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...
Companies Spared Tax Rises

Companies Spared Tax Rises

Last year the Chancellor Rishi Sunak proposed increasing corporation tax rates such that companies with annual profits of over £250,000 would pay tax at 25%. Those with annual profits of less than £50,000 would continue to pay tax at 19% but a marginal tax rate of...