Getting to Grips with PAYE

HMRC recently reviewed the ‘effectiveness’ of its risk-based approach to late filing PAYE penalties, and opted to continue to use this approach for the current tax year. Here we provide an overview of the PAYE system. How the PAYE system works Pay As You Earn (PAYE) is the system through which employers deduct an amount … Continue reading Getting to Grips with PAYE

Autumn 2016 Newsletter

Believe it or not, Autumn is almost here and it's time for the Autumn 2016 edition of our newsletter, this time featuring: Tax Saving Tips for Businesses Passing on the 'family home': the additional nil rate band Is your capital gains tax bill as low as it could be? Revenue extends RTI late filing concessions … Continue reading Autumn 2016 Newsletter

Do You Employ Any Scottish Nationals? – If So Read This

A Scottish rate of income tax (yet to be announced) will apply from 6 April 2016, allowing the Scottish Parliament to reduce the basic, higher and additional rates by up to 10% or increase them by any amount without limit. The Scottish rate will be administered by HMRC as part of the UK income tax … Continue reading Do You Employ Any Scottish Nationals? – If So Read This

Summer 2014 Newsletter

The Green & Co Summer 2014 Newsletter is now available. Green Co Summer 2014 Newsletter The focus rests, in particular, on the following areas: Flexible pensions on the horizon PAYE reporting – year two of Real Time Information Increasing ISA limits and the relaxation of some rules Capital expenditure relief doubles £2,000 NIC cut for employers … Continue reading Summer 2014 Newsletter

Free SAGE Seminar: RTI & Auto Enrolment

  Seminar Agenda: 9:00 - 9:30am Registration, coffee and biscuits 9:30 - 9:45am Introduction and welcome 9:45 - 10:45am Presentation by James Sponder of Sage 10:45 - 11am Q&A session 11:00am Finish Come along and discover how to get the most out of your Sage package. Reserve your place on this free seminar by phoning … Continue reading Free SAGE Seminar: RTI & Auto Enrolment

Real Time Information (RTI) Penalties

The penalties for late filing PAYE under RTI have been kept the same for tax years 2012/2013 (pilot scheme) and 2013/2014, while RTI integrated in to businesses' everyday activities. However, from October 2014, the penalty regime for late RTI returns will become effective. Late filing penalties will apply from 6th October 2014, and late payment … Continue reading Real Time Information (RTI) Penalties

National Insurance cuts for Employers

In an attempt to promote job creation, it was announced in the Budget 2013, that firms based in the UK would be entitled to a £2,000 allowance towards employer National Insurance Contributions (NIC).  This Employment allowance will come into effect in April 2014 and is estimated to take 450,000 of the UK’s smallest businesses out … Continue reading National Insurance cuts for Employers

Real Time Information: Free Sage Workshop

Date: Tuesday 5th March 2013 Time: Registration from 09.00 Place: Green Meadow Golf Club, Treherbert Road,  Cwmbran, Gwent NP44 2BZ PAYROLL REPORTING IS CHANGING - ARE YOU READY? HMRC are introducing a new way of reporting PAYE called REAL TIME INFORMATION or RTI. What does this mean for your business? Green and Co invite you to a free … Continue reading Real Time Information: Free Sage Workshop

P.A.Y.E – Are You Real Time Ready?

All employers, commencing April 2013, will be required to inform HMRC every time that an employee is paid. This is being phased in over a six month period and all employers will be obligated to comply by October 2013. This is as opposed to the current system, in which HMRC are informed of an employee’s earnings on … Continue reading P.A.Y.E – Are You Real Time Ready?