Correcting VAT Return Errors

If you notice you have submitted an incorrect VAT return, you can adjust your next return as long as certain conditions are met. The adjustment must be below the reporting threshold, not a deliberate error and for a period within the last 4 years. You can adjust your...
Reductions To The Annual Pension Allowance

Reductions To The Annual Pension Allowance

The annual pensions allowance is set to change on 6 April 2016 if your “threshold” income exceeds £110,000 and your “adjusted” income exceeds £150,000. For most people the annual allowance is £40,000, but should your income exceed the above limits the allowance (which...

Reclaiming Your Statutory Payments

As an employer, you may already know that you can reclaim 92% of your statutory payments such as Maternity, Paternity and  Adoption Pay. However, you may not be aware that you can actually claim 103%! Yes, you heard correctly. If the total of your employees and...

Shared Parental Leave

New legislation came into force on 1 December 2014 regarding the statutory pay and leave entitlements available to employed parents. The changes will afford couples greater flexibility and give women the option to end their maternity leave early if they would prefer...