IR35: Get ready for the off-payroll rules coming in April 2020
Are you paying your workers via personal service companies or agencies? You will need to operate new procedures from 6 April 2020 as HMRC bring in IR35 rules to the private sector. How does it affect employees? The new regime will affect you if you work via your own...Don’t forget there may be Tax to pay on your dividends in January
The rules for taxing dividends changed radically from 6 April 2016, for some taxpayers this means more tax to pay on dividends on 31 January each year. Have you got any tax to pay on your dividends?
Are you aware of the increased tax on termination payments from April 2020?
From 6 April 2018, new rules came into effect which means that all Payments in Lieu of Notice (PILON) would be subject to both employee and employer NIC in full as well as Income Tax.
Reporting Benefits in Kind to HMRC via forms P11D
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019 are due to HMRC by 6 July 2019.
Disguised remuneration loan charge starts April 2019
This new charge will apply to certain loans to directors and employees that are still outstanding on Friday 5 April and new arrangements put in place after that date.