Remember to file a Full Payment Summary (FPS) on, or before, the date you pay your employees. Or submit an Employer Payment Summary (EPS) by the 19th if you don’t pay any employees.
All posts in Employees
Class 1 Secondary Nic’s (employer nic’s), upto the Upper Earnings Limit (UEL) (£813 per week), no longer payable for under 21’s to encourage employers to employ under 21’s.
This means an extra £600 can be earnt tax free, putting an extra £120 in your pocket for lower rate tax payers (20%), and £240 for higher rate tax payers (40%)
Allows working mothers the option to end their maternity pay and leave early (after 2 weeks of birth (or placement for adoption)) and to share untaken leave and pay with their partner, to enable partners to take a greater role in caring for the child. Shared Parental Leave can be stopped and started, and parents can be off at the same time. Parents must give their employers 8 weeks notice of their SPL plans. And all ShPP and SPL must be taken before the childs 1st birthday.
If your income is less than £10,600 in the 2015 to 2016 tax year, you may be able to reduce your husband, wife or civil partner’s tax by up to £212. The new Marriage Allowance will let you transfer some of your Personal Allowance to your partner. This is the amount of income people can get before paying tax. Marriage Allowance will be available later this year. You can register here https://www.gov.uk/marriage-allowance to get an email telling you when you can claim.