Resources
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VAT Surcharges
In this fact sheet we look over the basic process of mounting an appeal against a VAT Surcharge. The Regime The surcharge liability regime is contained within the VAT Act 1994. The regime seeks to penalise, in the main, those traders that consistently pay their VAT liability late or submit VAT returns late. The first…
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Top 10 myths of self employment
Untrue! Whether somebody is employed or self-employed is decided by judges in cases heard in courts and tribunals. With very few exceptions for a handful of specific industries, there is no legislation on what makes somebody self-employed, and the tax office can only give its own view, which carries no more weight than yours or…
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Rights associated with employment status
Please see the table below which sets out the employment protections available to individuals based on their status. Employee Worker Agency Worker Subcontractor Unfair Dismissal Rights Yes No No No Redundancy Rights Yes No No No Statutory Notice Yes No No No Holiday Pay Yes Yes Yes No TUPE Yes Potentially Potentially No Agency…
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National Minimum Wage & National Living Wage April 2024-25 rates
Effective from April 2024 From 1 April 2024, workers aged 21 and over will be entitled to the National Living Wage. National Living Wage (21 and over) Development Rate (18 – 20 years old) Young Workers Rate (Aged under 18) Apprenticeship Rate (Apprentices aged under 19 or aged over 19 but in the first year of their apprenticeship) £11.44 …
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Employment Status
Getting employment status wrong has numerous negative ramifications. It can lead to a substantial tax bill from HMRC, employment tribunal defeats and a damaged reputation to name but a few. For construction companies there are also the additional penalties of the CIS Scheme to consider. In this fact sheet we will look at the basic…
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Worker Status
Introduction to Worker Status: The independent status of ‘worker’ is becoming more and more prominent. It is now the gateway for individuals to make a number of claims for employment rights. If an individual can prove they are/were a worker, then they will qualify for: Tribunal Claims In recent years, the importance of worker status…
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Can I change my employees contract?
An employment contract, like most contracts, can only generally be changed or varied with the agreement of the parties to the contract. After all, what would be the point of having a contract in the first place if this were not the case? Many such agreed variations to employee contracts occur regularly in the normal…
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The Agency Workers Regulations
Introduction The Agency Workers Regulations: The Agency Workers Regulation 2010 (AWR) have had a significant impact on the way that employment agencies and umbrella companies operate. The AWR bestows significant rights and benefits on those that qualify as Agency Workers. Terms and conditions: The AWR requires that Agency Workers receive the same terms and conditions…
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Top VAT Tips
1. Flat Rate Scheme (‘FRS’) This is a scheme available to ‘help’ small businesses. You are eligible if you expect your taxable turnover in the next 12 months won’t exceed £150,000 net. Pros: simplified way of accounting for VAT as the fixed percentage for the trade sector is applied to gross income; you charge 20%…
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Insight into Accountability GDPR
Insight into Accountability GDPR in the UK Underpinning the General Data Protection Regulation (‘GDPR’) are several data protection principles which ensure compliance in relation to the processing of an individual’s personal data. These principles are broadly similar to the existing principles under the Data Protection Act 1998 (‘DPA’). A significant change introduced by the GDPR…
