Payroll Newsletters

2024 BUDGET CHANGES

The new chancellor has delivered her budget statement, which has a number of cost implications for businesses from April. Employer National Insurance The rate payable by employers beyond the Employment Allowance will rise from 13.8% to 15%. At the same time, the employee threshold at which the employer National Insurance rate kicks in will be […] Read more »

MANDATORY PAYROLLING BENEFITS IN KIND

The government will make the reporting and paying of Income Tax and Class 1A National Insurance Contributions (NICs) on benefits in kind via payroll software mandatory from April 2026, building on the progress already made on the government’s ambition to fully digitalise the reporting of benefits in kind. Mandation will simplify the tax affairs of […] Read more »

Tax Year 2022-23: New Rates, Allowances and Thresholds

The new tax year 2022-23 New Rates, allowances and thresholds you need for your payrolls from April 2022 are as follows: All tax thresholds and allowances have been frozen so remain the same as last tax year (except Scotland). Therefore the standard tax code remains 1257L. National Insurance Thresholds have changed. The lower earnings threshold […] Read more »