The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.
Under self assessment taxpayers are required to make payments on account of their tax liabilities. The payment on account instalments consist of two payments on account of equal amounts:
The Association of Taxation Technicians (ATT) has warned that 'some people may not receive the tax demands they expect by the end of July' for their self assessment, even if it may be due.
HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including:
Internet link: Employer Bulletin
Over two thirds of EU citizens that are currently in the UK are here for work. The government is advising that if these individuals plan to remain living and working in the UK, after it leaves the EU, they can now apply to the EU Settlement Scheme (EUSS).
Many clients record the total hours worked by employees and workers who are paid on an hourly basis, but do you keep records relating to their breaks and also for your salaried workers, especially those who work additional unpaid overtime?
The European Court of Justice (ECJ) has recently ruled that employers must record the daily working time of individual workers in order to be able to demonstrate compliance with the Working Time Directive (WTD).
The way VAT is administered for businesses in the construction industry is changing from 1 October 2019. Organisations operating in this sector need to plan for these changes now so they are ready when the new rules take effect.