The three charity regulators for the UK (the Charity Commission for England and Wales – CCEW, the Office of the Scottish Charity Regulator – OSCR and the Charity Commission for Northern Ireland – CCNI) have published joint guidance on reporting of relevant matters of interest to UK charity regulators.
In July 2017, PAYE tax codes became more refined. Under the new system, known as dynamic coding, HMRC issues an updated tax code once they become aware of a change that will affect the tax an employee pays, such as a new benefit in kind.
For any business importing or exporting, dealing in foreign currencies is an unavoidable prerequisite. Despite this, we are continuing to hear of companies blaming unforeseen movements in the currency markets as a key driver for poor performance.
You must submit to HMRC the details of staff pay and deductions on or before the day the payment is made to the employee. This is done by submitting a FPS.