Member Since: 26th Apr 2016
4th Mar 2019
We will be fudging something together using (hopefully free) bridging software.
It will be a permanent solution until someone from HMRC says otherwise.
Total waste of everyone's time, but there we go.
4th Mar 2019
Sage would say that wouldn't they.
Bridging software will be here to stay for many years. If anything, HMRC will relax the requirements further once they realise the chaos caused.
7th Jan 2019
Just use the points and stop worrying about it.
1st Jun 2018
Just treat as two separate things:
1. Write off the debt and reclaim the VAT
2. Post the insurance claim ignoring VAT, as outside the scope.
26th Oct 2016
Thanks - that makes sense. Could you possibly point me to the section in FRS 102 where it actually confirm that is the case?
3rd May 2016
I am pretty sure we are compliant at the moment, as the scheme we currently run is with a well known pension provider and we are in their specific auto enrolment scheme... we also had IFA advice when it was set up.
The current rates up until 5/4/18 are a minimum employer contribution of 1% and a total contribution of 2%. If the employer only puts in 1% then obviously the staff HAVE to put in 1% as well, or opt-out. We are putting in 6% so well above the total minimum contribution, so I think this is fine, which is the advice we were given when we set it up.
However, as my question suggests I just don't know what happens when we get to 6/4/19 as the total has to be 8%, meaning our employees will have to put in 2%. If they don't want to put in 2% then presumably they have to opt out, in which case they will lose the 6% from the employer as well.... or can we just keep paying this into their pension even if they have opted out?