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 »
Payroll Newsletters
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 »
Have you been ‘pinged’?
Hundreds of thousands of people in England and Wales have been ‘pinged’ and told to self-isolate by the NHS Covid-19 app in the last few weeks. Have you been ‘pinged’? Whether you MUST self-isolate depends on how you are alerted. If you are pinged by NHS Covid-19 app, it is not a legal requirement that […] Read more »
Further Changes to the Furlough Scheme
Don’t forget the further changes to Furlough scheme from 1 August 2021, when the level of grant will be reduced to 60% and you will be asked to contribute 20% towards the cost of your furloughed employees’ wages. To be eligible for the grant you must continue to pay your furloughed employees 80% of their […] Read more »
Changes to Furlough Pay from 1 July 2021
Don’t forget the changes to Furlough Pay from 1 July 2021, when the level of grant will be reduced and you will be asked to contribute towards the cost of your furloughed employees’ wages. To be eligible for the grant you must continue to pay your furloughed employees 80% of their wages, up to a […] Read more »
Coronavirus Job Retention Scheme Extended to September
The Coronavirus job Retention Scheme (CJRS) has been extended again from June until the end of September 2021. The UK government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month. The cap affects anyone on an annual salary of £37,500 or more. […] Read more »
Employment Law Changes from April 2021
The employment law changes from April 2021 that will affect your payroll are as follows: Annual free pay allowance increasing from £12500 to £12570 meaning the standard tax code will be 1257L. The 20% basic rate for tax banding increases from £37500 to £37700. The National Insurance weekly earnings limit for employees is £184.00 and […] Read more »
Furlough changes from August
The government have announced that Furlough will not be extended beyond October, but there are changes to the furlough scheme coming into force from this month. Over 9.3 million workers have been placed on the furlough scheme, which has seen the government cover 80% of wages up to £2,500 a month, since its launch in […] Read more »
New Payroll Rates from April 2018
The 2018-19 tax year means you need to know all the new payroll rates from April 2018. * The personal allowance increases from £11,500 to £11,850 per year, making the standard tax code 1185L * The 20 per cent basic rate tax band increases from £33,500 to £34,500 per year * The lower earnings limit […] Read more »