New advisory fuel rates from 1st March 2011
HMRC have published new advisory fuel rates to be used from 1st March 2011. This is due to the rapid increases in petrol prices.
Contracting out Rebate reviewed for 2012 onwards
The Government has published details of the contracted-out rebate rates that will apply from 2012. The new rates have been laid in a draft Order. It is a legal requirement for the rates to be reviewed every 5 years.
Proposed Increase to Northern Ireland's Agricultural Wages
The Agricultural Wages Board (AWB) for Northern Ireland has announced proposed changes to pay for agricultural workers.
Parish Council Clerks to fall under PAYE
HMRC have changed the legislation regarding payments to Parish Council Clerks (Community Council Clerks in Wales) and councils will now have to operate PAYE on payments made to them.
Changes to Income Tax brackets increase tax take on BIK
The changes in income tax thresholds in April 2011 may hide an unpleasant surprise for anyone in receipt of taxable benefits who are just on the margins.
Travel and Subsistence payments excluded from NMW
The National Minimum Wage (Amendment) (No.2) Regulations 2010 came into force with effect for pay periods starting on or after 1 January 2011 and will mean that travelling and subsistence expenses eligible for tax relief under section 338 Income Tax (Earnings and Pensions) Act 2003 will overall not count when calculating national minimum wage (NMW) pay.
UK Small Employers Relief to be reduced
The DWP has today announced that the Small Employers Relief will be reduce from 4.5% to 3% in April 2011.
Reported Problems with P9 codings
It has been brought to our attention that hundreds of incorrect tax codes seem to have been issued by HMRC relating to information provided on the P11d taxable benefit returns.
Payments to Employees Attending Full-Time Education Courses
Under the provisions of HMRC’s Statement of Practice 4/86 Payments Made By Employers To Employees When In Full-Time Attendance At Universities And Technical Colleges.
Additional Bank Holiday announced for Diamond Jubilee
The additional holiday will be on Monday the 4th of June 2012 and in order to facilitate a long weekend of celebrations, the late May Bank Holiday will be moved to the 5th of June instead, meaning a Saturday to Tuesday holiday for many UK workers.