Member Since: 20th Feb 2007
Self employed IT Consultant
9th Jan 2020
Week 53/54/56 payments are, by their very nature, too late to resolve by RTI. By the time HMRC knows about them the employee's cumulative tax for the year in question is already wrong.
To avoid a payment period in which the employee gets no free pay and a smaller base-rate band, that period is calculated is if it were week 1/2/4 of a new tax year. This is generally likely to result in a PAYE underpayment of tax, though it can also result in an overpayment if, for example, the employee started their job late in the tax year.
There really isn't any way round this. They designed PAYE that way because they don't want people having a 1/2/4 week period once every few years in which they unexpectedly have a high one-off tax bill. Delegating the problem through to the SA process allows the liability to be prepared for.
28th Nov 2019
Accountant A wrote:
Just started looking and what complete and utter garbage are these:
"Public filing of large company tax returns
Labour will require all large companies (using the definition in the Companies Act 2006) to file their tax returns publicly, along with related documents, at Companies House. This will help the public know where companies are avoiding tax and will give parliamentary committees the power to ask searching questions of the companies and HMRC.
Public filing of tax returns of wealthy individuals
This would be required for all individuals earning over £1 million. This system of public filing, following the lead of Scandinavian countries, should inform public debate on income and wealth inequality. "
Why the bl00dy hell should the great unwashed have access to my (not mine, obviously, but those earning over £1m) tax returns?? If HMRC are doing their jobs, it absolutely no-ones' business.
If one is serious about this being a good idea, why on earth is the limit set at £1million? If it isn't an unwarranted invasion of privacy why not make *everyone's* tax returns free for all to examine?
28th Nov 2019
It always amuses me when people use the term "Marxist" thinking that it's an insult.
It is a political philosophy that beggars every country it is tried in. To the extent that true believers invariably declare (retrospectively), "Ah, but that wasn't REAL Marxism!". Why wouldn't the rest of us consider it an insult?
1st Nov 2019
If this version has similar functionality to the one that used to come as part of some releases of MS Office it is a very useful tool for charting the workflow and stage dependencies of a medium sized project. I used it when developing my own software. When there are perhaps 50 stages to a project some of which can run concurrently while others depend on the completion of earlier stages it can get difficult to manually work out how long the whole project will take and difficult to assess progress against the plan in real time.
1st Aug 2019
Neither the previous employer nor the payroll provider have done anything wrong. They are legally obliged to operate whatever tax code HMRC gives them. They could be fined if they did anything else. It isn't their duty to divine the personal circumstances of employees and work out how much tax they should pay. End of story.
What I find bizarre is that someone who refers to themselves as if they are an accountancy practice doesn't already know this.
26th Jul 2019
On a related note, the thing that really burns me up is people who park about 10ft from the front or rear end of a multi-car marked parking area. What can they be thinking? (Don't answer)
You see it all the time and it is utterly selfish reduction in the effective length of the space and the number of cars it can hold, to no benefit for the person being selfish.
13th Jul 2019
If your client is a normal UK business/organisation I would expect that this employee should be treated exactly like any other as far as PAYE/NI/auto enrolment is concerned. I imagine that the employee may well opt out of auto-enrolment, as a UK pension from a single year's minimum contributions made to it is unlikely to be of interest to them.
5th Jul 2019
Depends how you do it when processing. I think most people would show one off bonuses as a separate line but there's no obligation to do so
On a P60?
9th Nov 2018
Did they let you carry on doing this work *after* they'd received the first invoice. It strikes me that the very latest time they should be querying this is straight away, the first time they receive one of these invoices for extra work. Waiting for months and only then querying the charges is a nonsense.
It is easy for a new accountant to claim that they wouldn't have charged for the extra work. It is a cost-free claim for them to make, that they can make without evidence.
21st Oct 2018
As others have pointed out this would only become an issue if there were some doubt that the employee is truly pregnant. From memory (this may be flawed) the tick box in software that MATB1 has been seen only generates a warning (ie not an error) if it hasn't been ticked and the employee is otherwise entitled.