We have set out some topical tax points you may like to consider during the 2020/21 tax year to ensure that you are minimising your tax liabilities by maximising your reliefs and exemptions. This material is published for the information…
The funding and business support landscape for SMEs We have spoken to a number of our contacts from funding and business support organisations who have provided short, informative vlogs on the current landscape, including government support measures, as we move…
As widely anticipated, in a move to boost confidence in the property market and increase momentum in property transactions, Rishi Sunak has today announced temporarily reduced rates of Stamp Duty Land Tax (SDLT) on residential property purchases. The key measures…
A third iteration of support to employers who have furloughed employees and accessed the Government’s job retention scheme has been announced. This latest announcement has been designed to help mitigate the potential job loss cliff edge anticipated when the scheme…
Following on from our recent blog highlighting the key changes to the coronavirus job retention scheme, this article is intended to provide some further detail and insight in to the changes announced. If you would like more information, please view…
The registration process In order to complete and submit a return a ‘scheme’ needs to be registered online. To register your schemes and arrangements, you need access to HMRC Online Services and PAYE for employers. Once you have access: Login…
What are reportable events? The most common events that need to be reported are the purchase and sale of shares by directors and employees (this may include shares being bought back from or sold by a founder shareholder) and the…
The Returns The ERS returns are accessed through the same online portal as you use for your usual payroll filings. Your business is probably already registered as an employer, but if going online for the first time, you’ll need to…
Now that the 2019/20 tax year has come to an end, there are a variety of tax filing obligations on employers. One of these obligations is that if employees (including directors) have any transactions involving shares or similar securities in…
The Payroll Update Webinar is now live! This year FC Payroll Solutions will be presenting our Payroll Update via a free webinar. Payroll legislation is constantly changing and keeping fully up to date can be challenging. Our Head of Payroll…
