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HMRC have issued the latest version of the Employer Bulletin. This June edition has articles on a number of issues including: P11D and P11D(b) filing and payment deadlines benefits in kind with cash allowances, flexible benefits packages and salary sacrifice important information about childcare voucher and directly-contracted childcare schemes Construction Industry Scheme – helpful reminders … Read More

The Government is reminding ‘stressed out parents’ that help may be available for childcare costs during the summer holidays. According to a YouGov poll, 31% of parents feel stressed trying to arrange childcare for the school holidays. The poll, for HMRC, also found that around 30% of parents worried about balancing their job and school … Read More

HMRC has confirmed that the tax gap for 2016/17 has fallen to 5.7%. The ‘tax gap’ is the difference between the tax that should theoretically be paid to HMRC and the actual tax that has been paid. HMRC believes that the tax gap is lower as a result of its work to help taxpayers get … Read More

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2018, are due for submission to HMRC by 6 July 2018. The process of gathering the necessary information can take some time, so it is important that this process is not left to … Read More

Source: FreeAgent With the new tax year now under way, it’s a great time to think about making some changes to keep your business running as efficiently as possible in the year ahead. One of the most important pieces of spring cleaning you can perform is giving your business books a proper sort-out, so that … Read More

Source: FreeAgent The end of the tax year is rapidly approaching, which means it’s the perfect time to get everything in order and prepare your business for success in the next 12 months. So, if you run a business that prepares its accounts to 5th April each year, here’s some top tips to help make … Read More

Making Tax Digital (MTD) is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. The first stage of MTD will commence … Read More

Competex Pro has today published a new guide in association with the Interim Hub, titled ‘Interim Managers in the Public Sector: Limited or Umbrella?’ which is now available to download for free. This guide is for anyone working in the public sector as an interim, consultant, contractor or other independent professional, and it outlines the … Read More

April 2017 saw the introduction of HMRC’s ‘off-payroll working’ rules for anyone taking on temporary contracts in the public sector. The new rules specify that the end-client is now responsible for determining the IR35 status of a contract, and HMRC expect most contracts expected to fall within IR35 or risk an investigation. At the same … Read More

We are very pleased to announce that Competex Umbrella Ltd is now up and running for business! Competex Umbrella has been set up in response to the new HMRC legislation regarding temporary workers in the public sector who currently operate via Personal Service Companies (PSCs). The new rules are making PSCs an extremely tax-inefficient way … Read More