Archive for 2016

Form P87 Tax Relief for Expenses of Employment

Your employees may be able to claim tax relief if they have to use their own money, and you haven’t reimbursed them, for travel or things that they must buy for their job.  For example; – repairing or replacing small tools – cleaning, repairing or replacing specialist clothing, for example, a uniform or  safety boots – business mileage, where an employee uses their own vehicle or fuel costs, if using a company car – travel and overnight expenses – professional fees and subscriptions paid to some approved professional organisation   It’s free and easy to make a claim through HMRC….


Tax Free Benefits

Rewards for employees where the employer and the employee benefit from cost savings include; Childcare Support Workplace Nursery Employee Travel Workplace Parking Staff Recognition Awards Gym Membership Employee Cars Mobile Phones Well-persons Check Private Healthcare Carbon off-setting Luncheon Vouchers Christmas Parties Meals in Staff Canteen Hot Drinks & Water at Work Car Clubs Professional Subscriptions Trivial Benefits upto £50 (inc High Street Vouchers) Training Long Service Awards Read more here  


Tax Free Payments in Lieu of Notice (Pilons)

As a rule Payments in Lieu of Notice (Pilons) are taxable, unless there is no express Pilon clause in the contract of employment and an employer has not established a tradition of paying departing staff Payments in Lieu of Notice.  In this instance the payment is an advance payment of damages, aimed at compensating the employee for the employer’s breach of contract and avoiding a potential legal claim, and will be exempt upto £30,000. Employers that wish to make tax free Payments in Lieu of Notice should check what they are doing to avoid a tax liability, because if employers incorrectly decide…


Making the most of Trivial Benefits

Now its even easier to be a lovely employer and give your employees Trivial Benefits in the form of treats and perks without creating a liability for the employee to Income Tax for a Benefit in Kind (BiK). To qualify as a Trivial Benefit, conditions A-D must be met; A – the BiK must not be cash or a cash voucher B – the BiK must cost £50 or less C – the BiK must not be provided as part of a salary sacrifice or contractual arrangement D – the BiK must not be provided in recognition of service performed…


Why Outsource your Payroll & Pension to Kent Payroll Bureau?

*Qualified *Experienced *Utilisation of the latest Sage Payroll Software, compliant with HMRC *Transparent Pricing Payroll & Pension is becoming a complex operation for SME’s with so much to do, but not enough staff to do it!  It doesn’t make sense to recruit qualified staff and purchase compliant software, when we do it so cost-efficiently and effectively. Give us a call today on 0333 320 7032 (local rate) to discuss your payroll outsourcing needs.


What is Auto Enrolment?

Every employer in the UK must put certain staff into a pension scheme, and contribute towards it. The ‘Staging Date’ is the date the law comes into effect for you. The Pension Regulator will send you a letter telling you when this is, but you can also check it here You are only exempt if you are a director of a business with no other staff, or your business has a number of directors, none of whom has an employment contract; but you must still complete a Declaration of Compliance within 5 months of your staging date to prevent being…


Confused about the Employment Allowance?

From 6th April 2016 Limited Companies will not be eligible to claim the Employment Allowance if they only have one employee who is a Director, or if the only employee earning above the ST (Secondary Threshold for Class 1 Ni) is a Director. If the company has employees above the ST at the beginning of the year, but a sole Director becomes the only person above the ST part-way through the year, the Company is still eligible for the Employment Allowance for the whole year. If the Company circumstances change part-way through the year, so more than one employee or…


HMRC Employer Bulletin

Published 6 times a year, giving the latest information on topics and issues that may affect your payroll.  If you process your own payroll subscribe at payerti/forms-updates/employer-bulletin/index.htm Obviously if we process your payroll you don’t need to worry about reading these bulletins, as we receive them, read them and action them automatically.


Income Tax Rates & Allowances and NIC's Rate for 2016/17 from today

Income Tax Rates; 20% Basic Rate: £0 – £32,000 40% Higher Rate: £32,001 – £150,000 45% Additional Rate: £150,000+ Income Tax Allowances Personal Allowance £11,000, Income Limit for Personal Allowance £100,000, Income Limit for Married couples Allowance £27,700, Marriage Allowance £1,100Max Married couples Allowance £8,355, Minimum Married Couples Allowance £3,220, Blind Persons Allowance £2,290, dividend Allowance £5,000, Personal Savings Allowance for basic raters £1,000 and higher raters £500 National Insurance Rates Class 1: Lower Earnings Limit (LEL) £112, Primary Earnings Threshold (PET) £155, Secondary Earnings Threshold (SET) £156, Upper Secondary Threshold (apprenctices under 25) (AUST) £827, Upper Earnings Limit (UEL)…

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