Month: April 2016

Income Tax changes

The burden of income tax was reduced slightly in the Budget, but anomalies remain. The personal allowance will rise from £11,000 to £11,500 in 2016/17 and the higher rate threshold - the starting point for 40% tax - will rise by £2,000 to £45,000. While the Treasury described the increase in the higher rate threshold…

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Auto enrolment – beware of the fines

The Pensions Regulator is finding a growing number of automatic enrolment failures. The Pensions Regulator (TPR) recently issued its latest "Compliance and enforcement" bulletin, looking at progress to the end of 2015. This showed that as the size of employers drawn into the scope of auto-enrolment has shrunk, so have the TPR's actions and fines…

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