Virtual Christmas party counts towards annual function exemption

Virtual Christmas party counts towards annual function exemption

Employers may be considering how they can celebrate the upcoming festive period, since a traditional office Christmas party is out of bounds. Moving merriments ‘online’ is one way to ensure that you can all still get together, safely. An online

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Taxable expenses and benefits guidance updated ahead of P11D deadline

Taxable expenses and benefits guidance updated ahead of P11D deadline

Ahead of the P11D and P11D(b) deadline on 6 July, and in light of Coronavirus, the Government has updated its taxable expenses and benefits guidance. If you provided benefits in kind or non-exempt expenses to employees during the 2019/20 tax

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Chancellor extends SEISS and details ‘flexible furlough’

Chancellor extends SEISS and details ‘flexible furlough’

On 29 May, the Chancellor announced a more flexible furlough scheme and an extension of the Self-Employed Income Support Scheme (SEISS). Furlough scheme to become more ‘flexible’ from 1 July From 1 July, furloughed employees will be able to return

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National Insurance thresholds to rise in April 2020

National Insurance thresholds to rise in April 2020

At the end of January, the Government bought legislation to Parliament to increase National Insurance Contribution (NIC) thresholds. The increases will take effect in April 2020. Some payrolls processed at the end of February pay on 6 April. This, in

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Civil partnerships and tax

Civil partnerships and tax

Mixed-sex couples in England and Wales have been able to register their intent to enter civil partnerships since 2 December 2019. This follows former Prime Minister, Theresa May’s announcement in October 2018, that the law would change. At time of

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P11D’s; Have you told us about your health insurance policy?

P11D’s; Have you told us about your health insurance policy?

A health insurance policy that is paid for by you as an employer, on behalf of an employee, is considered to be a taxable benefit in kind by HM Revenue & Customs (HMRC). Subsequently, this benefit should be reported to

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Turkey, tinsel and tax-efficient gift-giving

Turkey, tinsel and tax-efficient gift-giving

During the season of good-will, many employers like to throw a festive party or give staff a token of thanks. Whilst this is always a great way to boost morale and celebrate another year done, it pays to keep your

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