We are delighted to announce we have joined forces with Piper Thompson, Chartered Accountants. We look forward to welcoming Tony’s clients to TWP. Piper Thompson have been in Weybridge for 33 years now and have worked alongside TWP on mutual clients for 32 of those 33 years. The practice is headed up by Tony Thompson. […]
From 25 May 2018, companies in the UK will be bound by the new General Data Protection Regulations (GDPR), but did you know that these could have a significant impact on your payroll? Awareness of GDPR is on the rise amongst UK companies and many are already putting procedures in place to ensure their clients’ […]
Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications. Until recently it has been possible to obtain a paper copy of form SA302, which lenders often require […]
Activity in the savings market has soared in recent months with the number of providers reaching its highest point in more than seven years, new figures reveal. The latest Moneyfacts UK Savings Trends Treasury Report shows that there are now 120 savings providers – such as banks and building societies – in the market, up […]
The Treasury has confirmed plans to limit the statutory right to transfer pensions in a bid to clamp down on fraud. In a response to its consultation paper issued in December 2016, it said it would introduce tougher measures around transfers and the setting up of small self-administered schemes (SSAS). Under new measures, individuals will […]
The Bank of England (BoE) announced that it would hold interest rates at a record-low of 0.25 per cent in August, but for how much longer this will low rate will remain unchanged is not known. While the economy is growing and job creation is increasing to near-record levels, choosing to hold interest rates at […]
The government are offering compensation to those who have been affected by problems with the implementation of Tax-Free Childcare. Individuals who have been affected may be able to get a government top-up as a one-off payment for Tax-Free Childcare. The government will also consider refunding any reasonable costs directly caused by the service not working […]
Under pensions auto enrolment employers have to enrol qualifying employees into a workplace pension. Duties include paying contributions for the employee. The process of auto enrolment has been phased in from October 2012 when the largest employers had to comply with the rules. However the rules are set to change and new employers will have […]
The Pensions Regulator (TPR) has begun carrying out employer spot checks to make sure employers are complying with their automatic enrolment duties and that they are giving their staff the workplace pensions they’re entitled to. According to the TPR these inspections help them to understand any challenges employers are facing, and whether TPR need to […]
HMRC have issued their latest guidance to employers in the August edition of the Employer Bulletin. This publication, which is issued every two months, includes articles on: Reporting Pay As You Earn in real time Optional Remuneration Arrangements Tax codes – Get it right first time PAYE penalties – continuation of the risk-based approach to charging penalties […]
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