Payroll

Providing comprehensive resources to help you stay current in Payroll. Count on Tolley for latest news and analysis, access to relevant cases, legislation and expert commentary.

You are in the right place if you want to be able to offer the best tax guidance on payroll in order for you to be confident you are giving your clients the most up to date information.

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Popular Articles

Chargeable lifetime transfers

This guidance note explains how to calculate the amount of tax that arises under the lifetime charge. In general terms the lifetime charge will apply to individuals who transfer property into a trust that is subject to the relevant property regime. See the Chargeable transfers and Occasions of

10 Jan 2022 15:01 | Produced by Tolley Read more Read more

Repayment of tax ― individuals

If the self assessment tax return shows that a repayment is due, the taxpayer can claim a repayment or leave it as a credit on their statement of account.The quickest and safest method is for HMRC to make the payment direct to the taxpayer’s bank or building society account and so they are asked to

28 Oct 2021 08:30 | Produced by Tolley Read more Read more

Corporate interest restriction ― overview

The corporate interest restriction (CIR) essentially limits the amount of interest expense a company can deduct from its taxable profits if the interest expense is over £2 million. The actual mechanics of the CIR calculation are highly complex (the legislation is over 150 pages long) and are

05 Nov 2021 06:52 | Produced by Tolley Read more Read more