Employers & employees

RKG Consulting provides advice and compliance services regarding the income tax (Pay As You Earn) and National Insurance implications of employment income. 

We advise employers as to the setting-up and operation of the most appropriate types of payroll schemes, particularly expatriate schemes, construction industry schemes and other special types of payroll schemes.

We advise employees, particularly high-earning staff and directors, as how to effectively plan for the tax and NI implications of receiving salaries, bonuses, dividends, stock options and other aspects of their remuneration packages.

The articles below provide more insight into the complex world of the PAYE and NI issues relating to employment income.

  • National Insurance

    As an employer you are required by law to operate the National Insurance Contributions (NICs) system accounting for your own and employees contributions. This is normally done through the Pay As You Earn (PAYE) system.  You may have to deduct Class 1 NIC from your employees. You may also have to pay Class 1A and Class [...]

  • National minimum wage

    National minimum wage – the three rates There are three different national minimum wage rates, which are usually updated in October each year. The rates that apply from 1 October 2009 are as follows: for workers aged 22 years or more: £5.80 per hour for workers aged 18 to 21 inclusive: £4.83 per hour for workers aged under 18 [...]

  • Share schemes

    There are four schemes with tax and NICs advantages. These are: Share Incentive Plans (SIP) Save As you Earn (SAYE or Sharesave) Enterprise Management Incentives (EMI) Company Share Option Plan (CSOP). These schemes can have both income tax and national insurance advantages.  Please contact RKG Consulting for full details of the most appropriate share scheme for your company to attract and retain [...]

  • Employment-related securities

    The following are issues that may arise in regard to employment-related securities. Related Posts:Form 42 – reporting requirementsSecurities TradingNew employee notificationsEmployers & employeesMigrant worker checks

  • PAYE for employers

    PAYE: your obligation as an employer PAYE (Pay As You Earn) is the system that HM Revenue & Customs (HMRC) uses to collect Income Tax and National Insurance contributions (NICs) from employees’ pay as they earn it. The term ‘employee’  includes directors of limited companies. As an employer, you’ll have to deduct tax and NICs from your [...]

  • Construction Industry Scheme (CIS)

    What is the Construction Industry Scheme (CIS)? The Construction Industry Scheme (CIS) is a set of special rules for handling payments made by contractors to subcontractors for construction work. If your business works in the construction industry or does construction related work then it may need to register with HM Revenue & Customs (HMRC) as either [...]