The claims portal of HMRC is now live as it was announced that small businesses can reclaim refunds for COVID-19 related sick pay. On 21 December 2021, employers who have employers less than or equal to 250 are eligible for Statutory Sick Pay Rebate as announced by HM treasury. The…
As per new implementations, HMRC will no longer pay tax credits, child benefits or guardian allowances into Post Office card accounts effective from 1st December 2021. Recipients of such payments must notify HMRC with the details of either an alternative bank account details or set up a new bank account…
HMRC has recently confirmed in its latest quarterly update on ‘Check Employment Status for Tax’ that the tool wasn’t able to determine more than 20% of the cases put through that the worker comes within the off-payroll (OPW) rules or not. As per HMRC, they wanted to identify whether the…
The working tax credits (WTC) recipients will now have to start reporting if there will be any changes to their working hours again from 25 November 2021 to HMRC. The recipients were not informing HMRC regarding temporary reductions to their working hours due to coronavirus. On 29 September 2021, HMRC…
Employers will have to use these rates and thresholds when they operate their payroll or provide expenses and benefits to their employees. The rate of National Insurance contributions will change for a year from April 2022. The increase in the amount you contribute will be spent on the NHS and…