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Payroll News

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The Election result: What are the tax implications?

The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the Democratic Unionist Party (DUP). What does this...

National living wage – rising wage costs for employers

The National Living Wage From 1 April 2016, following the introduction of the new National Living Wage, all workers aged 25 and over are legally entitled to at least £7.20 per hour. This was, however, until the Chancellor delivered his Autumn Statement, where he...

Apprenticeship Levy: Not long to go

The new Apprenticeship Levy will be launched in April 2017. We look at what this is and who will be affected by the government's new levy. What is the Apprenticeship Levy? First of all, only employers with a wage bill of over £3m will be affected by the Apprenticeship...

The Autumn Statement 2016 predictions

The Autumn Statement 2016 on Wednesday is set to be an important event.  It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we expect in the upcoming Autumn Statement?  Craig...

New polymer banknotes start circulation with £5 note

The 13th September marked the first day of the brand new polymer banknotes being issued. The £5 note is the first of the banknotes to be launched in England and Wales. The polymer made banknotes are much more durable than the old banknotes and can withstand getting...

Apprenticeship levy update: further guidance issued August 2016

A new apprenticeship levy update has been issued (August 2016), stating that all businesses have until September to feedback on plans before the new rules are formally introduced next year. The government has ignored some businesses groups' advice for a delay to the...

Reminder: National Minimum Wage to rise again October 2016

This article is a short reminder that National Minimum Wage will increase from 1 October 2016, following the Government's decision to accept recommendations from the Low Pay Commission (LPC) earlier this year. The main National Minimum Wage rate (for 21- 24 year olds)...

Care home Minimum Wage and Living Wage update

The government announced increases to the National Minimum Wage, effective 1 October 2016, after accepting recommendations for the new rates from the Low Pay Commission (LPC). The main National Minimum Wage rate (for 21- 24 year olds) will rise by 3.7% from £6.70 to...

P11D deadline reminder – are you ready for 6 July 2016?

Important reminder for employers: the P11D deadline is 6th July 2016. The forms P11D, and where appropriate P9D, which report details of expenses and benefits provided to employees and directors for the year ended 5 April 2016, are due for submission to HMRC by 6 July...

PAYE 3 days grace and risk based penalties to continue

HMRC have confirmed, in their updated guidance, that the three day easement and risk assessed approach to issuing penalties will continue to apply for 2016/17. As a result employers will not incur penalties for delays of up to three days in filing PAYE information...

Expenses exemption to replace dispensations from 6 April 2016

Are you aware of the changes to dispensations? In the past, many businesses have applied to HMRC for dispensations. Dispensations have allowed expenses and benefits to be provided to employees without being included on a P11D or subject to PAYE and NIC. A dispensation...

Personal allowances and tax bands for 2016/17

Under the current rules for those born after 5 April 1938 the personal allowance is currently £10,600, whilst those born before 6 April 1938 have a slightly higher allowance (read more about personal allowances by age below). In 2016/17, the personal allowance will...

National Minimum Wage to rise again in October 2016

The government announced increases to the National Minimum Wage, effective 1 October 2016, after accepting recommendations for the new rates from the Low Pay Commission (LPC). The main National Minimum Wage rate (for 21- 24 year olds) will rise by 3.7% from £6.70 to...

Important PAYE and employment tax changes 2016 that you need to know

Are you ready for the fothcoming PAYE and employment tax changes? There are some very important changes to PAYE and employment tax rules due to come into effect from April 2016. It is important that as an employer you are aware of these changes and, if necessary, have...

Is now a good time to outsource your payroll?

As the tax year draws to a close we ask: what actions could you take to make your life easier from 5 April, taking some of the stress out of running your business and giving you more free time on evenings and weekend? Outsourcing your payroll will not only likely save...

Important changes to Employment Allowance from 6 April 2016

The changes to Employment Allowance The National Insurance Contributions (NIC) Employment Allowance was introduced from 6 April 2014. It is an annual allowance which is available to many employers and can be offset against their employer's NIC liability. From April...

Retaining retail staff using bonus schemes

Arguably one of the biggest challenges facing the sector is retaining retail staff and the associated costs involved through high staff turnover. Staff turnover in the retail industry has been, and still is, very high and is down to both the financial and...

Are you ready for the new Scottish Rate of Income Tax?

Are you ready for the new Scottish Rate of Income Tax? On 6 April 2016, a fundamental change will be made to the taxation system for some UK resident individuals. Those who are resident in Scotland will pay two types of income tax on their non-savings income. The main...

PAYE update for small businesses

The introduction of the National Living Wage The government has announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above from April 2016. Initially the NLW is set at £7.20, which is 50p above the current National...

HMRC have now issued the first in-year PAYE penalties

HMRC have now issued the first in-year penalties notices to employers with fewer than 50 employees who missed the deadline for sending PAYE information to HMRC. Rather than issue late filing penalties automatically when a deadline is missed, HMRC have announced that...

Big benefits of outsourcing your payroll

Whether you are a small or large business owner, you may have considered outsourcing your payroll matters. There are various reasons why companies often initially process payroll themselves. Indeed, some companies consider in-house processing to be a more...

Things to consider when choosing a payroll provider

Whether you are a small or large business owner, you may have considered outsourcing your payroll matters. There are various reasons why companies often initially process payroll themselves. Indeed, some companies consider in-house processing to be a more...

RTI penalties on the horizon

Earlier this year, HMRC laid out their timetable for various changes to the PAYE compliance system: April 2014 - in-year interest on any in-year payments not made by the due date - this is already happening, although HMRC are not writing to affected businesses....

Do you employ anyone under the age of 21?

From the 6 April 2015, if any of your employees are under the age of 21 you may no longer need to pay employer Class 1 secondary National Insurance contributions (NICs) on their earnings. The rate of employer Class 1 NICs for employees under the age of 21 will be 0%...

Personal allowances and tax bands 2015/16

See personal allowances and tax bands for 2016/17 here. For those born after 5 April 1948 the personal allowance will be increased from £10,000 to £10,600. The reduction in the personal allowance for those with 'adjusted net income' over £100,000 will continue. The...

Can employers reclaim SSP? – SSP recovery abolished

The Percentage Threshold Scheme (PTS), which allows employers to reclaim Statutory Sick Pay (SSP) in certain circumstances, was abolished from 6 April 2014. Assuming your business is eligible, you should ensure you claim the Employment Allowance which commenced on 6...

Employment tribunal review in Bear Scotland v Fulton case

Commenting on the ruling from Employment Appeal Tribunal in the Bear Scotland versus Fulton case, Stephen Charles, Partner at Hawsons Chartered Accountants, has warned of the potential ramifications for many UK businesses. The Employment Appeal Tribunal has today (4th...

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