Settle the tax with a PSA

Settle the tax with a PSA

Occasionally you may reward your employees with something special such as a holiday or a hamper. If the value exceeds the tax-free amount permitted under the rules for say long service awards, trivial benefits or staff suggestions it will be taxable. To avoid your...
Beware of early RTI returns

Beware of early RTI returns

Do you know what can happen if your FPS report is received early by HMRC? Employers must send their PAYE reports to HMRC on or before the day they pay their employees. The full payment submission (FPS) report sets out what has been paid and the deductions made. If the...