the families affected…

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Latest Business News

By Gary Robinson / November 20, 2021

Inflation, tax rises – and the family budgetApart from the human cost, covid has cost us all a great deal. In the first year of the pandemic, from April 2020 to 2021, the government borrowed £299bn, the highest figure since records began in 1946. Another £200bn will be needed this year, and as taxpayers, we…

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October Update

By Gary Robinson / October 16, 2021

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! The best way to predict the future is to create it!The latest Office for National Statistics (ONS) survey to June 2021…

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Mobile Employees

By Gary Robinson / July 31, 2021

For income tax, the basic principles from which to start are that an individual who is resident in a country will generally be taxed in that country on their worldwide income, but regardless of residence, an individual who is physically present and working in a country will be liable to tax in that country on…

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National Living Wage and National Minimum Wage rise from 1 April

By Gary Robinson / April 4, 2021

Millions of workers in all parts of the UK will receive a pay increase from today as minimum pay rates rise, with the age threshold reduced to 23 year olds Around two million of the UK’s lowest-paid workers will benefit from an increase in National Living Wage and National Minimum Wage. The National Living Wage…

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National Living Wage

By Gary Robinson / March 25, 2021

Present and future wage rates First, it is appropriate to discuss the upcoming changes to the minimum wage, of which the National Living Wage is the highest rate of pay. Below is a table which highlights the current rate of NLW and the ages entitled to it, as well as the new structure from 1…

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Five furlough changes you need to know about

By Gary Robinson / January 21, 2021

The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 30 April 2021. The long-awaited government guidance confirms many of the details surrounding the extended furlough scheme for employers. Overall, it outlines that despite the increase in flexibility that the extended scheme provides when compared to…

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Furlough Changes

By Gary Robinson / January 14, 2021

The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 30 April 2021. The long-awaited government guidance confirms many of the details surrounding the extended furlough scheme for employers. Overall, it outlines that despite the increase in flexibility that the extended scheme provides when compared to…

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Furlough Extended To April 2021

By Gary Robinson / January 7, 2021

The eligibility criteria for the UK-wide scheme will remain unchanged with 80% of salaries paid by the government under the furlough rules. These changes will continue to apply to all devolved administrations. Aside the financial support for employees under the Coronavirus Job Retention Scheme (CJRS) extension, the Chancellor arguably had an eye on the potential…

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Virtual Christmas Party

By Gary Robinson / December 14, 2020

Due to the coronavirus restrictions, you may be unable to host your usual Christmas Party for your employees. We are pleased to confirm that the annual parties’ exemption (s264 ITEPA03) will apply to the costs associated with virtual parties in the same way that it would for traditionally held parties. Therefore, subject to the normal…

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