by Cristina Conea | Sep 3, 2023 | HMRC, PAYE, Pension
>Pension tax overpayments – £56m returned in Q2 2023 alone, so here’s how to claim People making the most of flexible pension withdrawals have been facing tax overpayments due to miscalculations by HMRC. In Q2 2023 alone, the taxman repaid...
by Cristina Conea | Jul 8, 2023 | NICs, P11D, PAYE, Payroll
P11D and P11D(b) forms from April 6, 2023, now need to be filed online by July 6 following a rule change from HMRC. If employers need to make amendments to any returns that have already been filed, these should also be made online through a new form via the expenses...
by Cristina Conea | Jul 8, 2023 | Allowance, PAYE, Self-Assessment
The threshold for people taxed through PAYE who are required to file a self-assessment return has increased from £100,000 to £150,000. Those affected should be contacted by HMRC if they need to change anything. That said, there have been times in the past...
by Cristina Conea | May 1, 2023 | Allowance, PAYE, Tax
Every employee working for a company has a Pay-As-You-Earn (PAYE) code which denotes how much tax you will pay in a year. If this code is incorrect, it could mean you are paying more or less tax than you should be, and may need to reclaim that money, or pay more....
by Cristina Conea | Sep 6, 2022 | HMRC, PAYE, Self-Assessment
Self-assessment is an annual event, and it is always towards the back end of the year that you need to start thinking about it. Many people will already be registered for self-assessment, but there are others who will need to register for the first time this year,...
by Cristina Conea | Sep 6, 2022 | HMRC, PAYE, PSA1
Dealing with PAYE is one of the main roles of any accounts department, and HMRC has been busy in this area over the past month, meaning there is plenty for businesses to know for the months ahead. One of the most pressing issues is that PAYE Settlement Agreements are...
