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Friday, April 24th, 2015

Legal Update – Tax & National Insurance

This legal update on Tax and National Insurance matters has been received from our legal expert Sandy Adirondack.

Workers supplied by intermediaries

In many cases, agencies or other suppliers of a worker are liable for operating PAYE for the worker, and from 6 April may need to report to HMRC if they do not.

www.sandy-a.co.uk/employment.htm#paye-intermediaries

Real time PAYE information

HMRC will not charge penalties for delays of up to three days in filing PAYE information, and employers can appeal if they received an in-year late filing penalty for being three days late or less for the period 6 October 2014 to 5 January 2015.

www.sandy-a.co.uk/employment.htm#paye-realtime

Tax codes

Increased recovery by HMRC through tax codes, from 6 April.

www.sandy-a.co.uk/employment.htm#paye-taxcodes

Tax and NI

Tax allowances and national insurance thresholds for 2015-16.

Exemption from secondary class 1 (employer’s) NI contributions on earnings up to £815 per week of employees aged under-21.

www.sandy-a.co.uk/employment.htm#tax-allowances

Employers allowance

Employers allowance (relief of up to £2,000 per year from employer’s national insurance payments) extended from 6 April to employers of personal carers.

www.sandy-a.co.uk/employment.htm#nics-allowance

Expenses and benefits in kind

New exemption from tax and national insurance on trivial benefits in kind has been delayed and did not come into effect on 6 April as originally announced.

www.sandy-a.co.uk/employment.htm#paye-benefits

 

For details of these and for all legal updates see Sandy Adirondack’s website.

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