HMRC guidance on new pension flexibility
Following the Budget announcements regarding pension flexibility HMRC have now issued some guidance for those individuals who may wish to review their pension options.
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Employers no longer able to reclaim SSP
The Percentage Threshold Scheme (PTS), which allows employers to reclaim Statutory Sick Pay (SSP) in certain circumstances, is abolished from 6 April 2014.
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Disclosure facility for those with undisclosed second incomes
The Second Incomes Campaign is an opportunity open to individuals in employment who have an additional untaxed source of income.
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More guidance on Class 3A NIC
Further guidance has been issued on Class 3A National insurance contributions (NIC).
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More HMRC guidance on the Employment Allowance
The Employment Allowance of up to £2,000 is available to most employers from 6 April 2014.
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Increase in NMW rates
The Government has approved a rise in the National Minimum Wage rates which will come into effect on 1 October 2014.
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P11D deadline approaching
The forms P11D, and where appropriate P9D, which report details of expenses and benefits provided to employees and directors for the year ended 5 April 2014, are due for submission to HMRC by 6 July 2014.
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