The Non-Resident Landlord (NRL) Scheme is a special scheme for the UK rental income of non-resident landlords. This includes companies or trustees whose ‘usual place of abode’ is outside the UK. Generally, basic rate tax (currently 20%) must be deducted from the rent payable to a non-resident landlord either by the letting agent or where

Businesses that use this scheme are only required to file one VAT return at the end of each year. They will usually make nine interim VAT payments during the year, based on their estimated total liability for the year, followed by one balancing payment with the return. You can only apply to join the Annual

A collective investment scheme is an arrangement that enables a number of investors to combine their money which is then professionally managed to achieve the best possible return. Investments typically include gilts, bonds and quoted equities, but depending on the type of scheme may include unquoted investments or property. The main advantage of such schemes lies

In its “Good Work” response to the 2017 Taylor Review of Modern Working Practices, the government stated that, as part of its commitment to raising awareness of employment rights, it was to instigate a campaign to encourage more working parents to take shared parental leave (SPL) in their baby’s first year. That campaign, called “Share

Employers and employees that are paid weekly, bi-weekly or four weekly and whose final payday of the 2017-18 tax year falls on 5 April 2018 are reminded that there is a possibility that they may underpay tax for the current tax year. This can happen where a ‘week 53 payment’ is received. As the calendar

The draft National Minimum Wage (Amendment) Regulations 2018 have been laid before Parliament and are due to come into force on 1 April 2018. The regulations will increase the various rates of the national minimum wage (NMW) and national living wage (NLW) as follows: the NLW rate for workers aged 25 and over will rise

The government has published its response to the 2017 Taylor Review of Modern Working Practices, which it has called its “Good Work” report. The response is accompanied by four consultation documents covering protecting agency workers, increasing transparency in the labour market, employment status and enforcement of employment rights. As the government has accepted the vast

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the interest the employee pays, if any, and the commercial rate the employee would have to pay on a loan obtained elsewhere. These types of loans are referred to as beneficial loans. The official

The Disclosure and Barring Service (DBS) has introduced new identity checking guidelines for standard and enhanced disclosure checks. The new guidelines have been running in parallel with the previous guidelines since October 2017. However, the previous guidelines have now ceased to apply, and employers must use the new version. The change is being introduced so

The child tax credit has been designed to help lower income families with children and credits are available to families with low to moderate income. Child tax credit is paid directly to the main carer in the family either weekly or monthly and is usually paid directly to a designated bank or building society account. The