You don’t have to pay overtime providing you check that you will still be paying the employee at least the hourly national living or minimum wage rate when those extra hours are factored in. To avoid confusion, if employees have to work additional hours to get their job done ensure that their employment contracts specify whether those additional hours are paid and at what rate.
A large number of people have been underpaid their state pension. Payment of what’s owing is underway but if you receive such a payment, it may give rise to an income tax bill. What’s the issue?
There’s less than a month to renew tax credit claims for the year ahead. Why is more care needed this time round?
The pandemic has accelerated a tech-driven industrial revolution.
If you have children under 12 who attend a nursery, after school club, play scheme, childminder or you are considering sending them to a summer camp, you should think about setting up a tax-free childcare account. The government adds 25% to the amounts that you save in the account, contributing up to £2,000 for each child each year (a higher amount applies for disabled children). For example, if you save £8,000, this is topped up to £10,000.
HMRC is warning anyone that has recently purchased a property to be wary of cold callers claiming they are owed a refund of stamp duty land tax. What do homeowners need to watch out for?