Employment Taxes

Employment Taxes

We know the importance of providing the right tax advice and support that you can rely on.

We work with you to ensure your employee remuneration packages are structured in a tax-efficient way, taking advantage of all available reliefs and exemptions.

With Employment Taxes being the most significant contributor to the Treasury it is hardly surprising that HM Revenue and Customs (HMRC) carry out some 30,000 employer compliance visits each year, with an average financial settlement of £10,000.  Employers are also seeking more and more imaginative ways to attract and retain staff in an increasingly complex tax environment so it is essential that they take the highest level of advice.

Our Employment Taxes Team works alongside your business to ensure that all your compliance obligations are met. We act as a sounding board in relation to employee benefits, compliance and planning suggesting new ideas to reduce Income Tax and National Insurance Contributions (NIC), through salary sacrifice schemes, benefits and remuneration planning etc. 

We can help with:

  • Payroll administration (see Business Solutions)
  • HMRC visits
  • Expenses policies, procedures and planning
  • Employment verses self-employment and the inherent problems surrounding status enquiries by HMRC
  • Redundancy – Compromise Agreements, ex gratia payments
  • Expenses and benefits planning, compliance and completion of forms (P11D etc)
  • Tax planning initiatives making the most of the tax system
  • Dispensation Agreements  
  • PAYE settlement agreements
  • PAYE health checkswith detailed reports of our findings
  • Remuneration planning

Our many years’ experience have given us insight into how tax authorities work. Our understanding of business structures means that we can create a tax strategy that will work to your best advantage.

Our clients range from sole traders to large limited companies across a variety of sectors.

We will deliver a real benefit to businesses, providing high quality timely information with a commercial and experienced approach. PAYE and NIC risks will be identified and minimised. We will assist you in meeting all existing HMRC compliance requirements and, where appropriate, provide updated guidance.

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  • Employment intermediaries – an update

    The original idea for the changes to onshore employment intermediaries was first announced as part of the 2012 autumn statement with the offshore intermediaries following in the 2013 budget. Royal assent followed in July 2014 with the rules subsequently taking effect from 6 April 2014.

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  • Fuel Rates Bulletin - April 2015

    A concise overview of HMRC's revised Advisory Fuel Rates for use when determining the tax and VAT treatment of employee mileage payments.

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  • Employment Taxes - Budget 2015

    What were the main employment tax measures announced in yesterday's Budget?

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  • Independent Schools Newsletter - Third Edition

    Welcome to the 3rd edition of Johnston Carmichael’s VAT and Employment Taxes newsletter for Independent Schools. This edition has a large focus on dispensation
    agreements to make sure you’re on track with all of HMRC’s requirements.

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  • Independent Schools Newsletter - Second Edition

    Welcome to the 2nd edition of Johnston Carmichael’s VAT and Employment Taxes Newsletter for Independent Schools.

    read more
 

Our business and your business opens a world of opportunity.

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