Brook & Ledger — UK business, markets, and money — for people who read the numbers first.
The UK's largest water company said it had proposed an "interim" deal under which the deadline to pay off an unspecified portion of the £20bn of debt on its balance sheet would be extended from 2027 to March 2028. The…
Read moreSmith has had conversations with Xyra Group in recent days but does not plan to take part in any takeover efforts until a deal has been completed, it is understood. The Poundland founder, who set up the retailer with his…
Read moreSafety inspectors said there was "an obvious risk of further tragedy", with a second similar fatal event still being investigated, and called for an overhaul of this type of crossing. The van driver, Brandon Hatcher, 23…
Read moreA termination payment is a payment or benefit provided to an employee because their employment has ended, or is ending. Termination packages can include many different elements such as: redundancy compensation…
Read moreThe tax figures in these examples are illustrative. The Income Tax rate applied will be the rate that applies to the employee, including any applicable devolved Income Tax rates. How to report multiple benefits in kind…
Read moreInteraction between National Insurance contributions and employee category letters There is no interaction between Class 1A National Insurance contributions and the employee category letters. Class 1A will be reported by…
Read moreThe guidance for what to do with your payroll and PAYE reference numbers if your business changes will remain the same. Find out what to do if your business merges or changes ownership, or if you move employees from one…
Read moreIf you’ve made an error related to mandatory payrolling in your Real Time Information ( RTI ) returns for 2027 to 2028, you will not be charged penalties for inaccuracies unless there is evidence of deliberate…
Read moreNormal on time payments should include a 13-character reference number as the payment reference. The reference number can be found either: in your HMRC online account on the letter HMRC sent to you, your accountant or…
Read moreWhat the published legislation does This legislation supports the introduction of mandatory payrolling of certain employee benefits in kind from April 2027. Instead of reporting these benefits to HMRC at the end of the…
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