by MAS | Sep 8, 2026 | Accounts, HMRC, PAYE, Tax credits
Pensioners whose income is over £35,000 have only days left to opt out of the 2026/27 Winter Fuel Payment and avoid having it recovered through the tax system. What do you need to know? For pensioners in England, Wales and Northern Ireland, the deadline for opting out...
by MAS | Apr 13, 2026 | Business advice, Financial news, HMRC, PAYE, Tax
PAYE HMRC is reminding employers to review PAYE coding notices as the 2026/27 tax year gets underway. With new tax codes now in operation, what should you be looking out for? HMRC highlights the importance of checking coding notices (P6 and P9) when they are received....
by MAS | Feb 11, 2026 | Financial news, HMRC, PAYE, Tax
For some pensioners, the 2025/26 winter fuel payment should be collected via their 2026/27 PAYE code. HMRC has started to issue PAYE codes for the new tax year, but the extra charge is missing. The winter fuel payment was paid to state pensioners automatically at the...
by MAS | Jan 15, 2026 | Business advice, Financial news, HMRC, PAYE
STUDENT LOANS If your employees have an outstanding student loan, HMRC will notify you via a start notice. You must then deduct repayments via the payroll. This is straightforward; you just need to ensure you set them up on the correct loan type. However, an awareness...
by MAS | Apr 16, 2025 | Business advice, Corporation Tax, Financial news, HMRC, NIC, PAYE, Self Assessment, Tax
PENALTIES The new tax year saw a change to the way interest on late paid taxes is calculated. What’s changed and what are the new charges? Prior to 2025/26, interest was charged at the Bank of England base rate plus 2.5% on most underpaid taxes. In a push for unpaid...
by MAS | Feb 27, 2025 | Accounts, CIS, Corporation Tax, Financial news, HMRC, NIC, PAYE
1 March New Advisory Fuel Rates (AFR) for company car users apply from today. 2 March 5% late payment penalty on any 2022/23 outstanding tax which was due on 31 January 2024 and still remains unpaid. 19 March PAYE, Student loan and CIS deductions are due for the month...
