Key Highlights UK employers offer two main types of benefits: statutory (mandatory) and non-statutory (voluntary). Statutory benefits include minimum wage, paid leave, sick pay, pensions,
Key Highlights Mistakes in the current tax year are fixed by updating year-to-date figures in your next Full Payment Submission (FPS). For previous tax years
Key Highlights An HMRC compliance check is a review of your self-assessment tax return to ensure accuracy. Common triggers for a tax investigation include inconsistent
Key Highlights If you are a contractor in the construction industry, you need to sign up for the Construction Industry Scheme (CIS) before you pay
Key Highlights If you’re a subcontractor under the Construction Industry Scheme (CIS), you may be due a tax refund. CIS deductions are advance payments on
Key Highlights Registering your business ensures legal compliance with HMRC, avoiding fines and safeguarding personal and business assets. Sole traders must register for Self Assessment
Key Highlights Benefits in kind are non-cash perks provided by employers that carry a taxable value. Most benefits are taxed as part of an employee’s
TL;DR A salary sacrifice arrangement is a formal agreement with your employer to reduce your gross salary in exchange for increased pension contributions. This arrangement
TL;DR HMRC is making the payrolling of benefits in kind mandatory from April 2027. There are currently no announced changes to the mandatory payrolling of
TL;DR A salary sacrifice scheme allows you to exchange part of your salary for increased employer pension contributions. This arrangement offers significant tax advantages by
TL;DR Maintaining accurate payroll records is a legal obligation for all UK employers to ensure compliance with HMRC regulations. Your business must store PAYE records
TL;DR A P45 statement is a form your boss gives you when you leave a job. A P60 is a paper you get from your
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