Increasingly, UK based payroll teams are expected to manage payroll production for other countries, often outsourcing to local experts, but the employer remains ultimately liable for any compliance issues.
Whether you are finishing 2016-17 (with the pending declaration of benefits in kind) or starting 2017-18 (getting used to new tables and guidance), this post attempts to put all the current guidance into one document
Where transfers of funds are made from a UK-registered pension scheme to an overseas one, that overseas scheme must be ‘recognised’ by HMRC to maintain UK tax benefits. HMRC publishes an updated list of overseas pension schemes that have told them they meet the necessary criteria to be a Recognised Overseas Pension Scheme (ROPS).
It’s never too soon to start looking forward to the new tax year. The Student Loans Company (SLC) website has confirmed the Student Loan annual thresholds that we will have to operate from 2018-19 tax year.
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