Reminders for Your Spring Diary

April 14 – due date for income tax for the CT61 period to 31 March 2016. 19/22 – Quarter 4 2015/16 PAYE remittance due. 30 – Normal annual adjustment for VAT partial exemption calculations (monthly returns). May 1 – start of daily penalties for...

New National Living Wage – Employer Responsibilities

The national living wage (NLW) replaces the current national minimum wage (NMW) of £6.70 per hour for people over the age of 25. Employers now have to pay workers over the age of 25 at least £7.20 per hour. Individuals between the age of 21 and 24 won’t be...

Pension annual allowance reduced

People saving towards their pension could miss out on the tax relief due to confusion around the new pensions tapered annual allowance, according to the Alliance Trust Savings. From 6 April 2016, people with adjusted income over £150,000 will see their annual...