|Posted on 24 March, 2015 at 0:15||comments (4)|
Basic Personal Allowance and Transferable Allowance for 2015/16
The personal allowance for those born after 5 April 1938 will be £10,600 for 2015/16. As a corollary, the transferable allowance for married couples and civil partners (10% of the personal allowance) will be £1,060. The higher rate threshold (i.e. the aggregate of the personal allowance and the basic rate limit) will be £42,385.
Abolition of the £8,500 T...Read Full Post »
|Posted on 16 May, 2014 at 11:20||comments (1)|
Preparing to operate PAYE in real time
From 6 April 2013 employers started reporting PAYE information to HM Revenue & Customs (HMRC) in real time. You may see this referred to as Real Time Information - or RTI.
This means that employers (or their accountant, bookkeeper or payroll bureau) have to:
• send details to HMRC every time they pay an employee, at the time they pay them
• use payroll softwa...Read Full Post »