The employment allowance amount will increase from 6th April 2016.
Companies will have their PAYE bill cut by another £1,000 as the Employment Allowance changes from £2,000 to £3,000 per year.
Businesses from April 2016 will be able to employ 4 people full time on the National Living Wage and pay no National Insurance at all.
If you are a Dataplan customer and you qualify for the employment allowance Dataplan will look after this and manage the whole process for you.
If you have any questions please contact us on 03331 123456.
The new tax year is fast approaching, and one of the more interesting changes the Government has announced will happen from 6th April 2015 onwards is the abolition of Employers National Insurance contributions for any employee under the age of 21. A fairly generous change since it will cost Her Majesty’s Government around half a billion pounds a year!
It is that time of year again. The time of year when HMRC flick the big ‘issue’ switch on their tax code computer and millions of employees disappear under a mountain of paper.
Most of our clients are unsure when the PAYE has to be paid by, well let me clarify this for you… The PAYE has to be paid by the 22nd of the month that follows the end of the tax month. It is a very good idea to allow enough time for the payment to clear and to reach the HMRC before the payment date is due. Your bank can usually advise you on how long this can take. If you are late paying the PAYE you may incur charges. Check out www.hmrc.gov.uk/payerti/end-of-year/payepenalties/late-payments.htm
HMRC have commenced notifying employers of the raising of Penalties for 2010/2011 when PAYE payments have been received late. The penalties are on a sliding scale form 1% to 4%. HMRC will not charge a penalty if there was only 1 payment late.