by VelocityAS | Dec 1, 2021 | Accounting, HMRC, Universal Credit
Under Real Time Information (RTI), you must report payments made to employees and associated deductions to HMRC on a Full Payment Submission (FPS) at or before the time at which you make the payment to your employee. However, special rules apply which modify this rule... 
by VelocityAS | Sep 6, 2021 | Business, Employment, National Insurance
You may be able to benefit from funding under the Kickstart Scheme if you are looking to create new jobs for young people. Information on the scheme can be found in the Kickstart Scheme Employer Prospectus. Nature of the scheme The scheme aims to create jobs for young... 
by VelocityAS | Oct 28, 2020 | Business, COVID-19
The Job Support Scheme replaces the Coronavirus Job Retention Scheme from 1 November 2020. The scheme, which has already evolved since it was originally announced to provide a greater level of support, will run for six months until 30 April 2021. The Government will... 
by VelocityAS | Oct 3, 2020 | Business, HMRC, Tax
When your employees return to the office, they may no longer need the homeworking equipment that enabled them to continue to work during lockdown and beyond. Are there any tax implications if they return the equipment or if they keep it? Employer provided the...