Its findings are based on a 1% sample of employee jobs taken from HM Revenue and Customs (HMRC) and Pay As You Earn (PAYE) records; it does not cover the self-employed. The median, full-time gender pay gap decreased from 9.6% in 2014 to 9.4% in April 2015. This is the lowest ...
The UK has more than 2.7m unincorporated landlords and each year they report to HMRC rental property income worth some £41bn. Unincorporated landlords are people who earn additional income from renting out property as private individuals, rather than via their own property rental company. You ...
A tax code enables employers to know how much tax-free income you can earn, so that they can deduct the right amount of Income Tax and National Insurance contributions (NICs) from the rest of your earnings. Need to know! As an employee, you do not have to contact HMRC about your secon...
Employers are not legally obliged to keep records of SSP payments. However, it is always advisable to do so as they may be provided to HMRC in the event of an employee dispute. How much are statutory sick pay rates? At the time of writing, the weekly rate for statutory sick pay stands...
As an employer, you'll need to keep track of the linked SSP and make sure not to pay the employee more than 28 weeks of SSP. Remember, you can't get money back from HMRC because it's not a payment that can be reclaimed.
Help to Save is a government-backed savings scheme. It allows certain people entitled to Working Tax Credit or Universal Credit to receive a bonus of 50p for every £1 they save. Help to Save accounts can be open for up to four years. HMRC has chosen Salary Finance as a partner for ...